Understanding, Preparing and Drafting a Statement of Adjustments – Leo Cussen Centre for Law

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Understanding, Preparing and Drafting a Statement of Adjustments

Understanding, Preparing and Drafting a Statement of Adjustments

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In preparation for a settlement of property, the purchaser’s lawyer or conveyancer must draft a Statement of Adjustments. The statement outlines the total and adjusted cost of the property your client must pay at settlement, incorporating adjustments for outgoings such as rates, utilities and owner’s corporation fees.

It is incumbent on every practitioner to ensure their clients fully understands and accepts the Statement of Adjustments.

This session will discuss issues including: 

  • Preparing and reviewing the Statement of Adjustments
  • Key areas to look out for when reviewing the Statement
  • What to do if your client does not want any adjustment made
  • How are outgoings adjusted for rent, for investment and rental properties?
  • What happens if a statement is not provided before settlement or an error is made?

Don’t miss this seminar to ensure your Statement of Adjustments does not become a ‘tick the box’ exercise before your next settlement is finalised.


What is included:

Videos of the presentation in mp4 format.

Paper materials in pdf format.

* This Webcast does not allow WA practitioners to claim CPD points