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Are verbal agreements binding?

The Property Law Act states that all agreements to sell land in Queensland must be in writing. This includes any amendment to the contract, therefore, if you wish to change the finance or settlement date, this needs to be in writing. Normally the solicitors for the buyer and seller simply swap letters. Notwithstanding, these people can still be held liable for verbal representations if the other person acted in reliance upon that representation. We generally recommend that all amendments and representations be confirmed in writing.

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