30/09/2026
For most property buyers, settlement day means one thing: getting the keys to your new home. But when exactly can those keys be released?
With electronic settlements through PEXA, settlement and physical key handover are now two separate steps. There are also important legal issues around vacant possession, pre-settlement inspections, risk, and what happens if the vendor hasn't actually vacated.
Our latest blog looks at the new 2026 NSW Contract for Sale and Purchase of Land, what "vacant possession" really means, when risk passes to the purchaser, and what buyers can do if settlement doesn't go according to plan.
Buying or selling property? Understanding what happens between settlement and getting the keys can help you avoid an unwelcome surprise.
👉 Read the full blog – https://www.shirelegal.com.au/blog/propertysettlement_0926