First Home Owner Benefits The First Home Owner Grant was scaled back a couple of years ago, to be just $10,000 for a first home owner buying a new home under the value of $750,000. This will be doubling from 1 July 2017 for new homes in regional Victoria, for first home owners, from $10,000 […]
Solicitors are the Best for Conveyancing by Leanne Certainly, selling or buying a property is a big event, property is generally the most significant asset most people have. Using a lawyer for conveyancing gives confidence, security and peace of mind. A lawyer, unlike a conveyancer working for themselves, can guide and resolve any legal issues […]
Repairs and Maintenance Lease Series 4 of 4 As most would know, the requirements on the landlord to maintain a premises depends on whether the premises is a residential premises, a retail premises under the Retail Leases Act, or a commercial premises. Landlords bear all the obligations under a residential lease to keep the premises […]
Notices To Renew Lease Series: Three of Four There is s hidden trap in the Retail Leases Act that landlords should be aware of: make sure you give your tenants notice in writing of the last date they can exercise their option to renew. Most landlords miss this requirement, and even some managing agents miss […]
What Are Retail Leases? Leases Series: Two of Four For those you have commercial or industrial properties that you lease out, or if you are a tenant leasing a commercial or industrial property, you might be interested to know that the Retail Leases Act and all its additional benefits may apply to you after all. […]
AirBnB Leases Series: Part One of Four You will have had to be living under a rock not to have heard of a few of the latest USA imports which are disrupting industries. Uber is disrupting the taxi and ride-share industry, and AirBnB is disrupting the holiday rental and hotel industries. AirBnB is an easy […]
What is Title Insurance? by Jacqui Brauman Title insurance is a relatively new concept, and something that I only came across in the last 4 years. I have adopted it into my practice in the last two years, and offer it to clients as an extra protection. It also offers me some cover, because if […]
Verification of ID by Jacqui Brauman There are some big changes coming through for the process of conveyancing. They have been in the making for a couple of years, and are now of the verge of implementation – national electronic conveyancing. This will affect anyone buying, selling or transferring property. As part of the electronic […]
Stamp Duty on Land Transfers All transfers of land, including gifts, attract stamp duty. Stamp duty is calculated on the greater of the price paid (consideration) or the market value. Water entitlements sold with land are non-dutiable, so stamp duty does not apply to water. There are exemptions and concessions on the payment of stamp […]
Vendor Finance – Buy Without A Bank What is it and why use it? If you want to buy real estate or a business and you cannot get a loan for the full amount through a bank, you would approach the vendor to finance part or all of the purchaser. So long as the vendor […]
New Requirements for Vendor Statements by Jacqui Brauman Yet another amendment to section 32 of the Sale of Land Act has been introduced and is due to commence on 1 October 2014. This section requires vendors to provide a vendor statement to prospective purchasers before they sign a contract. For solicitors, it is a total […]
8 Tips to Buying Real Estate by Jacqui Brauman It may be your first time buying a property, or you may have done it before but not taken much personal responsibility for the process. But now, you want to be more in control, have more certainty, and not be at the mercy of other people. […]
The person youâ€™re negotiating with to buy it from you doesnâ€™t have enough money to pay you what you want, try vendor finance.
But what are the reasons why I recommend this when someone is considering a solicitor or conveyancer, and what are the primary differences in the service provided?