Whenever a vendor sells land, they are required to provide a document called a Form 1 Disclosure Statement (usually just called a “Form 1”) to the purchaser.If the vendor has engaged a real estate agent to sell the land on their behalf, it...
Under Australian law, if you’re from overseas you will ordinarily have to apply for foreign investment approval before purchasing residential real estate in South Australia.As there is a shortage of housing in South Australia like the rest of Australia, your application will be...
If you have signed a contract to purchase land in South Australia, you will generally be entitled to have two clear business days from the date of the contract or receipt of the Form 1, whichever is the later, to “cool off” on the...
We act for many seasoned South Australian property investors who often seek our advice about drafting option agreements with a view to selling or purchasing land.Occasionally, we are asked to advise less experienced landowners or prospective purchasers of land around the suitability of option...
After years of debate and consultation, electronic conveyancing Adelaide South Australia is finally here, the birthplace of Torrens Title system of real property ownership, with fundamental changes to the way in which land transactions are carried out “online” having already taken effect.The changes not only...
The average property purchaser usually requires finance to be approved from a bank or lending institution before a sale of property can take place.Often, the purchaser will want and need the extra precaution of having the contract made “subject to finance”, so that they can...
Asset Protection 101 – The Family Home It is important to remember that if a person becomes bankrupt, all their assets “vest in”, or become controlled by, their trustee in bankruptcy, who can then sell those assets to pay out the creditors of the...
Buying a property involves numerous issues, not least of which is this: how do you hold the property if there are two or more purchasers?Land can be owned in several different ways, and by more than one person.What are the different types of land ownership?Land can be...
Our eBook ‘Legal Solutions to Life’s Problems’ is available for download below. In it, you will read all about what we do and how we do it. It is very rare that we will not be able to assist you in some way if you have a family law issue, or if you require a will prepared or some other estate planning service, help with a property sale or purchase or someone to lean on when there is a death in the family. Please feel free to read through the book and let’s catch up soon for a chat to discuss your legal needs.