Property Services
Transfers
When most people think of transferring a property or title, they think of buying and selling homes. While agreements between vendors and purchasers are a common reason for title transfers, there is a wide range of other ways that this might occur. Making sure that property is legally transferred into a new owners name is essential. Our professional conveyancing service can arrange all these forms as well as inform you about stamp duty and fees. We will ensure that the process is a stress-free success, leaving you to enjoy your new property.
Why Transfer a Title?
There are many reasons why someone might transfer a property to another person.
Each circumstance comes with its own process, and that is why it is so critical to seek the right advice.
A transfer is required if:-
- A marriage has broken down;
- A co-owner passes away;
- Parents want to gift their land to their children;
- A property is left to you in a Will;
- You want to transfer an asset to or from a Trust or Superannuation Fund;
- and many more.
Property transfers do not happen automatically. There are legal requirements and steps that need to be taken. Most of the time you will be unfamiliar with the legal documentation and process involved and incorrect transfers can result in long and costly proceedings.
We help you by giving you advice specific to your circumstances, estimating your duty consequences and other fees, preparing all necessary documentation, liaising with your financial institution and ensuring a successful process with regular communication and follow-ups.
Stamp Duty
One of the most common questions is “Will I need to pay Stamp Duty?”. When you buy a property, this is usually one of the largest upfront costs. For property transfers, your stamp duty liability will depend on your circumstances. For example, if you have received land as a gift, you will attract stamp duty unless specific exemptions apply. However, duty does not normally apply if you are transferring the title of your home due to a breakdown of relationship.
Mountain Ranges Conveyancing has considerable experience in arranging and processing complex duty applications and can help you find any discount options available to reduce the impact of Stamp Duty. Save time and money and ensure a stress-free process. Contract our team today.
Subdivisions and Consolidations
Subdivision of a property can take a number of forms. From combining two or more titles into one (Consolidation), dividing one or more larger lots into a number of smaller lots or even relocating boundaries. Commonly this represents an excellent opportunity for property investors or developers to maximise their income.
Whilst subdivision has many advantages, you also need to follow strict subdivision laws which can change from project to project. Errors in the subdivision process can be costly and time-consuming and there are subdivision costs that you will need to consider even if everything goes right.
For guidance and services regarding subdivision, talk to our property conveyancing specialists. We are experts in the subdivision process and can ensure the best outcome for you.
Even for a basic subdivision costs can reach thousands of dollars or more. When you consider legal processes, applications and documentation involved, your timeline and budget could easily blow out.
Mountain Ranges Conveyancing offers subdivision advice and complete management of the legal aspect of subdivision. From correct documentation to prompt lodgements and time effective file management, we can provide a service that will help minimise your expenses.
Want to find out how we can help you?
Download and complete the transfer checklist link below and email the same to enquiries@mountainrangesconveyancing.com.au
or call us on 0491 286 220
to start the process now.
