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ARTICLE · 30 NOVEMBER 2022

What is a Notice to Complete?

Rostron Carlyle Rojas
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What is a Notice to Complete (NTC)? How to serve a NTC. Consequences for failing to complete. Challenging a NTC.

AustraliaReal Estate and Construction
James Hatzopoulos
James Hatzopoulos
Emma-Rose Mouawad
Emma-Rose Mouawad
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Settlement day is the most important day of any property transaction for both the Vendor and the Purchaser. Settlement day is when the ownership of the property exchanges hands, the Purchaser receives the keys to their new property and the Vendor receives their money.

Each party is required to do whatever it is reasonably necessary to make settlement happen.

Under the Contract for Sale of Land (NSW) all parties must complete by the date for completion stated in the contract, if they do not, the party ready to settle can serve a Notice to Complete ("NTC") on the default party (party unable to complete). To issue a NTC the party serving must be ready, willing and able to complete at the time the notice is issued.

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