During the uncertainty of COVID lockdown, REIWA has a COVID annexure to cover the most limited initial COVID Events. This may be added as an “Annexure” to contract before it is accepted, but after acceptance, it would need to be signed by all parties of the contract as a “Variation” ie Seller & Buyer of Property Address, Contract Dated DD/MM/YYYY agree to vary the contract by incorporating the labeled COVID Annexure Z; Signed & Dated: Seller X Buyer Y. Feel...
There is growing support in the property/conveyancing industry for wording on a clause for sale contracts to protect new owners and those wishing to become Landlords without beaching the extended rental moratorium on agreements.The AICWA has contacted DMIRS and has subsequently confirmed the following clauses are acceptable:
Subdivider concession application REMINDER RevenueWA wishes to remind all landowners that applications for the subdivider concession close 31 August 2020. Early lodgment of the application form will ensure we can consider the concession when issuing assessments. Important The subdivider concession is a one-year concession from land tax. For the 2020–21 tax year, the concession applies to qualifying residential lots that were subdivided between 1 July 2019 and 30 June 2020. Owners of these lots can pay land tax (and metropolitan...
Property Tips Buying & Selling in a Pandemic While buying or selling a property may not be high on everyone’s “to-do list”, there are many reasons and circumstances why property will continue to be bought and sold in the coming weeks and months. For the time being property professionals along with the government agencies who support the transfer of property are all open for business. If you are looking to buy or sell here’s what you need to know… Sellers...
