The updated REIQ contracts address the GST withholding changes, facilitate the electronic signing of contracts and update references to legislation and notice clauses.
What are the new versions?
The new versions will be:
Why the change?
The new contracts:
What are the major changes?
There are quite a number of changes, although many of them are technical, such as updating references to legislation. The major changes are:
As always, this is only a brief overview of quite a number of changes to the Standard Contracts. We love to help, so if you have any questions regarding any of these changes, get in contact with us.