When can I receive the keys to the property after settlement?
Learn about getting your keys by reading below, or watch our video for a quick summary.
After the lengthy process of purchasing a property, the moment of key handover is eagerly anticipated. Understanding when and how you will receive the keys after settlement is crucial for a smooth transition. On the settlement date, the first step is to complete a pre-settlement inspection. However, it’s important to note that this inspection does not equate to taking possession of the property or the keys.
The Settlement Process
Settlement usually occurs later in the day following the pre-settlement inspection. The lawyers play a pivotal role at this stage. They will inform the selling agent that the settlement has been completed. This communication is typically done through a document known as the “Order on Agent.” Once this document is sent and received, it signifies that the legal process of transferring the property’s ownership is complete.
Receiving the Keys
After the settlement process is finalised and the Order on Agent is sent, the keys can then be released to you. This marks the point where you can officially move into your new property, or if you’re an investor, your new tenant can take possession.
Ready to Move In or Invest?
Are you considering purchasing a property or have questions about the settlement process? At Porters House, a leading Buyers Agent in Sydney, we can guide you through every step of your property journey. From understanding the legalities of property transfer to getting the keys to your new home or investment property, our team offers expert advice and support. Get in touch with Porters House today for tailored assistance and make your property transition as seamless as possible. We’re here to help you unlock the door to your property dreams.