21. Contract which is subject to registration of record of death where property was Owned by two people and one has died

Completion of this Contract is subject to registration of a Record of Death in the Department of Natural Resources evidencing the death of [1]. The Seller agrees to take all such steps as may be necessary to effect the registration of the Record of Death as expeditiously as possible. If the Record of Death is not registered by [2] then the Buyer may by written notice to the Seller terminate this Contract whereupon all deposit monies paid by the Buyer shall be refunded in full.

[1] name of deceased
[2] date registration required – allow 21 days from lodgement of registration of Record of Death
NOTE: This clause is essential when the property is owned by two people as joint tenants and one owner has died.