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.
Sometimes a Will can specify that a nominated person has the right to live in a property until their death. This is termed giving a “Life Estate” but is sometimes called a “life interest” or “life tenancy”. Also relevant is what’s called a “Remainder Expectant” title which is the party to be the proprietor of … Continued
For many Australians, superannuation benefits can be one of our most significant assets. While we all consider our super to be our own, you may not be aware that super is technically separate to your estate and will not necessarily be distributed according to the terms of your Will. This is because it is held … Continued
Navigating the intricate landscape of property transactions requires a steady hand and expert guidance. This guide aims to empower you with the essential knowledge needed to pose the right questions when choosing your conveyancer. Making informed inquiries can ensure a safe and smooth journey towards property ownership. Your conveyancer should have your back, be knowledgeable … Continued
If you are an executor tasked with selling a property in a deceased estate in South Australia, understanding some key concepts can empower you to take considered action with confidence. You should avoid rushing to sell before your legal ducks are in a row. Here are some essential things you need to know before you … Continued
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