How time affects your conveyance
Learn more about how vital time is during your contract.
Time is of the essence
Time is of the essence to the contract. This legal term means you must perform your obligations strictly by the due date. For example, you must be able to settle by 4.00pm AEST on the settlement date or else other party may either terminate or seek to enforce the contract. In both cases, the aggrieved party can claim compensation from you.
The contract provides if anything is to be done on a day not a business day, it must be done on the next business day. Under the contract, business days are days other than any public holiday in the place named in the contract for settlement, any day in the period 27 December to 31 December (inclusive) and Saturdays and Sundays.
Learn more
- Learn more about about property titles.
- Find out about property searches.
- Learn more about price adjustments at settlement.
Contact Montane Support
Need more help? Save time by starting your support request online and we’ll connect you to an expert.