Posts Tagged ‘Property Contract’

Disclosure is Critical!

When that pivotal moment arrives and it is time to sign the contract, as a seller you need to be aware of the failure to disclose a statutory or unregistered encumbrance on the contract, can lead to lawful termination of the contract by the buyer.

Many contracts for the sale of land in Queensland place upon the seller of the land an onus to disclose to the buyer not just any … Read the full post »

Just 5 Weeks Until Christmas EVE!

Yes, everyone with just five weeks until Christmas, you can officially start getting excited…have you put your tree up yet?  What about the Christmas lights?  Or are you going to be more low-key this year?  However, you are going to celebrate it – we are sure you are starting in some way to prepare – and so are we.

One of the ways we are preparing is to remind our clients … Read the full post »

Change of Name on Property Contracts

There are occasions when after a contract is executed, the buyer wishes to change the name; for example – the buyer decides they now want to purchase in the name of a company or trust instead of an individual, or the buyer wants to remove or add the name of a spouse or partner.

Reasons for this are varied and can be driven by professional advice from an accountant or solicitor, … Read the full post »

Importance of Disclosure

Many years ago when a contract was prepared it was up to the buyer to execute due diligence and carry out relevant searches and enquiries to assess whether there were any issues with the property; the onus was on the buyer, known as a caveat emptor – ‘let the buyer beware.’

Thankfully, we now have much greater emphasis on protection for the buyer, particularly in the residential property market; there are … Read the full post »

Natural Disasters and Sales Contracts

Given the recent bush fire emergency just north of us at Peregian, and with fire threats still remaining strong in these dry, dusty hot conditions; it is worth as purchaser, and an owner, knowing what would happen in the event of a natural disaster, such as fire or flood when there is a contract of sale over a property.

Information below, sourced from the Real Estate Institute of Queensland (REIQ) reports:

A … Read the full post »

Buyers Beware! Disclosure & Due Diligence

When you’ve made the decision to purchase a property, whether it be to live in yourself, or to rent out, there are many things to consider including finance, location, and of course, future resale viability. One of the areas that can sometimes become problematic can occur when something that could impact on the buyer’s decision to purchase a property has not been … Read the full post »

Conveyancing: The Facts

Anyone partaking in a property transaction most likely have had to deal with a Conveyancer.

A Conveyancer is the person who oversees and manages the actual sale transaction; their role differs from state to state, but essentially, they are involved in preparing and/or reviewing the sales contract and other legal documents involved in buying or selling a property.

You can select the Conveyancer of your choice prior to buying or selling; it’s … Read the full post »