What to do when you buy or sell a property
Get an information statement
Before you sell or buy any property you can get an information statement which shows rates and charges for the property, as well as any outstanding charges (encumbrances).
It’s easy to apply for a statement online through Property Connect.
There’s no need to apply for a special meter read at settlement. That’s because information statements now include historical usage data to help you calculate charges from the last meter read to the settlement date.
When there are charges owing on the property you buy or sell
As of 1 July 2013, under s.274(4A) of the Water Act 1989 (Vic), all amounts due to be paid by the property owner to South East Water, is lien on the property (whether or not South East Water has agreed to defer the payment of the whole or any part of that amount). Lien is a charge placed on a property for the satisfaction of a debt. This includes (but is not limited to) amounts incurred for the charges below:
- Water usage (includes what was previously called the sewage disposal charge)
- Water service
- Trade waste
- Pressure sewer connections
- Sewerage service
Any outstanding amounts owing on any of these charges prior to 1 July 2013 have now transitioned to lien.
Other authorities’ charges, including the Waterways and Drainage charge and Parks charge, continue to be lien.
Processing for property settlements
It’s important to note that when a charge is incurred on a property, the amount is usually repaid when the property is sold or transferred; and if this does not occur, any unpaid debt will become the responsibility of the new property owner.