Buying a property is a huge commitment and nothing tests the nerves more than bidding at an auction.
Why You Should Use a Lawyer for your Conveyancing:
For most people, buying or selling a home is the most expensive transaction that they will ever conduct and as such they really need someone who has their best interests at heart. There are many parties involved – vendor, purchaser, banks, brokers, real estate agents – on both sides – all looking at this transaction through their own lenses, driven by their own agendas.
Co-Ownership of Property – The Elements of a Joint Tenancy:
Co-ownership refers to the legal relationship shared by two or more people over an interest in property. In Queensland co-owners are registered as either Joint Tenants or Tenants in Common. It’s important to have a basic understanding as each of these principles of ownership when purchasing property with another person, as during the conveyancing process your lawyer will need to specify on the transfer how ownership of the property is to be distributed between each owner.
Contract Conditions – Finance Applications:
Property Searches – What are They?
After you sign a contract of sale for the purchase of a property, one of your first tasks will be to find a property lawyer to manage the conveyancing process for you. When you’re ringing around various law firms to get a quote on this conveyancing you will often hear the term ‘searches’; but what are these searches?
Land Tax Search – Liability for Payment:
When you purchase a property in Queensland, as part of the conveyancing process your lawyer will undertake a land tax search of the property to ensure there is no outstanding land tax that remains unpaid by the seller.
Telco Search – Buyer Beware of Underground Cables:
Buying a Property - The Payment of Transfer Duty:
Deciding to enter the property market and purchase a property is a big decision and one that does carry with it quite a few upfront costs. One of these costs that is often overlooked by buyers is transfer duty, which is a taxed imposed by the Queensland Government on the transfer of property.
