A Property Transfer Inspection form should be completed to help assess if property meets a reasonable standard, with any cosmetic defects or contract holders’ own improvements noted. Any repairs required to meet an acceptable condition for transfer should be discussed with the contract holder and confirmation of the cosmetic issues, contract holder improvements and contract holder responsibility repairs picked up on during the inspection should be provided in writing to the outgoing contract holder.
An asbestos management survey will need to be completed along with an electrical check of the property. The electrical check will only be valid for 1 month.
The proposed incoming contract holder must sign a disclaimer if they wish to accept a property for any issues, improvement or repairs identified that they wish to accept, agreeing to rectify any decoration, contract holder repairs or remove any contract holder own improvements should they wish to later leave the property. This ensures they are clear that we will not then later complete any repairs or improvements for these matters.
For any property that fails a EOT inspection the mutual exchange is rejected, and contract holders advised to re-apply when the work has been completed