Thank you for viewing our Conveyancing Frequently Asked Questions page! We have categorised the FAQs by topic so that you can easily find what interests you. If you're looking for general information, it can be found on this page.
Before getting into the nitty-gritty of conveyancing, there are a few key things you should know.
What are the legal differences between a Contract of Sale and Section 32?
The Contract of sale has a page with information about the people involved in the sale and any special conditions. The Section 32 includes property certificates that can help you learn more about the property before you buy or sell it.
What is a VOI and why do you need one?
A Verification of Identity (VOI) is a way to help show that you are who you say you are. This is required by law when buying, selling, or transferring any property. This protects you from people stealing your identity or doing something with your property without your permission.
What is PEXA?
PEXA is an online settlement and lodgement platform used by conveyancers, lawyers and financial institutions across Australia. All the documents required to transfer the property to the new owner including the exchange of money can all be done on the PEXA platform. By using the platform it allows properties to be transferred immediately on the day and the funds can also be accessed immediately.
What is a client authorisation form?
The Client authorisation form allows us to help you with your property matter on PEXA. We can sign documents on your behalf, such as the Transfer of Land to transfer the property into your name. We can also authorise payments via PEXA.
What’s the difference between a conveyancer and a solicitor?
A Conveyancer is a professional who helps people transfer property between each other. A Solicitor provides many different legal services, such as Commercial Leasing, Drafting Wills, Probates, and Conveyancing.
If you have a Statutory Trust Account, when would it be necessary for you to use our trust account?
We have a Statutory Trust Account for our clients. This account can be used when there is no bank involved in the purchase of a property and the funds are coming from the buyer's personal accounts. The account is also used when there is no sales agent and we need to hold the deposit until everything is finalised.
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