If you are looking to buy or sell, or are in the process of buying or selling property in Queensland, it is important that you understand how the Christmas holiday period affects contract dates.
The following is a list of key factors that may impact the progress of your conveyance:
Under the standard REIQ contracts, the last business day for 2024 is Tuesday 24 December 2024, and the first business day of 2025 is Thursday 2January 2025.
Any conditions of your Contract that are due within this ‘Christmas closure period’ will automatically default to the 2 January 2025.
This does not apply to contracts that are not REIQ contracts (i.e. off the plan, put and call option deeds etc)
The cooling-off period is not impacted by the Christmas closure period. If you sign a contract between the 27th December 2024 and the 31st December 2024, the public holidays are not considered and the statutory 5 days will begin counting.
You may have noticed law firms and agents giving notice of their holiday dates.
It is important that you take note of these dates because this may affect the Christmas closure period for you.
We understand that the Christmas period can be a stressful time and buying or selling property during this time does not make the stress any lighter. It is important that you engage an experienced solicitor to assist you to understand your contract dates, special conditions, and deadlines.
At Holt Ronan Lawyers our solicitors and conveyancers have decades of experience and can assist you with your contract during the Christmas period.
Disclaimer: This advice is general in nature and is not intended to be legal advice.
If you would like legal advice, please call our office on (07) 5619 0440 and we would be pleased to assist you.
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Elyse May
Jan 2024
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Gold Coast Art School
Feb 2024
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Aug 2023