Did you know that a deposit paid to purchase property could be released early before settlement? Usually you will hear the term Section 27 used by real estate agents and conveyancers. It allows for the vendor, in certain circumstances, to get early access to the deposit monies before settlement. Why is a Deposit Required? Deposit funds […]

Are you looking at buying owner occupied or investment property in Victoria? It is essential you are aware of your rights and obligations when making an unconditional offer. Are you looking at potentially selling property? It is just as important to know how unconditional contracts can impact you as a vendor. The risk of making […]

Verification of identity (VOI) requirements in property settlements When you are buying, selling or transferring property in Victoria you will need to have your identity verified by your legal representative. The verification of identity requirement form part of the transition to the electronic conveyancing system. Verification of identity reduces the risk of identity fraud and […]

What are statement of adjustments? Towards the end of the conveyancing transaction statement of adjustments are prepared to ascertain the balance of the purchase price payable to the vendor and to adjust for outgoings such as council rates, water rates and owners corporation fees. In individual circumstances it may also be required that adjustments occur […]

What is the sale of real estate nomination form? Did you know that there are circumstances where the purchaser can nominate an alternative individual or entity to take ownership of the property. This can be a family member, friend or company who then becomes the nominated purchaser. When would a contract purchaser nominate? A property […]

Stamp duty on breakdown of relationship Separation can be an extremely emotional time, it can be difficult to think about all the small details involved when transferring property from former partners. At Haitch Legal, we have extensive experience in property law and and can assist you with all your property transactions. When does the stamp […]

Licence Agreements in Victoria – Everything you need to know. Have you purchased a new residential or commercial property but don’t want to wait until settlement to move in? Or have you sold your property but have concerns you won’t be ready to move out by the settlement date?…Keep reading! What are licence agreements? A […]

In Victoria, when you buy or sell a property, you will need a legal contract known as the Contract of Sale. This contract depicts the particulars of sale and ensures that both parties are clear about their obligations. It is usually prepared by a legal practitioner or conveyancer and both the purchaser (buyer) and vendor […]

Owning your own home is every Australian’s dream. Unfortunately, as you probably already know, it’s a very expensive dream. Luckily, the Victorian government offers a number of tax exemptions for homeowners, including the principal place of residence exemption for land tax. Your principal place of residence (PPR) — that is, the place where you live […]

Victorian HomeBuilder applications must have been submitted by midnight 14 April 2021. Supporting documents can be uploaded after this date as needed; however, the main application must be lodged. Many Victorians have struggled as a result of COVID-19. The government is doing its part to help get things back on track, with a significant initiative […]