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Insights from Australian Buyers and Sellers
Is your client selling a property in QLD in 2022? From January 1, 2022 all properties sold will require compliant smoke alarms to be installed prior to the settlement of the property.
Having smoke alarms interconnected means if one goes off, they all go off, giving occupants of the property additional time to escape should a fire or hazard be present.
The new smoke alarm legislation from Queensland Fire and Emergency Services outlines that for any property sold from New Years Day in 2022, must have smoke alarms on each story, in every bedroom and in hallways or if no hallway, in the most likely path of travel towards the exit of the property. Smoke alarms must be hardwired or powered by a non-removable 10-year battery, or a combination of both.
When preparing a property for sale, these smoke alarm requirements must be met before a property can settle. If not met, the property may not settle on time or at all which can affect your matter. You should make your client aware of these requirements.
The Queensland Fire and Emergency Services have released a fact sheet explaining the new legislation. You can find that here. The same legislation applies for those who are looking to lease their property or renew an existing lease in 2022.
For those who currently own their own property and are not looking to sell, this legislation will come into force on January 1, 2027.
By taking that extra step with due diligence ensures that you maintain strong client relationships. By letting your clients know what is required from them, ahead of time so they can be prepared, goes a long way to ensuring future business and overall firm longevity. If you are looking for support with property settlements this festive season and into the New Year, SettleIT can help. Connect with the SettleIT team today to find a suitable settlement and lodgment partner.