Property Damage Settlement Agreement Template for Australia

1. Insurance Provisions: Include when insurance companies are involved in the settlement process

2. Future Repairs: Used when ongoing or future repair work needs to be addressed

3. Third Party Rights: Include when other parties may have rights or interests in the damaged property

4. Tax Implications: Include when settlement amount has significant tax consequences

5. Dispute Resolution: Include when specific dispute resolution mechanisms are needed

6. Interim Arrangements: Used when temporary measures are needed before final settlement implementation

7. Warranties: Include when specific representations about the property or damage are necessary

1. Schedule A - Property Description: Detailed description of the damaged property and its location

2. Schedule B - Damage Assessment: Comprehensive description of the damage and professional assessment reports

3. Schedule C - Settlement Calculation: Breakdown of settlement amount including any deductions or adjustments

4. Schedule D - Payment Schedule: If applicable, details of installment payments or payment conditions

5. Appendix 1 - Photographs: Visual evidence of the property damage

6. Appendix 2 - Expert Reports: Any professional evaluations or assessments of the damage

7. Appendix 3 - Insurance Documentation: Relevant insurance policies or claim documentation