It’s important to understand the actions required and the implications of Foreign Resident Capital Gains Withholding if you are selling real estate in Australia. Initially, Foreign Resident Capital Gains Withholding only applied to real property transactions contracted at over $2 million dollars and so it affected relatively few transactions in South Australia. With the lowering … Continued
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.
Frequently asked questions
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
• Asset Protection and Estate Planning
• Hospitality & Licensing
• Aged Care and Retirement
• Renewable Projects
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.
A home insurance cover note is a form of temporary insurance. Cover notes used to be common and were offered by most insurance companies when you applied for a home insurance policy. The cover note meant that you were covered by this temporary policy until you were issued with a full policy by the insurer. … Continued
Buying a property house is a concept that most people are familiar with, and it’s an exciting time that can be relatively straightforward. However, when you want to transfer property to a spouse, it can be a little more complicated. With over 40 years experience in conveyancing, there is nothing our team of experts haven’t … Continued
Finding the house of your dreams is not easy, and once you have set your eyes on buying a property you might be wondering – ‘should i get a building and pest inspection’?. It’s tempting to jump in and seize the deal forgetting some of your due diligence. If you’re buying an existing home, you … Continued