Understanding Heads of Agreement in conveyancing
Understanding Heads of Agreement in conveyancing A “Heads of Agreement” is a document frequently utilised in pre-contractual negotiations, serving as a framework outlining proposed terms between parties. It can be used in various scenarios, such as business purchases, lease agreements, property purchases and other commercial dealings. It may also be referred to as a […]
Understanding the dynamics of a Warrant of Seizure and Sale in conveyancing: a comprehensive exploration
Understanding the dynamics of a Warrant of Seizure and Sale in conveyancing: a comprehensive exploration The issuance of a Warrant of Seizure and Sale represents a pivotal juncture in debt recovery, particularly when a creditor is aware of your ownership of land. This legal instrument serves as a potent mechanism, compelling the sale of […]
Severing a joint tenancy: a case update on Whitty v Talia
Severing a joint tenancy: a case update on Whitty v Talia Severing a joint tenancy is a complex legal issue that often arises when one of the joint owners passes away. Whitty v Talia [2023] VSCA 246, a recent case in the Court of Appeal, offers a significant update on the intricacies of severing a […]
Prohibition on adjustment for land tax: a game changer in Victorian property transactions
Prohibition on adjustment for land tax: a game changer in Victorian property transactions In a bid to streamline property transactions and enhance transparency, the State of Victoria is set to implement significant changes in its taxation laws. Among these changes, a noteworthy development is the prohibition on adjustment for land tax and existing windfall gains […]
Survivorship application in Victoria: secure your property after a death
Understanding survivorship application in Victoria: a comprehensive guide If you are a joint property owner in Victoria, whether it’s a house, bank account, or any other assets, it’s essential to grasp the concept of survivorship application. In the unfortunate event of a joint tenant’s passing, such an application becomes crucial. This blog post will delve […]
Unlocking homeownership with the Victorian Homebuyer Fund
Unlocking homeownership with the Victorian Homebuyer Fund The Victorian Homebuyer Fund: it’s a game-changer in the world of homeownership. This innovative program is set to empower thousands of Victorians to realise their dream of owning a home. If you’re eager to step into the realm of homeownership but facing the challenge of a limited deposit, […]
Introduction to property caveat removal in Victoria
Introduction to caveat removal in Victoria Caveat removal in Victoria is a crucial process that property owners must understand thoroughly. Property caveats serve as cautionary notices, signaling to potential buyers and to the rest of the world that a third party, known as the caveator, may have an interests in the property. Knowing how to […]
The different types of conveyancing services
The different types of conveyancing services When you’re buying or selling a property, you’ll need to use a conveyancer to handle the legal paperwork. But what are the different types of conveyancing services available, and which one is right for you? In this article, we’ll take a look at the different types of conveyancing services, […]
Victoria to abolish stamp duty on commercial property: what you need to know
Victoria to abolish stamp duty on commercial property: what you need to know The Victorian Government has announced plans to abolish stamp duty on commercial property from July 1, 2024. This is a major reform that is expected to boost economic growth and encourage investment in the state. Under the new system, purchasers of commercial […]
What is a terms contract and how to avoid it?
What is a terms contract and how to avoid it? A terms contract is a type of contract for the sale of land where the purchaser is obliged to make two or more payments to the vendor other than a deposit or final payment on completion. This means that the purchaser is essentially financing the […]
