Are you considering using a solicitor for your Conveyancing?
Buying and selling property is an exciting and sometimes stressful process. At Eleven Legal we aim to make this process as stress-free as possible.
When you are buying or selling property there are many areas that require the work of a legal professional.
THESE INCLUDE:
- The advice in regard to contract law surrounding real estate
- Drafting contracts of sale
- Reviewing contracts of sale
- Cost appraisal of stamp duty, GST and disbursements such as registration and search fees
- Tax considerations and asset protection – capital gains tax, sales and purchases by companies, self-managed super funds, family and discretionary trusts and deceased estates.
- Property Title including Torrens, old system, qualified and limited, strata, community, crown or leasehold
- Property tenancy – Joint tenants & tenants in common
- Section 66W Certificates, cooling off periods and deposits
- Building contracts including owner builder issues and the home building act 1989
- Any liaison with financial institutions with regards to deposit bonds, loans, mortgages and discharge of mortgages.
- The Execution of contracts, exchange and settlement
- Adjustments tot he purchase price in regard to rates and allowances
- Advice in regard to easements and covenants on title searches
- Anything else just ask
THE PROCESS:
The first this we do is offer you a fixed price for our services of $1500 + GST plus disbursements, which are the costs of searches and reports that you may need to obtain. So unless there is something unusually complex about the conveyancing you know what we will cost you.
Second – If you live on Sydney’s Northern Beaches or North Shore we can arrange to come and see you at your home if this is more convenient. Or we have our professional offices located in leafy Belrose.
Third – We communicate with you the whole time to ensure that you know everything that is happening within the process of buying or selling your property.
Lastly – We ensure that the settlement of the transaction runs as smooth as possible for you.
So if you are thinking about buying or selling property, speak to the team at Eleven Legal and ensure that your property purchase is completed professionally.
What is a Power of Attorney and do I need one?
A power of attorney is a legal document where you appoint someone to make decisions for you. The person that you appoint will be called your “attorney” and can act in relation to property and financial matters.
The attorney cannot make health or lifestyle decisions for you – if you wish to appoint someone to make those decisions, you will need to prepare an Enduring Guardianship.
THERE ARE TWO TYPES OF POWERS OF ATTORNEY, WHICH ARE:
- A general power of attorney. If the person who gave the power of attorney loses their mental capacity, the document cannot be used. This type of power of attorney is usually given for a specific reason, such as you will be overseas and need someone in NSW to sign documents while you are not here.
- An enduring power of attorney. This document allows your attorney to make decisions for you, even if you lose mental capacity.
We recommend that people prepare an enduring power of attorney at the same time as preparing their wills. This is so that if you ever do become unable to make decisions for yourself due to a physical or mental incapacity, your attorney can step in and act. It is important that you appoint someone that you trust to be your attorney – usually a family member or a good friend. Your attorney will be able to do anything you could do, so you need to appoint someone you trust to make decisions in your best interests.
WHAT HAPPENS IF I DON’T HAVE A POWER OF ATTORNEY?
If you are unable to make decisions for yourself because of a physical or mental incapacity, there is no one who can legally step into your shoes to sign documents for you. If you are lucky, you will have joint bank accounts that can be accessed, but otherwise, there is no quick solution. Someone such as a family member will need to apply to the Court or Tribunal to have a financial manager appointed for you.
