Buying and Selling
Buying or selling property is likely to be the biggest financial investment many people will ever make, which is why it is critical you get the right advice from an experienced team that don’t cut corners or provide service and advice based on “cut-price” fees.
Paramount Legal offers extensive experience in relation to Property Law in Queensland and New South Wales, and provides personalised service and advice to each of our clients. We ensure that we are clear and open in our communication and that we are always available to provide clients advice, clarification or peace of mind in what can understandably be a stressful time.
Our Conveyancing Team have more than 20 years’ experience in the industry, and are able to offer their knowledge and assistance in the following ways:
- Conveyancing for sale or purchase of house, land, unit, off the plan, and commercial property;
- Queensland and New South Wales property;
- Pre-signing advice – we are willing to review your sale or purchase contract before you sign, providing you with peace of mind, and explaining your contractual obligation and risk;
- Contract preparation, including any negotiating of special conditions;
Other Property Matters
In addition to conveyancing, our team are able to assist in many other aspects of property law including:
- Related party transfers;
- Commercial/Industrial conveyancing;
- Commercial and retail leasing;
- Sub divisions;
- Reviewing mortgage documents;
- Change of name on registered title;
- Release of Mortgage from title;
Related Party Transfers
It is becoming increasingly more common for relatives and friends to purchase property together in order to gain entry into the property market because they would not otherwise have the financial resources to purchase the property on their own.
Whilst this is common, it can create issues down the track if one party subsequently decides to sell their share of the property, buy out the other party’s share or alter the proportions of ownership. A transfer of property between related parties can be a complex and costly process if not handled correctly.
Related party transactions can also change the amount of transfer duty that is payable and some transactions can even be exempt from transfer duty.
It is imperative in related party transfers that a valid property valuation is obtained for the purposes of calculating the correct amount of transfer duty which is payable by the party gaining a larger share in the property.
If you are about to enter into a related party transaction, speak to our experienced Conveyancers, Property and Commercial Lawyers today!
Family Law Transfers
The process of transferring ownership, which effectively removes one party from the title, is not dissimilar to transferring ownership when a property is bought and sold. The key difference is that the parties involved in the transaction are connected by a relationship or marriage. Typically this change is the result of a relationship breakdown.
These are difficult times for all parties and the transfer needs to take place with a degree of sensitivity. In some instances, there is limited communication between parties and this requires a lot of diplomacy and empathy.
It is vitally important that all parties involved in the transaction have a full understanding of all elements in the transfer. Our Family Lawyers and Conveyancers can provide you with legal advice so that you fully understand what your liabilities might be once the transaction has taken place.