The following are some of the most frequently asked questions our office receives from clients about conveyancing and property law:
The majority of our conveyancing services are done on a "fixed fee" basis. We typically charge a flat rate for our professional fees plus disbursements. Disbursements are expenses that we incur on your behalf during the conveyancing transaction. These include title search fees, council rates certificates and owners corporation certificates. The costs of disbursements can change depending on the property. We provide an estimate of professional costs and disbursements on a case by case basis and prior to commencing works.
All lawyers qualified to practice in Victoria have completed many years of legal training with tertiary qualifications and have been admitted into the legal profession as Australian Lawyers and officers of the Supreme Court of Victoria. They are often knowledgeable across many areas of law and can provide you with legal advice on your transaction and other matters that may arise. Lawyers are often preferred due to their additional skills and services particularly in dealing with financially important assets such as property.
The short answer is yes! A contract of sale of real estate is a serious document and should be carefully considered before signing. Our team of lawyers regularly reviews contracts for our clients prior to them signing.
In Victoria, a vendor (seller) must provide a purchaser with a vendor statement pursuant to Section 32 of the Sale of Land Act 1962 (VIC). Hence, a vendor statement is often referred to as a "Section 32". It provides important disclosures about the property including information about its outgoing expenses or any legal notices served on it. The failure of a vendor to provide an accurate section 32 may give a purchaser the right to terminate a contract of sale. The section 32 vendor statement is provided to a purchaser together with the contract of sale. You should allow around 10 business days for a section 32 to be prepared which allows enough time for certificates to be processed. However if a quicker turnaround time is required, express certificates can be ordered (at a slightly higher cost).
Copyright © 2020 Pera Lawyers Pty ltd (ACN 646 048 419) as trustee for the Pera Trust trading as Pera Lawyers (ABN 454 994 910 21) - All Rights Reserved.
LIABILITY LIMITED BY A SCHEME APPROVED UNDER PROFESSIONAL STANDARDS LEGISLATION