What happens when a Seller dies? (Part 2)

What happens to the sale of property where a Seller noted on title dies?

When a Seller dies the title to the property must be varied in the Department of Natural Resources and Mines to reflect the death of the Seller before the property is able to be sold. Where there is more than one Seller on title it is necessary to determine how the property is held (such as whether it was held as joint tenants or tenants in common) as this will dictate the next steps to be taken. It is important that the person managing the deceased persons estate obtains legal advice to ensure that they are fully aware of the steps involved prior to taking steps to sell the property.

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(ALSO READ:)
Outgoing and Adjustments on a Property
Buyers Guide
Sellers Guide

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Andrew Francey

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Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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