Property condition at settlement

Moving in and out of a property can be a tedious task. So what condition does it need to be left in to ensure compliance with the contract? The terms of the contract provide that the property must be at a ‘reasonable’ standard at settlement. Whilst this does not necessarily mean that the property should […]

When the buying entity is a Company

Q- Did you know that a registered company has the same legal rights to purchase property as an individual? A- A registered company is considered a legal entity just like an individual person and as such they can purchase property in their own right. To make this work, make sure the buyer has a copy […]

Amending the conditions of the contract after signing

Q- The contract has been signed by I now need to add a special condition, can the contract be changed? A- Once the contract is signed, it can be difficult to make amendments unless all parties agree. Once the contract terms are agreed to and signed, the contract is binding and it is not likely […]

Early Possession v Early Access

There is often confusion from buyers and sellers alike between early possession and early access. Early possession is taking full possession of the property and moving in like the property is yours (subject to terms and conditions) whereas early access is having access to the property for a short time for an intended purpose such […]

Early Possession

We all know that moving house is extremely stressful and being able to move in prior to the settlement date can take stress off the buyer so that the move in process is smooth sailing. Moving into a property prior to settlement can be risky for both parties so it is important that the agreement […]

Coronavirus – COVID-19 August 2021 Latest Update

Ownit Conveyancing have taken steps to implement policies and procedures to ensure that we are able to continue to represent our clients during this lockdown.  Good news for those wanting to continue to settle during lockdown, we are able to settle electronically via PEXA as well as complete verification of identity using facial recognition technology, […]

Bringing the Settlement Date Forward

When all parties are eager to settle the property early, we may be able to negotiate to bring the settlement forward.Before making any requests, it is important that both the buyer and seller’s banks are booked and that the purchaser has searches back from the relevant authorities so that figures can be prepared.Without those boxes […]

Pexa Key

Q- Are you worried about the safety of your funds being transferred electronically? A- GOOD NEWS. PexaKey is a new app that allows you to confirm your bank account details in a safe, secure and guaranteed way! We understand that cyber safety is important and we are committed to getting client funds to their accounts […]

Paying the Initial Deposit on time

Q-    Did you know that if the buyer pays the initial deposit late, the seller can terminate any time up to settlement?  A-    The last thing anyone wants is the contract to fall over at the last minute due to the deposit being paid late. Whilst all parties want the buyers to pay the initial […]

Different types of deposits

For buyers, it can be confusing between the deposit they have saved to contribute to their loan and the deposit they are putting down on the contract. Whilst is shows great commitment to a seller for the buyer to pay a large deposit, this can lead to issues for the seller at settlement with such […]