Once you have accepted an offer the buyer will be required to pay a deposit. The buyer will pay the deposit to your legal adviser who will hold the deposit in their trust account until settlement.
Once you have accepted an offer the buyer will be required to pay a deposit. The deposit is usually 10 per cent of the agreed sale price (however this amount is negotiable). The buyer should pay their deposit to your legal adviser who hold the deposit in trust as a stakeholder until settlement occurs.
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Published: Monday, 26 October 2009