adjustments

Calculating Rates Adjustments – Brisbane City Council:

Calculating Rates Adjustments – Brisbane City Council:

As part of the conveyancing process your solicitor will calculate a settlement amount, which is the amount the buyer must pay for the property at settlement, taking into account adjustments for things such as, rates, water charges and body corporate fees. Your solicitor will provide you with a settlement statement prior to settlement that details how the settlement amount has been calculated.

Rates and Water Search – Making Adjustments at Settlement:

Rates and Water Search – Making Adjustments at Settlement:

As part of the conveyancing process, your solicitor will undertake several searches of the property that you are buying to ensure the property is free from defects and all costs are accounted for prior to settlement. One of the searches they will undertake is a council rates and water search.