Compass Lawyers & Associates

Home Who we are Areas of Practice Our Fees Resources Market Updates Contact Us

Compass Lawyers 30-January-2013

We are located in this office tower.

sovereign_2.jpg

Read more...
 

Selling property process

Pre-Contract
Prepares draft contract and orders prescribed documents(*)
Prescribed documents:
> title: identity check (Passport, Citizenship cert or driving licence)
> zoning cert. (s149),
> draining and sewerage diagram and
> an identification survey (can rely a recent survey (2 year), if any)
Statutory terms
> the consequence of breaching implied statutory conditions or warranties
Agent lists the property for sale with copy of contract in his possession
Agent issues Sales Advice to solicitor
Solicitor negotiates terms of contract and prepares two, identical, counterpart contracts incorporating agreed terms of the sale
Request s66W certificate, if required

Exchange
Executed contracts are exchanged

Post Exchange/Pre-Settlement
Arrange discharge of mortgage, if any
Order s109 certificate for strata scheme (for apartments)
Reply requisitions
Execute transfer
Confirm settlement figures and provide direction to pay
Organize settlement: place, date, and time; inform purchaser's solicitor

Settlement
Hand over documents to purchaser: direction to pay, certificate of title and discharge of mortgage (properly executed)

Post-Settlement
Lodgement of documents
registration

(*) in accordance with the relevant Conveyancing Act and Regulation.


Legal Notices: Privacy & Disclaimer

©Compass Lawyers & Associates 2012 ABN 93 297 949 908