Lead Legal Services Pty Ltd (ABN 86 640 514 558)
Proud to be a registered conveyancing law firm.
We found Kristy to be professional, capable and friendly. She made the daunting process of property purchase logical with her easy to understand process procedure. She also helped us avoid a cyber fraud, we will always be in her debt! Thank you Kristy!
Kristy at LEADCONVEYANCING is simply amazing. She was on top of every step of the process and gave us great confidence that our matters were in the safest of hands. I would HIGHLY recommend LEADCONVEYANCING and Kristy in particular.
Lead were very helpful in getting me into my first home. They did all the work and guided me with expert advice. Settlement was a breeze.
Unit 7, Level 1/3972 Pacific Hwy
Loganholme QLD 4129
07 3088 8016
|LEAD CONVEYANCING LOGAN
|LEAD LEGAL SERVICES PTY LTD
|86 640 514 558
|8:00 am - 8:00 pm
|8:00 am - 8:00 pm
|8:00 am - 8:00 pm
|8:00 am - 8:00 pm
|8:00 am - 8:00 pm
Pre-approval means you have passed a banks initial checks for finance and as long as your contract, the valuation and any other matters the bank considers come through as intended you should be able to obtain an unconditional finance approval. It is important that you do not rely on a pre-approval of a loan for finance and still make the contract subject to finance approval where possible.
Transfer duty or stamp duty concessions only apply to purchases of a First Home or Home by an individual. If you are purchasing as an investment property you will have to pay transfer duty at the full dutiable rate.
A Community Management Statement (‘CMS’) is a statement lodged on the title of all Body Corporate properties which details the contribution and interest entitlements for each lot, the exclusive use areas of each lot and the Body Corporate bylaws. You should always do a search of a CMS before purchasing a property to make sure you understand your rights and obligations in relation to the lot you are purchasing.
A Building Management Statement (‘BMS’) is a document lodged on the title of lots where there is an agreement between two or more lot owners to provide reciprocal rights for utility services, access, support, shelter and insurance arrangements. When a BMS is registered on the title of a property you are purchasing you should always conduct a search of it as there may be ongoing costs you have to pay under the BMS.
To find out if a property is the subject of a court order you would need to do a search of the sellers name on the court registry. The seller is required to disclose any court proceedings that affect the lot however where this hasn’t been done the purchaser may have rights to terminate the contract. If you are unsure if a court order affects the lot you should always instruct your lawyer or property solicitor to undertake the search for you.
The seller is not required to find you a tenant or allow you access to find a tenant unless the contract is made subject to this. You should speak to a lawyer before you sign the contract to obtain the wording of a special condition that binds the parties accordingly. Where the purchaser is to advertise for a tenant before settlement, the tenant should only move in once settlement is affected. Also, the purchaser should make sure they have insurance coverage to protect the property while it is advertised. If the seller is to find a tenant for the purchaser the purchaser should make sure the clause does not require them to accept any tenant the seller finds before settlement, particularly if they would be unsuitable.
It is a requirement that all properties in Queensland with a pool should have a current pool safety certificate. When a seller sells a property with a pool they need to advise if the property has a current pool safety certificate or provide a ‘Notice of No Pool Safety Certificate’. Where there is no pool safety certificate you may have a right to conduct a pool safety inspection at your own cost and if you cannot obtain the certificate yourself then you may have the right to terminate the contract. You can also have a special condition inserted into the contract to require the seller to obtain a pool safety certificate before settlement / conveyancing. Regardless of what happens before settlement the purchaser will have an obligation to make sure the pool has a current pool safety certificate by no later than 90 days after the settlement date.
National Rental Affordability Scheme (‘NRAS’) has been set up to help low to moderate income earners to rent property. It will make renting the property more attractive and help low to moderate income earners to rent. You will also find there are tax incentives for you owning an NRAS property. Before you purchase an NRAS property you should speak to your financial adviser or accountant to make sure the investment is right for you. If it is, there will be agreements between yourself and NRAS that you need to sign before settlement and additional lawyer fees for the work. You should check with your lawyer on how much they charge for transacting an NRAS property.
