Level 10, 1 Chifley

Square, Sydney NSW Australia
Phone: 02 9232 3733
Fax: 02 9231 6093

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What is buying off the plan?

This is where an estate agency or development company offers property for sale that is yet to be completed or has not yet commenced construction....

What is stamp duty?
Stamp duty is a State tax on written documents and certain transactions, such as:

  • Hire purchase agreements
  • Motor vehicle registration and transfer
  • Leases and mortgages
  • Insurance policies
  • Transfers of property....

Do I really need a lawyer or licensed conveyancer?
The buying or selling of a property is complex as well as risky. The good news is that having an experienced lawyer (either a solicitor or a licensed conveyancer) act on your behalf in this process is virtually a guarantee that your sale or purchase will go ahead smoothly and with a minimum of fuss....

Powers of attorney
A power of attorney is a document which allows another person to make decisions on your behalf. There are lots of instances where you may want to execute a power of attorney....

What is conveyancing?
Conveyancing is the process of formally transferring the ownership or control of property from a seller to a buyer. It includes mortgages, charges, leases and the passing of various other interests in property....
 
What is included in a conveyancing process?
As noted above, conveyancing is the process whereby property is transferred from a seller to a buyer. This involves both legal and administrative processes as well as processes dedicated to ensuring the property is a good investment....
 
What are inclusions and exclusions?
Exclusions and inclusions are the technical terms for those fittings and fixtures that will or will not be sold with the property. The status of fixtures and fittings in a property that is for sale are determined through negotiation between buyer and seller before the contracts are exchanged or the property settled....
 
What is the exchange of contracts?

When both parties have agreed with the terms of the contract for the sale of land, they both sign the contract and the buyer pays a deposit to the seller....

What is a pre-purchase inspection?
A pre-purchase inspection is an exercise in 'due diligence', ensuring that the investment the buyer is making is a sound one.  These inspections are carried out by a qualified building inspector who prepares a report on the structural integrity of the property in question....

What is Settlement?
This is the day upon which the sale is made final.  That is, the process of conveyancing is completed and the buyer is able to take possession of the purchased property....

Can the buyer or seller rescind on the contract?
The legality of a rescission of the contract by either the buyer or the seller is based in both State Conveyancing legislation and the common law of contract....

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