Complete Post sale activities

Settlement has now taken place and you hold the letter to account. Prepare a statement for the vendor covering the release of the deposit and any charges taken out of it and a statement to the purchaser for the interest on the deposit.

Details of the sale were:

PROPERTY: 54 Smith Street, Anywhere 
VENDOR: Mr & Mrs Vendor
54 Smith Street
Anywhereville NSW 2999

PURCHASER: Marcus and Julie Cashman
ADDRESS: 1/46 Noble Park Road, St Leonards
SALE PRICE: $1,285,000 ;
DEPOSIT: 10%; Invested and interest is $89.55 Deposit invested in Acme Bank, Anywheresville.
COMMISSION 1.9% incl GST;
Advertising expenses to be paid at settlement $9,853

 

 

Answer rating: 100% (QA)

Statement for Vendor Mr Mrs Vendor 54 Smith Street Anywhereville NSW 2999 RE Sale of 54 Smith S... View the full answer