How does the cooling off period in real estate work?

Residential contracts of sale include a 3 day cooling off period. It's important to understand what this means and the timeline involved.

ConveyancingBrian Hill2 September 2024O'Farrell Robertson McMahoncooling off, purchaser, vendor, property, real estate, contract of sale, contract conditions

Vacant Land Principal Place of Residence Concession

Purchasing vacant land to build your new home to live in may qualify you for a Stamp Duty concession as long as you meet the required criteria.

ConveyancingLaura Abley26 July 2021O'Farrell Robertson McMahonstamp duty, stamp duty concession, vacant land, purchaser

What happens at a conveyancing "settlement"?

Settlement is a word you’ll hear during the process of setting up to sell or purchase a property. Conveyancing and Property lawyer Laura Abley, explains just what happens when settlement occurs.

ConveyancingLaura Abley31 May 2021O'Farrell Robertson McMahonpexa, contract of sale, settlement

How do I sell or divide jointly owned property if the other owner doesn’t agree?

Joint ownership of land can cause problems when there is disagreement about how the land can be used. One party can force the other to sell or subdivide but only if that is “just and fair” which can be a question for VCAT to resolve.

Conveyancing, Business LitigationLachlan Edwards9 December 2020O'Farrell Robertson McMahonpartition, land transfer

When’s the right time to get your documents ready for selling a property?

Most people contact an agent before they sell their property then have to get a Vendor Statement/Section 32 in order, potentially missing a quick sale. We suggest getting the Vendor Statement is done before you see the agent so that you’re ready to go.

ConveyancingMark O'Farrell9 December 2020O'Farrell Robertson McMahonselling property, residential real estate, real estate, vendor statement, vendor, section 32

Understanding a s173 agreement when purchasing property

Property can have a section 173 agreement where the council limits some aspects of how the property can be used.

ConveyancingLachlan Edwards30 November 2020O'Farrell Robertson McMahonsection 32, section 173

Disclose or not disclose? Material facts when buying a property

Prior to March 2020, the seller of a house did not need to tell the buyer if the house had been used for illicit drugs, or the soil was contaminated, or mention any number of undesirable factors that would affect the value and enjoyment of the property.

ConveyancingLachlan Edwards26 November 2020O'Farrell Robertson McMahonsection 32

There is still time to claim the $25,000 HomeBuilder Grant

Extended Covid-19 restrictions have seen the HomeBuilder Grant extended by another 3 months. Roweena Ilsley has all the details for you.

ConveyancingRoweena Ilsley5 October 2020O'Farrell Robertson McMahonhomebuilder grant, owner occupier, first home owners grant

The new Client Authorisation Form explained

The move to online conveyancing has created the need for a Client Authorisation Form.

ConveyancingOFRM Lawyers27 October 2017O'Farrell Robertson McMahonclient authorisation, pexa, econveyancing

Removing restrictive covenants

The circumstances in which a restrictive covenant can be removed are limited.

ConveyancingOFRM Lawyers25 September 2017O'Farrell Robertson McMahoncovenant, restrictive covenant, section 32, contract of sale, contract conditions

Checking the impact of restrictive covenants when purchasing property

Purchasers need to be aware of any restrictive covenants that may affect the plans for their new property.

ConveyancingOFRM Lawyers25 September 2017O'Farrell Robertson McMahonpurchaser, covenant, restrictive covenant, contract of sale, contract conditions, section 32

When should you organise a Vendor Statement (Section 32)

A Vendor Statement (or Section 32) holds important information about your property that a prospective buyer needs to know. You can have it prepared before you put your property on the market.

ConveyancingMark O'Farrell11 September 2017O'Farrell Robertson McMahonconveyancing, vendor, vendor statement, section 32

What is a guarantee?

When you guarantee to make payment for someone who fails to, it can all fall to you.

Business Law, ConveyancingOFRM Lawyers1 September 2017O'Farrell Robertson McMahonguarantee, loan

The importance of final inspections

Building inspections prior to settlement are an opportunity to get what you're paying for.

ConveyancingOFRM Lawyers25 August 2017O'Farrell Robertson McMahonsettlement, final inspection, inspection, building inspection

The new all-in-one State Revenue Office duties form

The State Revenue Office has combined 16 forms into 1.

ConveyancingOFRM Lawyers18 August 2017O'Farrell Robertson McMahonsro, state revenue office, conveyancing, land transfer, transfer, duties

What happens on the day of settlement?

Settlement is no longer a mystery.

ConveyancingMark O'Farrell11 August 2017O'Farrell Robertson McMahonsettlement, property settlement, property

Mortgagee’s consent to a Lease

Banks, as the mortgagee on a landlord's property, must consent to the lease of that property to a tenant.

Conveyancing, Business LawOFRM Lawyers26 July 2017O'Farrell Robertson McMahonlease, commercial property, landlord, tenant, mortgagee consent

Title searches and final searches

Our property title system is fundamental to proving ownership and there are checks in place to ensure nothing changes on a title between signing a contract and finalising settlement.

ConveyancingOFRM Lawyers30 June 2017O'Farrell Robertson McMahontitle, titles office, certificate of title, electronic title