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INCORPORATING JAMES NOBLE FAMILY LAW
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – BUYERS PART 4 SETTLEMENT/ POST SETTLEMENT
SETTLEMENT / POST SETTLEMENT – BUYER INTRODUCTION There are essentially four stages that cover the breadth of the conveyancing process: Pre-Contractual; Conditional; Unconditional; and Settlement/Post Settlement . Each of these stages offers its own risks. SETTLEMENT/POST SETTLEMENT The importance of this stage, which covers the settlement process and the following period, is often overlooked and […]
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – BUYERS PART 3 UNCONDITIONAL
The importance of this stage, which occurs after all contractual conditions have been met but prior to settlement, cannot be understated as there is now a binding unconditional contract in place and failure to settle as provided in the contract will expose you to liability.
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – BUYERS PART 2 CONDITIONAL
As a matter of law, this is an example of a “condition precedent” as the condition must be met, unless its failure to be met is excused, before performance under a contract becomes due and before any contractual duty exists.
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – BUYERS PART 1 PRE-CONTRACTUAL
The importance of this stage, which occurs before the signing of contract, is often overlooked with inexperienced property buyers signing the “standard” Real Estate Institute of Queensland (REIQ) contract without reading the document fully.
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – SELLERS PART 4 SETTLEMENT & POST SETTLEMENT
Your solicitor will generally attend settlement on your behalf and will manage all aspects including the exchange of: settlement cheques; releases of security interests (Mortgages and Personal Property Security Register entries); and transfer documentation.
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – PART 3 SELLERS
Unconditional stage means there is now a binding unconditional contract in place and failure to settle as provided in the contract will expose you to liability.
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – Part 2 Sellers
The importance of the conditional stage (which occurs after the signing of the contract but before the contract becomes unconditional) cannot be overlooked as it is during this stage that the buyer under a contract can elect not to proceed with a purchase, usually without penalty, so long as they can demonstrate that a condition of the contract has not been met.
THE FOUR STAGES OF A CONVEYANCING TRANSACTION – Part 1 Sellers
PRE-CONTRACTUAL STAGE – SELLER INTRODUCTION There are essentially four stages that cover the conveyancing process: Pre-Contractual; Conditional; Unconditional; and Settlement/Post Settlement. Each of these stages offers its own risks. PRE-CONTRACTUAL STAGE The importance of this stage, which occurs before the signing of a contract, is often overlooked with clients signing the “standard” Real Estate Institute […]
Urgent Reminder: Queensland’s First Home Owners’ Grant – Don’t Miss It!
The First Home Owner’s Grant, an initiative from the Queensland Government, could help you to buy your first home sooner, however, you need to act now if you want to take advantage of it.
The hidden costs of property investment that nobody talks about
Are you considering investing your money into an investment property and becoming a property investor? If yes, you need to know what costs are involved and how to establish the best ownership structure for your asset. As many newcomers find out – it is not always a simple process to make an investment, especially in […]
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