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Q: What is a Deposit Bond?A: Deposit bonds can sometimes be used (when formally agreed to between the parties) instead of cash to pay a deposit when buying a home. The person taking out the bond has to pay the money plus fees for the...
The terms of the standard ADL and REIQ Contracts differ in what the requirements of the Seller are until settlement. Under the current REIQ Contract a Seller must use the property reasonably until settlement whereas the current ADL Contract provides that the Seller must maintain...
At Ownit Conveyancing we embrace the power of digital. Our clients and stakeholders expect fast and seamless settlements and this is why we choose to settle via the PEXA settlement workspace as often as we can. To date Australia wide there have been 7,402,197 settlements...
Q: Did you know that there are many exemptions to the payment of transfer duty in Queensland?A: The Office of State Revenue website sets out the many exemptions allowed for the payment of transfer duty. These exemptions range from exemptions applied to deceased estates to...
Q: Are there any differences between the ADL and REIQ Contracts versions? A: Both the ADL and REIQ Contracts differ significantly in the standard Contract terms. It is critical that the version of Contract being used is taken into account when looking at a Contract as...
Q: Did you know that the Regional Home Building Boost Grant has been extended? A: The Regional Home Building Boost Grant has been extended until 31 March, 2021. In order to be eligible for the grant you must buy or build a new home in regional...
Q: When must keys be delivered to a Buyer following settlement? A: Pursuant to the terms of the current REIQ Contract, if the Buyer requests delivery of the keys at settlement not less than two clear business days before settlement, then the Seller must deliver all...
To all of our clients and friends of Ownit we would like to take this opportunity to thank you for your support during 2020.2020 has been an incredibly difficult year for so many and we would like to take the time to say a heart...
The Federal Government has recently announced that the Home Builder Scheme which was due to cease at the end of the year has now been extended until 31 March, 2021.Contracts signed between January and March 2021 will now attract the lower grant amount of $15,000.00...
A range of changes to the Guardianship and Administration Act 2000 and the Powers of Attorney Act 1998 came into effect on Monday 30 November 2020. A key change is that from 30 November 2020, new forms have been introduced for Enduring Powers of Attorney....