Settlement statement — sale of real estate

Settlement statement — sale of real estate

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This precedent is a settlement statement for sale of real estate.

This settlement statement is usually prepared by the purchaser’s representative and forwarded to the vendor’s representative for approval. It set out the balance of proceeds payable on settlement, after the deposit and all adjustments under the contract have been taken into account (see clause 14 of the standard form contract).

For letters forwarding the settlement statement to both parties, see the separate precedents “Letter to purchaser client before completion enclosing settlement statement (amount required for completion of purchase)” and “Letter sending draft settlement statement to vendor’s representative”.

This precedent has been authored for LexisNexis 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.