Keys at Settlement
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 keys, codes or devices in the Seller’s possession or […]
Merry Christmas from Ownit
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 felt thank you and wish you all a safe Christmas […]
Home Builder Scheme Extended
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 rather than the current amount of $25,000.00. We want to […]
New Enduring Powers of Attorney
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. The new forms are significantly different to the previous version […]
New Services Offered – Wills & Estate
We are pleased to announce that we have recently employed a Wills & Estate specialist Solicitor to assist our clients with all of their Wills and Estate planning needs. Geoff Cameron comes to our office with extensive experience in all areas of Succession Law. We want to assure everyone that here at Ownit Conveyancing we […]
Certificate of Occupancy
On 1 October 2020 Certificates of Classification were renamed to Certificates of Occupancy. A Form 11 Certificate of Occupancy contains various information regarding the class and permitted use of a building, fire safety and any other building requirements. Any valid Certificate of Classification issued before 1 October, 2020 will be taken to be a Certificate […]
Damage or Destruction to Property
Following recent highly destructive weather events the question arises as to what the rights of a Buyer are when a property is damaged due to a weather event? It is important to remember that under the terms of the Queensland REIQ Contract the property is at the Buyer’s risk from 5pm on the first business […]
Present Use
Q: What if at the Contract Date the present use of the property is not lawful under the town planning scheme? A: This information must be disclosed to the Buyer in the Contract, failure to do so may allow the Buyer a right to terminate the Contract up until the date of settlement. We want […]
Shared Pools
Residential pools on common property are generally the responsibility of the Body Corporate. Prior to signing the contract, the Seller should obtain a copy of the Pool Safety Certificate from the Body Corporate. If there is no Pool Safety Certificate for the Body Corporate then the Body Corporate must obtain one. We want to assure […]
Matrimonial Exemptions to Transfer Duty
There are certain matrimonial exemptions from the payment of transfer duty for transactions pertaining to the Family Law Act 1975 (Cwlth) and the Property Law Act 1974 (Qld). If the transaction fits the exemption criteria then the transaction will be exempt from transfer duty. We want to assure everyone that here at Ownit Conveyancing we […]