You can purchase a property without doing a visual inspection of the property however once the property settles any defects or issues with the property will be your own to deal with. If you cannot physically inspect a property get someone you know and trust to look at it for you. Where that is also not an option, make sure to book in plenty of inspections including building, pest, electrical and plumbing inspections.
When you sell a property you should cancel your insurance at settlement. In Queensland the purchaser is usually required to obtain insurance on the property from the first business day after the contract date however it is important that you do not rely on this as that insurance may not cover you.
If rent is unpaid at settlement then no adjustment for rent will be done in the settlement figures. Instead the purchaser will be required to chase the tenant for the unpaid rent and reimburse the seller once paid.
There is an exemption for people who own property to transfer a share of the property so they own half of the property equally between them and their spouse after settlement without any transfer duty having to be paid (other than under the Australian Foreign Acquirer Duty). If you are interested you should check with your lawyer as to whether you are eligible. Lodgement fees for the Land Titles Registry would still be payable even with the exemption.
If you do not settle on time then the other party will have a right, from 4pm on the settlement date, to terminate the contract, claim the deposit and sue you for damages. Where you know you cannot settle it is important that you request an extension of settlement as soon as possible to prevent the other party utilising their rights.
A caveat means that a third party has, or intends to, commence legal proceedings against the owner of the property. Any caveats on the property need to be removed before settlement otherwise the purchaser cannot obtain title to the property. Your lawyer or best conveyancer will be able to advise you on this and organise the removal of the caveat before settlement.
The Australian Taxation Office (‘ATO’) requires Goods and Services Tax (‘GST’) payable on a contract to be withheld at settlement and paid directly to them. This is to ensure that GST is paid when required and prevent tax evasion. If you are unsure if GST will apply to your transaction you should speak to your accountant or financial adviser. Where GST does apply your lawyer will organise for the GST amount to be withheld and paid to the ATO at settlement.
A covenant is a restriction on how the property may be used or maintained. They can come in the form of registered covenants on title (usually for requirements in relation to noise, vegetation or animals) or in the form of covenants disclosed in the contract (building covenants or design guidelines). It is always important that you make sure you understand what will be required of you after settlement in relation to any covenants on the property.
When a seller is bankrupt they can no longer sell the property on their own. Instead a trustee for bankruptcy or administrator will be appointed to handle the sellers financial affairs. You will usually need to sign a contract with the trustee for bankruptcy or administrator in order to purchase the property even if the seller previously agreed to sell the property to you. To make sure your purchase contract is valid and binding you should always conduct a bankruptcy search on the seller.
Is it your first time to buy a house? Or are you buying an investment property? Are you selling one of your real estate assets?
These will all require conveyancing. It’s the process of transferring the ownership of a title from one person to another. To get this done, you can choose from the following options. You can:
First off, take note that we are talking about your property here, which is, in most cases, your hard-earned 6-figure investment. A home is generally the largest single investment in a person’s life. You wouldn’t want to mess this up.
Now, let’s drill down to each one of the options, shall we?
If you do it yourself, will you be saving money? Probably...or probably not. Consider the time you have to allot. This will require dedication and attention. You’ll have to complete documents and paperwork as well as adhere to certain dates. If it’s your first time, you might as well not try it. Unless, of course, you’re willing to risk paying huge sums of money in penalties. Again, the risk isn’t worth it.
A conveyancer will be a better option if budget is a concern. They can get it done properly and they know the process. They have a license too. However, when things get complicated, they’re scope is very limited.
Getting a solicitor or property lawyer is your best option. Why? Because a solicitor is better equipped to handle more complex situations and can protect your interest no matter how messy it can be.
LEAD Conveyancing Logan is a team of experienced, well-seasoned property lawyers who have been in the business for years providing exceptional work to every Logan buyer and seller. Check out our client reviews to see what they say.
When you sign up with a utility provider, apart from a good customer experience, what else are you expecting from them? Transparency, right?
