On settlement day in a Queensland property transaction, the buyer's solicitor typically performs a final title search to:
Correct Answer
D) Check that no new caveats or other dealings have been registered since the contract
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.
Why This Is the Correct Answer
The final search on settlement day compares the title with its state when the contract was signed. It reveals any caveat, mortgage or other dealing lodged since then, so the buyer's solicitor can require it to be removed before paying the balance.
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Previous Question
Contracts for an established Wollongong home are exchanged by private treaty at 11 am on a Wednesday. There are no public holidays in the next fortnight and the buyer has not waived cooling-off. When does the buyer's cooling-off period end?
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