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Selling a property privately to someone you already know, whether a family member or a friend, is becoming an increasingly common choice for property owners who want to manage the transfer efficiently and keep costs down. In many situations, these private property sales can proceed without a real estate agent, which avoids...
Read moreWhen buying or selling real estate, the Contract of Sale isn’t always unconditional. Many contracts include ‘subject to’ clauses which outline certain special conditions that must be satisfied before the contract becomes unconditional, or unable to be set aside. These clauses (also called special conditions) protect vendors...
Read moreBuying or selling a property is often one of the biggest financial transactions a person will ever make – so it’s surprising how many people rush through the legal process, unaware of the risks that can arise from seemingly minor oversights. As a lawyer practising in property law, I’ve seen how easily things can go...
Read moreAustralia is experiencing a period of very low rental vacancy rates and rapidly rising rent levels, pushing many young people to enter the housing market. Most of the information currently being promoted to new home buyers is about rising interest rates and mortgage burdens. To break that trend, we thought it might be useful...
Read moreA bit of background… Over the past few years various state governments have finally changed laws to allow for electronic conveyancing, meaning transfers of ownership and other dealings with land such as mortgages and leases can be performed by electronic means and without paper documents. As part of this process paper certificates...
Read moreYou’re excited. You’ve signed a contract to purchase a new home and have finally agreed on a purchase price. You approach a solicitor to handle the transaction and WHAM… they tell you about stamp duty. Stamp duty is not a fun topic. The government calculates stamp duty using an ad valorem rate which means the duty is calculated...
Read moreIf you are buying or selling land then you are involved in a “conveyancing” exercise, which recently became significantly more complex when the Lands Titles Office (LTO) introduced its “Verification of Identity Policy”, writes TGB’s Conveyancing & Property Law team. Prior to that, the signature of a party to...
Read moreTGB Lawyers’ Adelaide Conveyancing & Property Law team writes about the first stage of major changes to conveyancing practices in South Australia. For many years there has been pressure around Australia for a move to “electronic conveyancing”, ie. the facility to electronically lodge documents at land registries....
Read moreTGB’s Conveyancing & Property law team answers common legal questions asked by first home buyers and people new to the property market. We have found our perfect home but are not sure if we have enough finance to purchase it. Can we sign a contract? This situation is not unusual. Most first home buyers will have...
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