To help you navigate the world of conveyancing, Eckermann Conveyancers are constantly monitoring changes to legislation, technology and the conveyancing sector in general, to ensure you are getting the most relevant and efficient service possible.
Recently Commonwealth reporting requirements were introduced by the ATO for Conveyancers & Legal Practitioners to report Data for every property transaction. The ATO proposes to use this data for information-matching and ensuring compliance with the taxation laws of the Commonwealth.
This guide has been created for clients considering using Eckermann Conveyancers and for real estate agents in South Australia. It is updated annually.
Being a first home buyer can be a stressful time and there is a lot to think about, especially since it’s not something you do every day, so it’s perfectly understandable that you will require pre contract advice and hand holding. You can rely on our efficient service all the time.
From 1 July 2018, a purchaser of ‘new residential premises’ or ‘potential residential land’ (i.e. new subdivided land) is required to withhold and remit the GST component payable directly to the ATO at settlement; not the developer (vendor) who had previously done so.
The State Government makes a number of calculators available for public use.
Title Insurance can mitigate a number of risks associated with purchasing a property including (but not limited to) illegal building work, survey/boundary defects and outstanding rates and taxes.
The following useful terms aim to provide you with a simple and clear explanation of what some of the common conveyancing terms mean.
In legal terms, Conveyancing is the transfer of Real Property. It is where the rights, title and interest in land are transferred from one legal entity to another.
Conveyancing is the legal process of transferring the ownership (the rights, title and interest) of Real Estate Property from one legal entity to another. A conveyancer is required for both sides of a real estate transaction – buying and selling
At Eckermanns, we have the knowledge, systems and expertise that you’ll need as you prepare for the official transfer of your new place into your own name. We deal with Residential, Commercial, Leasing, Subdivisions, Family transfers, Deceased Estates and more. We keep you updated throughout the journey from the start until finish, liaising with all parties to ensure that everything happens as planned.
Eckermann Lawyers is an Adelaide-based boutique law firm renowned for providing service excellence across practice areas including:
• General Commercial
• Commerical Property
• Agribusiness
• Estate planning including, Wills, Advance Care Directives, Powers of Attorney, Contested Wills & Estate Disputes
• Hospitality & Licensing
• Franchising
In South Australia, it is a legal requirement (under Section 7 of the Land and Business (Sale and Conveyancing) Act 1994) when selling a property to disclose certain particulars relating to the purchaser’s land. This disclosure is called a Vendor’s Statement or Form 1.
Serving a Form 1 to a purchaser will activate the two clear business day cooling-off period when it is possible for purchaser to change their mind and “cool-off” on the contract in writing.
When buying at auction where there is no cooling off period. The Form 1 is required to be available for viewing for at least three working days prior to the day of the auction at the office of the real estate agency conducting the sale. The Form 1 must also be on display for 30 minutes prior to the start of the auction. It is a lengthy document and we recommend you ask your conveyancer to review the Form 1 for you.
Transferring property from a parent to a child or family member encompasses several legal, financial, and tax considerations. There are various types of property transfer and the actual property transfer process can be motivated by various intentions and situations, including estate planning and distribution, financial assistance, or simply a parental gesture of goodwill. Unlike transfer … Continued
An Advance Care Directive is a legal form by which you appoint people to assist you if you are unable to make decisions about your own health care. On 1 March 2024, the Government of South Australia introduced an updated Advance Care Directive (“ACD”) form with a fresh new look and a few updates. So, … Continued
An Advance Care Directive is a legal form by which you appoint people to assist you if you are unable to make decisions about your own health care. On 1 March 2024, the Government of South Australia introduced an updated Advance Care Directive (“ACD”) form with a fresh new look and a few updates. So, … Continued
Property transfer is a critical aspect in real estate transactions and involves the legal process to transfer property ownership rights from one entity to another. This can occur under various circumstances and for multiple reasons, each with its unique legal and financial implications. In South Australia, the process of transferring property is governed by specific … Continued
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