Don’t get caught failing to comply with the new Qld smoke alarm laws or it will cost you .15% of your sale contract!
If smoke alarms are not installed the buyer will be entitled to an adjustment on the price payable at settlement of 0.15% of the purchase price.
The buyer will need to claim this adjustment prior to settlement. There is no right to terminate or claim damages for a breach of Clause 7. A right to access the property with notice to inspect the smoke alarms has been added to clause 8.2.
• Existing smoke alarms manufactured more than 10 years ago must be replaced with photoelectric smoke alarms which comply with Australian Standards (AS) 3786-2014. (Note: the date should be stamped on the back)
• Smoke alarms that do not operate when tested must be replaced immediately.
• Existing hardwired smoke alarms that need replacement, must be replaced with a hardwired photoelectric smoke alarm.
To get everyone out safely during a house fire, it is essential to also have a well-practised fire escape plan.
Property sellers must continue to lodge a Form 24 stating the requirements of the legislation have been met. See New Smoke Alarm Legislation for more details.