22Duties of vendors where lot is under Real Property Act 1900

22 Duties of vendors where lot is under Real Property Act 1900

22 Duties of vendors where lot is under Real Property Act 1900

Notwithstanding any stipulation in an instalment contract, where a transfer, duly stamped within the meaning of the Stamp Duties Act 1920 and executed pursuant to section 13, is held by or on behalf of the vendor under such contract, the vendor or the vendor’s agent shall, if the purchaser has paid to the vendor or the vendor’s agent, as the case may be, the fees referred to in paragraph (a)—

(a) forthwith lodge such transfer with the proper officer at the office of the Registrar-General for registration, accompanied by the prescribed fees necessary to procure registration of such transfer, and

(b) within seven days after so lodging such transfer, notify in writing the purchaser or the purchaser’s solicitor that the vendor or the vendor’s agent holds the receipt issued by the Registrar-General upon lodgment of the transfer and in such notification indicate a time and place for the purchaser or the purchaser’s solicitor to inspect such receipt, and

(c) promptly attend to all matters reasonably necessary to procure registration of such transfer, and

(d) notify in writing the purchaser or the purchaser’s solicitor when such transfer has been registered.

s 22: Am 1978 No 2, Sch 1 (6) (c).