If you are buying a residential property in Queensland, conducting searches is an essential step to ensure you are well informed as to the condition of the property. Seller’s disclosure obligations The seller has statutory obligations to disclose certain information...
Property Insurance When buying a residential property one of the very first things you should do after signing a contract of sale is to take out property insurance. Why now and not at settlement when title passes? Because risk passes immediately! Risk Under the...
Unlike most other States, Victoria does not have a stand-alone piece of legislation governing land lease communities and caravan parks. Instead, the Residential Tenancies Act 1997 (VIC) (RTA) provides the legislative framework for all residential tenancy arrangements...
The standard REIQ contract in QLD includes various “seller warranties”. These are statements made by a seller to a buyer about a property. If these statements are wrong the buyer may be entitled to terminate the contract or claim against the seller for breach. What is...
In QLD, the standard REIQ contract used for buying a residential property allows for a cooling off period of 5 business days. This means that if you a sign a contract but no longer want to proceed with the purchase, you can cancel the contract during the cooling-off...
“E-conveyancing” refers to a conveyancing transaction where lawyers have elected to settle electronically, from computer desktop to desktop through the electronic platform provided by Property Exchange Australia Limited (PEXA). It is now available in Victoria, New...
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