24 month contract. Any thoughts - please, page-41

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    Hi wotsup

    I must apologise in part as the laws have changed plus I am not familiar with WA laws anyway which appear to be in the control of the WA REI

    They obviously do not have property conveyancers in WA which had the effect of opening up the process in the eastern states

    This is the type of thing that is used in the east if a settlement is not made
    26. INTEREST Interest at a rate of 2% per annum plus the rate for the time being fixed by section 2 of the Penalty Interest Rates Act 1983 is payable on any money owing under the contract during the period of default, without affecting any other rights of the offended party.
    27. DEFAULT NOTICE
    27.1 A party is not entitled to exercise any rights arising from the other party’s default, other than the right to receive interest and the right to sue for money owing, until the other party is given and fails to comply with a written default notice.


    But I also see that the government no longer sets the standard contract but the RE body (self monitored)

    So we are gradually going back to the dark ages with excessive control by the RE, and the Law Institute Bodies on one hand a the screaming liberal minorities on the other with the general public getting it in the neck from both sides
 
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