At LEAD, we make sure we are upfront with everything - costs, processes, updates. We don’t leave you in the dark and keep you guessing as to what’s going on with your documents. We don’t leave emails unanswered because we understand that giving an update is the same as giving you that peace of mind knowing that things are going as they should be.
And that’s also the reason why we always tell our clients that we still are your LOCAL solicitor.
LEAD has embraced the fast-paced technology of today’s generation. Our process and systems are now completely virtual and can be done just by phone and email. Hence, our slogan - “Conveyancing at your fingertips.” Despite the absence of traditional office appointments, our service still maintains that warmth through what’s called constant communication. Pretty old and simple, right? Still, this is what every customer needs.
If you are...
Just pick up the phone, give us a call, or send us an email. We’ll show you how it should be done - and experienced.
Perhaps you’ll ask - “How come your price is so cheap?”
It’s really surprising to think about it and you may ask yourself, “Am I really getting a quality solicitor at this low price?”
The answer is yes. And here’s how we do it.
And that is why we are somewhere in between getting a conveyancer (very competitive price) and a law firm (legal expertise). You can get it done at a very competitive price but you don’t sacrifice the quality, security, and peace of mind. It’s getting the best of both worlds!
Now you can sleep at night.
As common advice and rule of thumb, here’s how it is defined…
Don’t worry. Gone are the olden days when it would cost a fortune to hire a solicitor. Today, I still always get some clients who would veer off every time I tell them the words, “I’ll assign you to a solicitor. Words like, “Oh no, I don’t want a solicitor.” or, “I don’t need a solicitor” or, “I don’t want to be charged for the call.” are what they would say. That’s because a solicitor or lawyer = money down the drain.
Not anymore! At LEAD Conveyancing Logan, you get a top-notch property lawyer to handle your file for a FIXED professional fee. We don’t charge by the hour. We don’t charge by the call. It’s a FLAT rate.
The ability to hire a cheap conveyancing professional lawyer is now within your reach. Today, you can now say LEAD solicitor = smart conveyancing.
Somewhere down south of the Brisbane metropolitan area, you’ll find Logan City. Loganholme, on the other hand, is one of the 29 suburbs in the City of Logan.
Logan is perfectly located between 3 cities mainly, Brisbane, Ipswich, and the Gold Coast. With an array of facilities such as aquatic centres, golf courses, the Logan Entertainment Centre, and nine public libraries, together with more than 1,100 environmental and recreational parks, the city of Logan is appealing to many as a very liveable location. Offering a wealth of hidden treasures, such as pristine natural bushland and historic landmarks, it is also known to be one of the most diverse cities in Australia due to many local attractions ranging from farmers’ markets to the oldest rum distillery in the country, and new bistro areas being developed. Cinemas, skate parks, and shopping centres are also widespread.
Here are some of the attractions:
As a young city, Logan’s residential properties are predominantly brand new and modern. New estates keep flourishing, providing locals with a wide variety of options for their preferred lifestyle. As for affordability, Logan City has a list of suburbs that fall below the median price of nearby cities like Mackay, Brisbane and Gold Coast. Logan Central, for one, has a current median price of only $320,000. Investment-wise, Logan Central has a median rental return of $320 per week for houses and $270 per week for apartment units based on September 2017 statistics. Records also show properties in Logan Central have been producing a 5.4% rental yield!
When it comes to transport, Logan City has the Queensland Rail’s Beenleigh and Gold Coast railway lines. It was in 2004 that integrated ticketing was introduced through Translink. This has improved access to public transport. Today, TransLink bus routes service most of Logan City’s built-up areas. The city also has a bus operator named Logan City Bus Service which provides transport for places between Brisbane and Gold Coast at Logan City. Most services are based around the Springwood and Loganholme bus stations along the Pacific Motorway, together with Browns Plains bus station further west. Peak hour buses between Brisbane City and Logan City are also being operated.
With city-wide projects currently in place, job opportunities and economic developments are a high priority for Logan City Council. A 2020 employment strategy has been set out that outlines the intention for different employment areas which will provide certainty for investors and entrepreneurs and will help shape future changes. Together with this is a housing strategy developed in the same year to help establish best practice policy options for residential development and future housi