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If you know that there is a tenant living in the property, then you should check the contract to ensure that you have been provided with a copy of the tenancy agreement. Depending on what you are intending to do with the property, you will need to ask different questions of the tenancy. Purchasing to […]

Searches or property searches are a series of certificates that your conveyancing lawyer can order for you to verify information disclosed to you by the seller, or to obtain further information that is not required by the seller to disclose. These searches are necessary to complete your due diligence of the property. The same “searches” […]

A title search is an extract of information from Land Use Victoria on any real property. The title search will contain information on who the owner is, when it was last transferred, title reference details, restriction details, transactions on the property within the last 120 days, etc. The title search is an important search because […]

The deposit is an amount that is used as security for the seller, hence it is always in the seller’s best interest to ask for a larger amount, whereas the buyer may not want to put too much down upfront. Strictly speaking it is something that is up for negotiation between the parties. However, it […]

The deposit is the down payment that you make when you first sign a contract to show that you are genuine about purchasing the property. It is the seller’s security that if you do not complete the contract on time by settlement date, that they can take steps to claim your deposit. Hence, before you […]

A section 32 is a document that the seller must provide all their prospective buyers, detailing information about the property as required by legislation. Therefore, it is also known as the vendor’s statement. The section 32 comes in two parts, the part that is completed and signed by the seller, and the second part is […]

Many people tend to ask the question “Is my Contract okay?” or “Is there something I should be aware about with my Contract?”. The answers to those questions are not very simple, even for the most basic Contracts. In many States there are standard form Contract templates which provide for standard terms for your conveyance, […]

When selling residential property in Queensland you are required to install smoke alarms throughout the property in compliance with the law. Failing to do so can result in financial penalty to yourself after settlement is completed. Smoke alarm specifications As from 2022, smoke alarms in residential properties being sold or leased must have the following: […]

Are you buying a unit or an apartment in Queensland and need to know what precautionary measures you should take, like what you should investigate about the property? Reviewed and verified by our longtime solicitors, this article provides helpful information on what property investigations or certificates you should order to ensure the property is good […]

Buying property in Queensland differs from some Australian states as almost all property investigations should be done by you rather than the seller. Property investigations include searches or inspections of the property you are looking to purchase.  Searches are informational certificates with details about the property's features, regular costs (e.g. rates and water costs) and […]