In WA, what happens if a seller accepts an offer but the buyer fails to settle on the agreed date?
Correct Answer
B) The seller may serve a default notice and terminate if the buyer still fails to settle
If the buyer fails to settle on the agreed date, standard WA conditions allow the seller to serve a default notice, often called a notice to complete, giving the buyer a further period to settle. If the buyer still does not settle, the seller can terminate, keep the deposit and claim damages for any further loss.
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