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Sunset Clause

Glossary of Terms - Sunset Clause


A clause that allows the vendor to accept another offer apart from an existing contract once the existing contract has failed to meet the conditions of the other offer within a pre-determined time period. 



glossary of terms article list

  1. Appraisal
  2. Bridging Finance
  3. Buyers Agent
  4. Caveat Emptor
  5. Certificate of Title
  6. Conveyancing
  7. Cooling Off Period
  8. Deposit Bond
  9. Easement
  10. Freehold
  11. Leasehold
  12. Mortgage
  13. Open House
  14. Option to Buy
  15. Passed In
  16. Reserved Price
  17. Resumption
  18. Settlement
  19. Stamp Duty
  20. Sunset Clause
  21. Title Deeds
  22. Vendor
  23. Warning Statement
  24. Zoning