Resources

Eyeing a property in New South Wales? Then, remember that one crucial cost to factor in, aside from the property's price, is Stamp Duty. It is a state govt tax that applies to the transfer of properties. Understanding how this affects your property transaction is crucial, especially for first-timers. It will make a real difference [...]

Buying a home, whether you’re upgrading or downsizing, and simply meeting your current requirements is a thrilling endeavour. However, in addition to the price of the target property, there are other expenses, including stamp duty, which is quite expensive. Also referred to as transfer duty, stamp duty is an administrative tax that differs by state. [...]

Steering property transactions can be a tricky and intricate process. However, a professional can ease the process for you by removing potential challenges along the way. That is why consulting a conveyancer when buying or selling a property is so important. Look beyond their fees, and you will understand the advantages of having a professional’s [...]

The contract that is performed between the buyer and seller when there are no clauses which have to be fulfilled by either of the contract parties is termed an unconditional contract. This is why several risks are included in the process, even if the real estate transaction can be achieved through an unconditional contract. Hence, [...]

Many real estate owners in Australia need to learn that easements on property can exist on their land. This means that you need to know that persons are entitled to access and use particular parts of your land or that there are easements that restrict the construction activities you may want to carry out. This [...]

What do you do when you like a property but cannot purchase it right away? Or a potential buyer agrees on a competitive price but cannot get into the contract of sale immediately. These are lucrative opportunities you would like to lock in. For such circumstances, the put-and-call option agreement exists. Whether you are a [...]

You will probably need to hire a conveyancer or a solicitor to assist you in meeting all the legal requirements required in order to transfer ownership from one person to another, whether you are buying a new property or are prepared to sell. This article will explore the most often asked topics regarding conveyancing and [...]

Life is unpredictable; at any point, some unexpected event, be it injury, illness, or your unavailability, might make you incapable of handling your affairs on your own. In such a situation, if another person has not been legally appointed to manage your affairs, it could mean several unnecessary complications for you or your family. That’s [...]

The term "conveyancing" refers to the official procedure of transferring property. Although there were property transfer mechanisms in ancient Roman and Jewish law, it is widely accepted that modern conveyancing originated from English statutes in 1290, which were further refined in 1535. The conveyancing process in NSW can be defined as a legal process of [...]

Owning a property is a dream for all. Yet, we can’t help but feel anxious before investing a significant portion of our hard-earned money into a property, fearing unexpected losses and legal issues. This is where one must consider ‘Title Insurance,’ a safety net that protects a property investment against unforeseen title defects and legal [...]

A cooling-off period is a grace period in New South Wales that enables a party to review the agreement and its accepted obligations and end it at any time. Nevertheless, not all commercial agreements include cooling-off periods and those that do have stringent guidelines. You should become familiar with these guidelines before relying on a [...]

Owning your first home is a fulfilling yet daunting process. From the selection of a proper property and a builder to the accumulation of the necessary finance, it can be exhausting. Thankfully, the NSW government has taken substantial steps to ease the first-home-buying process. Federal policies include grants and concessions that ease first-time buyers' financial [...]

Purchasing a property is a major inve­stment. Understanding legal docume­nts and regulations is vital to safeguarding yourself, your inte­rests, and your investments. This is why understanding what is a caveat on a property is important. What is Property Caveat? Caveats on a property act like a “stop” sign to show someone else besides the owner [...]

Businesses could benefit from the intellectual property of others, but to use it without permission could bring trouble legally. Therefore, a licence agreement is a legal agreement that provides one party (the licensee) the right to use the intellectual property of the further party (the licensor) under certain conditions. Intellectual property includes original creations or [...]

Navigating the legal and economic necessities of real estate transactions can be complex, especially with the critical Section 27 Statement. Understanding the motive and implications of this record is crucial for both buyers and sellers. In this guide, we will discover: What is Section 27? Serving a Section 27 Statement Reasons for Issuing a Section [...]

Land use planning and development can be complex, with various stakeholders and competing interests. The section 173 agreement is legally binding between land management authorities and landowners and provides a flexible way of dealing with planning challenges. In this topic, we will examine how the objective utilitarian principles of section 173 are relevant to land [...]

When it comes to property transactions in Australia, many of us remain unassertive of the roles and responsibilities of a conveyancer when comparing conveyancer vs solicitor. The lack of insight can cause confusion and even complications when buying, selling, or transferring a property. Failing to choose the right legal expert at the proper time can [...]

Quick summary: The contract of sale is an essential legal document in any property transaction, but processing it could be a little confusing and a cumbersome process. Failing to understand your rights and obligations under the contract can leave you vulnerable to expected issues, delays and potential disputes. This guide will walk you through the [...]

If you’re a property owner or plan to purchase a piece of land in Australia, you should know what a Certificate of Title means because after you buy a piece of land, you must prove it is yours. A Certificate of Title is an important document that provides proof of ownership and any other registered [...]

Aspiring homeowners often underestimate the financial complexities involved in owning property after they set out beyond the initial investment and mortgage. The delusion that their well-laid-out savings will provide for everything is dashed when unforeseen expenses emerge. Legal costs, banking costs, and building inspection costs are some of the additional costs involved in buying a [...]

In the complicated context of real estate transactions, the role of a conveyancer is always needed to facilitate a smooth and legally sound property transfer. This blog examines the fundamental question: What does a conveyancer do? A conveyancer is a vital specialist who bridges the gap between purchasers and sellers by handling complex legal issues [...]

Whether you proceed to buy a property or sell one, there can be multiple inhibitions storming your mind. Is the property as great as it looks? Does it have a mortgage? Are there any other kinds of financial liabilities with the place? Is the buyer genuine? Will they back off after some time? These can [...]