Question 1

Who is responsible for payment of the rates?

Casa Conveyancing · Accepted Answer

The vendor is obliged to pay the rates on the property up until the date of settlement. To adjust rates as to the date of settlement, any amount outstanding for rates is deducted from money paid to the vendor.  The purchaser then makes an allowance to the vendor for their share of the rates from the settlement date to the end of the rating period with payment made to the rating authority for any amount outstanding during settlement.

Question 2

Who is responsible for payment of the rates?

Casa Conveyancing · Accepted Answer

The vendor is obliged to pay the rates on the property up until the date of settlement. To adjust rates as to the date of settlement, any amount outstanding for rates is deducted from money paid to the vendor.  The purchaser then makes an allowance to the vendor for their share of the rates from the settlement date to the end of the rating period with payment made to the rating authority for any amount outstanding during settlement.