16. Buyer’s acknowledgement that property is affected by flood

The Buyers acknowledge that they have been advised by the Seller’s agent that the property sold suffered flooding during the 1974 and/or 2011 Brisbane flood. The Buyers acknowledge that they have relied upon their own judgement in entering into this Contract and shall not raise any requisition or objection to the title of the Seller or rely upon any other condition of this Contract in respect of the fact that this property has been affected by the 1974 and/or 2011 Brisbane Flood.