- 1.
Reviewing and negotiating the Contract of Sale: The Contract of Sale sets out the terms of the purchase, including the purchase price, special conditions and settlement date. Our team can review the contract, raise issues for negotiation and help you understand your rights and obligations before you proceed.
- 2.
Conducting Due Diligence: Due diligence can include reviewing the contract, title searches, council information, strata material and other documents relevant to the property. We can help identify legal issues or risks that may need further enquiries or negotiation.
- 3.
Duty and first home buyer matters: We can assist with stamp or transfer duty applications and related first home buyer scheme steps where they are relevant to the transaction.
- 4.
Assistance with Settlement: Settlement is the final stage of the purchase process, where ownership of the property is transferred to the buyer. Our team can coordinate legal settlement steps and help you understand key requirements before completion.
- 5.
Assistance with Disputes: If issues arise during the purchase process, we can advise on available options and, where needed, connect the matter with our litigation and breach of contract services.
Buying a property
Buying a property can be one of the most significant financial transactions that a person can make. Biz Lawyers & Advisory assists purchasers with contract review, searches, special conditions, settlement coordination and legal issues that may need attention before exchange or completion.
How we can assist with a property purchase
Strata and company title apartment checks
Apartment purchases in Sydney often involve strata title, and NSW has more than 85,000 strata schemes. Before exchange, buyers should consider whether the available material raises issues about by-laws, levies, strata reports, building defects, legal matters, meeting notes, title information or section 184 certificates.
Some apartment buyers may also encounter company title. Company title is not the same as strata title: the building is held by a company and shareholders occupy parts of the building under the company's articles or constitution. A buyer should understand the shareholding, approval process, occupancy rights and any finance or transfer conditions before committing.
Related property guides include buying a strata apartment in Sydney, company title property in NSW, whether to choose a conveyancer or solicitor and buying or selling a property with a pool.
We also assist with related property matters including selling a property, buying off the plan and commercial and retail leasing for tenants. Contact us to discuss the documents or settlement steps in your purchase.
Linked Associations
