This precedent is a letter to the vendor’s agent advising the agent that settlement has taken place. The precedent also deals with the following matters:
· an order on the agent prepared by the purchaser’s representative authorising the agent depositholder to release the deposit;
· accounting of interest payable; and
· the agent’s commission.
See related precedent “Order on agent”.
This precedent has been authored for Lexis Nexis by Daniela Terruso, Director, Intelmar Pty Limited.
This document is prepared with the assistance of General Editor Christopher Conolly, Partner, TressCox Lawyers and Specialist Editor, Peter Rosier, Principal, Rosier Partners Lawyers.