What are Fixtures and Chattels?
Sometimes it can be difficult to understand the difference between fixtures and chattels when you are buying or selling property. This is not always a black and white answer. A fixture is a chattel (good) that is regarded as having become part of the [...]
Tips for selling a business in SA
Tips for selling a Business in SA Building up a business from scratch, or improving a business you bought, is a profound milestone. Selling your Business when you are ready to move on is a great moment! But you don’t want to ruin that [...]
What Happens on Settlement Day?
You have looked for months and finally secured your dream property; you have been to see your Conveyancer and Banker and have the paperwork ready for settlement to occur. Time flies and you are ready for settlement day. What does this mean? What do [...]
Delays in Settlement
A delay in settlement can occur when either a Vendor or Purchaser is not ready to settle on the nominated day. This can be stressful and may cause you to incur expensive penalty interest if you are responsible for the delay. Effective communication between [...]
What is a Form 1?
The Form 1, or Vendors Disclosure Statement, provides certain information relating to the property being sold and provides the cooling off rights. It is a formal statement that is served on the purchaser under Section 7 of the Land and Business (Sale and Conveyancing) [...]
How does Settlement Work?
Strathalbyn Conveyancing are here to assist you in making your settlement as smooth as possible. We understand that buying and selling property is one of the biggest and most important decisions you will make in your life, and we would be honored to be [...]
Introducing 2021
Strathalbyn Conveyancing have been serving the local community for about 30 years and their office has recently expanded due to the strong real estate market. Accordingly, we would like to take this opportunity to introduce the team to you. Nicole Cleggett Nicole Cleggett, Director [...]
The Year that Was…
As 2020 comes to an end, we reflect on the year that was. March felt like it went forever, with lots of adjustments made in a short space of time. Many settlements in April were brought forward due to the proposed uncertainty of people [...]
Conveyancing Duties when acting for a Purchaser
When a Conveyancer is acting for a Purchaser, they are responsible for undertaking all legal work required to transfer the property from the Seller to the Purchaser. Some of the tasks include: searching the title conducting other searches with various Government Departments preparation of [...]
Form 1 Used When Property is Being Sold
The Form 1, or Vendors Disclosure Statement, provides certain information relating to the property being sold and provides the cooling off rights. It is a formal statement that is served on the purchaser under Section 7 of the Land and Business (Sale and Conveyancing) [...]
Conveyancing FAQ’s
What is a Conveyancer? Conveyancing is the process of transferring the ownership of property from one person to another. A Conveyancer is a licensed and qualified professional who can: provide information and advice about the sale or purchase of property prepare legal documentation for [...]
What is the HomeBuilder Grant?
A non-taxable HomeBuilder Grant of $25,000 was announced by the Australian Government on the 4 June 2020 The Grant is available to eligible owner-occupiers (including first home buyers) who build a new home, substantially renovate an existing home or buy an off the plan/new home, [...]
Strathalbyn Conveyancing in 2020
2020 has seen many challenges for a lot of people. Now it is great to see Covid restrictions are beginning to ease, and the community is getting back to business. The Government assistance for small business has been critical in keeping us going and [...]
Settlement
Strathalbyn Conveyancing are here to assist you in making your settlement as smooth as possible. We understand that buying and selling property is one of the biggest and most important decisions you will make in your life and we would be honoured to be [...]
Expanding Criteria for Witnessing Statutory Declarations
The Government has reviewed its requirements for the witnessing of Statutory Declarations in consideration of the current COVID-19 restrictions. The Government has agreed to extend the criteria for witnessing Statutory Declarations so a number of other types of people can witness the document. The [...]
What is Title Insurance?
When making possibly the biggest investment in your life by purchasing a property, your Conveyancer will usually provide you with information regarding your option to purchase Title Insurance. Title Insurance For a one-off premium, Title insurance protects against claims for various “known” and “unknown” [...]
