Categories for Title Transaction

New type of Title, what is a Leasehold scheme, Title, and Reversionary interest

27/5/2020
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The introduction of the new Strata Title Act Amendment has led to the creation of Leasehold Schemes and Titles in WA. A leasehold scheme includes a subdivided underlying title with a reversionary interest and leasehold strata titles. A Leasehold Title is a portion of the subdivided land that acts the same as a freehold parcel for the duration of the leasehold scheme (20-99 years). Reversionary interest relates to the right of the owner of the underlying title. It allows them...

Buying & Selling in a Pandemic

17/4/2020
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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...

Biosecurity and Agricultural Management (BAM) Act and Settlement

6/4/2020
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Biosecurity and Agriculture Management Act 2007 Western Australia’s defences against potentially devastating pests and diseases were strengthened with the Biosecurity and Agriculture Management Act 2007 (BAM Act) coming into effect on 1 May 2013. What the BAM Act does. The BAM Act and associated regulations were enacted on 1 May 2013. The new BAM Act takes the place of 16 older Acts and 27 sets of regulations with one Act and nine sets of regulations and enhances protection of the...

Can a Deceased Joint Tenant Buyer Or (minor) under age of 18 – be e-settled within scope in WA?

16/1/2020
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Question: Can a Minor, or Deceased Joint Tenant Buyer – be settled within an e-settlement scope in WA? A: You may know that the Client Authorisation Form (CAF) immediately ends upon the death of that client (except in South Australia -ref https://www.arnecc.gov.au/__data/assets/pdf_file/0012/698718/MPR-Guidance-Note-1-Client-Authorisation.pdf). Office of State Revenue (OSR) using Revenue-On-Line (ROL) might have an issue with an incompletely signed substituted buyer form. Unless the surviving Joint-Tenant is able to execute for the deceased and provide the Death certificate as evidence with...

WA Certificates of Title to become redundant

27/11/2019
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How the WA State Government is making it easier for property owners to fast track their settlements and refinancing The WA state government via Landgate has put forward a bill that has made your PAPER Duplicate Certificate of Title (record of your property ownership) invalid. What does this mean for WA property owners? The proposal is to make e-conveyancing or digital settlements and refinances easier for those people that have lost their duplicate Certificate of Titles. Previously clients without these...