30 Jul Priority Notices
What is a Priority Notice?
A Priority Notice is a form lodged in the Department of Natural Resources and Mines over the title to a Lot (most often prior to settlement) in order to preserve the priority of instruments that are to be lodged over the title in respect of that Lot. Most commonly a Priority Notice will be lodged to reserve the priority of a transfer and mortgage intended to be lodged following settlement. A Priority Notice, once registered on title, serves as a warning to any who performs a title search of the fact that lodgement of the instruments listed in the notice is intended.
To learn more about Foreign Ownership today, contact OWNit Conveyancing on 1300 553 750
Check out OWNit conveyancing Queensland offices near you: