Execution
Upon receipt of the documents from the purchaser’s solicitor, the vendor’s solicitor then proceeds to arrange for the vendor to execute them in his presence and duly attest his signature.
Following execution of the documents, the deposit sum is forwarded to the vendor unless the terms and conditions of the sale and purchase agreement dictate that the vendor’s solicitor has to hold the deposit sum as a stakeholder until the occurrence of a certain event.
It is prudent for the solicitor to collect legal fees and disbursement at this stage and issue a receipt so that the vendor can include the expenditure in reduction of the tax payable for real property gains tax.
This preview is an excerpt from the following publication. this publication for access to all the commentary and precedents.
Sale of Real Property - Step by Step Guide & Precedents
by By Lawyers For Lawyers author - Jayadeep Hari & Jamil
Overview
This step by step guide provides a comprehensive directory and convenient precedents which will help ensure a smooth and easy property sale.
This publication will guide you from the point of negotiation straight through to transfer of title. The guide includes practical commentary ensuring that no issues are overlooked together with a broad range of precedents.
All matters are covered including;
- Land Title Searches
- Bankruptcy Searches
- Essential preliminaries for property with OR without title
- Caveats
- Strata Title Act 1985
- Finalisation
This guide is written by lawyers for lawyers and consequently it is practical, efficient and easy to use.