Prepare for settlement
Use this page when a Transaction is moving toward settlement and your team needs to check what is ready.
Before you start
Section titled “Before you start”- Check the current settlement date.
- Check whether your firm acts for the purchaser or vendor.
- Confirm that conditions and title issues have been handled under your firm’s process.
- Open the Transaction.
- Check Workflow for outstanding pre-settlement tasks.
- Check Documents, Undertakings, Settlement Statement, and Lending where they apply.
- Record evidence for completed external confirmations.
- Escalate anything that prevents your firm from being ready to settle.
Check before you continue
Section titled “Check before you continue”- Purchaser-side work may include funding, lender, transfer, A&I, and settlement statement checks.
- Vendor-side work may include discharge, payout, undertakings, authority, and settlement statement checks.
- Seller-lender payout information is confidential and must stay visible only to the correct legal side.
What happens next
Section titled “What happens next”When preparation is ready, use Check settlement readiness before settlement day.
Limits
Section titled “Limits”Torrens can organise and record preparation. It does not complete Landonline certification, lender instructions, banking, trust-account work, counterparty work, or professional settlement decisions for your firm.