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Contracts ConveyancingQLDMEDIUM

On settlement day in a Queensland property transaction, the buyer's solicitor typically performs a final title search to:

Correct Answer

B) Verify there are no new encumbrances or caveats registered since the contract date

A final title search immediately before settlement confirms the state of the title and ensures no unexpected encumbrances, caveats, or dealings have been registered since the contract was entered into.

Answer Options
A
Confirm the property's market value has not decreased
B
Verify there are no new encumbrances or caveats registered since the contract date
C
Confirm the seller has paid all future council rates
D
Ensure the buyer's loan has been fully repaid

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Related Topics & Key Terms

Key Terms:

final title searchsettlementencumbrances
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