The importance of property insurance for buyers during the purchasing process
When a buyer signs an REIQ contract to purchase a property in Queensland, clause 8.1 of the contract provides that the property is at the risk of the buyer from 5:00 pm on the first business day after the contract date.
PEXA Key – the secure app to protect your property transaction banking details
The PEXA Key app is primarily designed as a secure way to request and share banking details between clients and their conveyancers/solicitors.
Transfer duty/stamp duty on property transactions Queensland
Transfer duty or stamp duty as it was previously known, is a government tax levied on a number of different transactions. For the purposes of this blog, we will be discussing transfer duty with respect to transferring land or real property (real estate) during the process of property purchase.
Verifying your identity for a PEXA e-conveyancing settlement
PEXA is Australia’s online settlement and lodgment platform for property transactions. Verifying your identity is a fundamental step in the process of conveyancing, including e-conveyancing, to avoid any fraudulent property transactions. Hall Payne Lawyers provide secure and simple options for verifying your identity.
What is PEXA?
PEXA (Property Exchange Australia) is an online settlement and lodgment platform used by about 10,000 lawyers, conveyancers and financial institutions to lodge and settle property settlements. Hall Payne Lawyers have recently subscribed to PEXA to offer our clients more security, flexibility and certainty in their conveyancing matters.
Conveyancing - special conditions for residential contracts
When purchasing residential property in Queensland, there is a standard REIQ (Real Estate Institute Queensland) contract used. There is also an option for ‘special conditions’ to be added to that contract.
Buying a new property? What you need to know about building and pest inspections
A Building & Pest condition protects your property investment. which will identify hidden issues with any property such as, internal leaks, termite infestation, structural damage, faulty roofs, and so forth.