Blog

DELAYS IN SETTLEMENT – WHAT DO I NEED TO DO?

  A delay in settlement occurs when either the purchaser or vendor is not ready to settle on the day of settlement. This is not only stressful but can be also cause you to incur expensive penalty interest if you are responsible for the delay. These delays can be made less stressful with effective communication…

Read More

ELECTRONIC CONVEYANCING – A NEW ERA HAS BEGUN

          Electronic Conveyancing has now been in place since 4th July 2016 and the conveyancers in South Australia are embracing the change. We at McKay Business Services settled our second online transfer this week early and we are encouraging other conveyancers to come onboard. It is an exciting time with many…

Read More

ELECTRONIC CONVEYANCING – IS YOUR CONVEYANCER READY?

Electronic Conveyancing is the most radical change to the industry since the introduction of the Torrens Title back in 1858. Even back then there was an industry outcry from the lawyers of the day that by simplifying the system it would lead to a loss of conveyancing work. Well the very same challenges lie in…

Read More

ELECTRONIC CONVEYANCING – WHAT IS A PRIORITY NOTICE?

In South Australia a Priority Notice is a notice which is lodged against a Certificate of Title or Crown Lease to reserve priority for a pending transaction that will affect that land. This gives protection of a parties’ interest in a property and will become more important when duplicate Certificates of Title are abolished and…

Read More

ELECTRONIC CONVEYANCING – WHAT IS PEXA?

Property Exchange Australia Following years of discussion and planning, electronic conveyancing is scheduled to finally hit South Australia in May 2016, bringing with it a complete overhaul of the conveyancing process for legal practitioners and conveyancers. Property Exchange Australia (PEXA) is the platform supporting the transformation to electronic conveyancing for property. PEXA is an online…

Read More