The Conveyancing Process (Vendor)
We understand the key objective of our Vendor clients – to achieve a binding sale that proceeds to settle on the due date! Here are the key steps involved in acting for a Vendor:
- Step 1: Vendor’s instructions – Obtain the necessary information from the Vendor to enable the sale documents to be prepared.
- Step 2: Prepare Contract and s32 – Order the certificates required to prepare the vendor’s statement, carefully review the information in those certificates and prepare the contract of sale and vendor’s statement.
- Step 3: Negotiation and Execution – Assist the Vendor in negotiating amendments to the sale documents, ensure proper execution of the sale documents by the Purchaser and payment of the deposit by the Purchaser in accordance with the terms of the contract of sale and then arrange for execution by the Vendor.
- Step 4: Settlement Process – Serve a deposit release statement (if possible), review and approve adjustments, prepare and arrange for the signing of all documents required to effect the transfer of the property and attend settlement / arrange settlement on PEXA.
The Conveyancing Process (Purchaser)
We understand the key objective of our Purchaser clients – to ensure that they know and understand all information about the property so they can make an informed decision to purchase the property! Here are the key steps involved in acting for a Purchaser:
- Step 1: Review Contract – Carefully review the contract and vendor’s statement and provide advice to the Purchaser on any conditions requiring modification, unusual provisions or encumbrances or missing information/certificates.
- Step 2: Negotiate Amendments – Assist the Purchaser in negotiating any amendments to the sale documents.
- Step 3: Sign Contract and Pay Deposit – Arrange for execution of the sale documents by the Purchaser and payment of the deposit. Then ensure for proper execution of the sale documents by the Vendor.
- Step 4: Settlement Process – Prepare adjustments, prepare and arrange for the signing of all documents required to effect the transfer of the property, instruct the Purchaser to undertake its final inspection and attend settlement / arrange settlement on PEXA.
Why choose Kalus Kenny Intelex Lawyers?
The broad skill set and depth of experience of the lawyers in the KKI Property team is a unique offering. At any one time, any of our Property lawyers can assist with any of our offered legal services. This enables us to operate dynamically to provide quick and succinct legal advice without needing to refer questions out to other team members.
Experience is the difference.
Our Property Law Team
Our Latest Insights
It is probably fair to say that a lot of people who have heard of these two phrases think they are the same thing. However, that is not the case. While both concepts exist under the Australian Consumer Law (ACL), they are distinct and operate independently from each...
There has been plenty of commentary and speculation about casualties of Covid – “The Great Resignation” and then “The Great Separation” - relationship breakdowns triggered by the stresses imposed by Covid, whether it be the lockdowns, financial stress, home schooling...
The Commercial Tenancy Relief Scheme (CTRS) came into effect on 28 July 2021 and was due to expire on 15 January 2022. It offered rental relief to qualifying businesses that had suffered a decline in turnover of at least 30%. In response to the recent spike of...