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FORM 1 AND COOLING OFF RIGHTS – WHAT ARE THEY?

WHAT IS A FORM 1? The Form 1 (Vendors Disclosure Statement) is the formal statement that must be served on the Purchaser and provides the cooling off rights and certain details relating to the property being sold. It is required under Section 7 of the Land and Business (Sale and Conveyancing) Act 1994. A Form…

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THE EVOLUTION FROM PAPER SETTLEMENTS TO ELECTRONIC SETTLEMENTS

The new mandate is here as of 3rd August 2020, the electronic lodgement of documents with Land Services SA is now mandatory. Paper is now a thing of the past…but lets talk about that past so you know a little bit about what the process was and what it is from now on… EARLY DAYS…

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NEW LAND TAX RULES IN SOUTH AUSTRALIA

Land Tax – What the State Government requires you to do before July 31 2020 You may have heard that the State Government has changed the way Land Tax is calculated in South Australia. There have been arguments for a reduction in the rate of Land Tax for many years and starting July 1 2020…

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E-CONVEYANCING IN SOUTH AUSTRALIA

MANDATORY E-CONVEYANCING E-conveyancing has now been in place since 4th July 2016 and the conveyancers in South Australia have been embracing the change since then. On Friday 17th April the Office of the Registrar General announced that from 3rd August 2020 the electronic lodgement of documents would be mandatory.  Many factors were considered when reaching…

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WHY DO I NEED A CONVEYANCER?

Everyone knows that when you buy or sell property there is a real estate agent involved who shows the home and discusses the property with you.  You will find out what you get, how much the likely sale price is estimated to be, what schools and transport are nearby and other local information about the…

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