COVID-19 and buying and selling Property
Yes, you can still buy and sell property during the Covid-19 crisis. Real Estate agents are adapting to the changes announced by the Prime Minister in relation to bans on open inspections and auctions as a measure to stop the spread of Covid-19. Many [...]
Transferring property between family: Insights from a Conveyancer.
There are many reasons you might need to transfer property between family members. From divorce to succession plans, to married or defacto relationship transfers, as well as recently separated couples. Transfer of property can include all or part of an ownership of the matrimonial [...]
The Changing landscape of Conveyancing
Over last 5 years, our industry has seen a number of major changes since the adoption of the Torrens Title system in 1858. Torrens Title The Torrens Title is proudly a South Australian invention that revolutionised the method of recording and registering land ownership. [...]
Fencing, Boundary and Encroachment Matters
Fences built between neighbouring properties should be positioned on the property boundary. A property boundary defines the extent of legal ownership of a parcel of land and can only be determined by a licensed surveyor. A fence shouldn’t be relied upon as an accurate [...]
What is an Easement?
An Easement is a right to use part of land belonging to someone else. Easements are usually, but not always, registered on your Certificate of Title. There are 2 types of easements; Private and Public. Private easements are between two private property owners usually [...]
Subdividing Land
How do I subdivide my land? This is a common question that we get from clients. The Process The process of subdividing land can be quite time-consuming, complex and expensive. Subdividing or land division includes the following: The alteration of the boundaries of land, [...]
Proposed Land Tax amendments – Are you ready for a big increase?
As part of the State Budget 2019-20, the Government announced amendments to the Land Tax 1936 Act, subject to the approval by Parliament. The proposed amendments will introduce new land tax aggregation provisions to apply from 30/06/2020. How is land tax calculated? Currently, land [...]
RATES AND TAXES – How are they adjusted at Settlement?
With a new Financial Year upon us, we thought it pertinent to discuss the adjustment of Rates and Taxes as part of a property settlement. This in an important task This task is performed by your Conveyancer when buying or selling property. What adjustments [...]
What a May we had!
Wow! What a May we have had at Strathalbyn Conveyancing. Firstly, after years of study, Karen is now licenced as a Registered Conveyancer. This is an exciting time, as this has culminated in studying all aspects of Conveyancing and legal requirements for the Land [...]
Foreign Ownership Surcharge
Foreign Ownership Surcharge and The ‘Ten Pound Pom’ Dilemma Tuckfields recently had a delayed settlement whereby a purchaser did not realise they were considered a “Foreigner” under the Foreign Ownership Surcharge. This Surcharge came into effect on 01/01/2018. In simplified terms, any ‘foreign person’ [...]
DELAYED SETTLEMENT – Penalties May Apply
Beware – make sure that you have arrangements in place to settle on time. If settlement of the sale of a property does not occur on the contracted settlement date, the defaulting party may incur financial penalties. Most contracts for sale and purchase will [...]
Why do I need a Conveyancer?
Buying or selling property is one of the biggest and most important financial decisions you will make. It can be an exciting time, however, it can also be complex and involve a pile of paperwork. What is Conveyancing? Conveyancing is the process of transferring [...]
Introducing Strathalbyn Conveyancing
Strathalbyn Conveyancing, formerly Chris Rodgers Conveyancing, have provided professional Conveyancing advice to the Strathalbyn area for over 30 years. Our business The business was first opened in 1988 by Chris Rodgers in Albyn Terrace. Soon after they tool over the practice of GW Montgomery [...]
Why Should You Use a Conveyancer for Property Settlement?
When you part with your savings to purchase a property, you need to make a decision about whom you will choose to do your conveyancing. Choosing a specialised conveyancer will not only save you time, it will save you money long term. Expert Knowledge [...]
Buying or Selling Property – Talk to Strathalbyn Conveyancing
The process of buying or selling property in South Australia can be overwhelming. As expert Conveyancers, we work with you to ensure that the transaction goes smoothly. We can draw up contracts for sale, add relevant clauses to your agreement, and ensure that the [...]