Navigating the sale of a leased property can be complex, with various factors to consider to ensure a smooth transition for all parties involved. Whether you’re an investor looking to diversify or you are simply moving on from a rental property, understanding the intricacies of selling a property under lease is crucial. This article explores the key points sellers should be aware of, focusing on the distinction between fixed-term leases and periodic leases, and the implications for both. Fixed-term leases: Security & continuity  A fixed-term lease is a rental agreement set for a speci ..read more

Achieving a seamless settlement from start to finish is the ultimate goal for settlement agents in Perth. Despite our best efforts to adhere to established timelines, the path to purchasing property is seldom without its hurdles. As we edge closer to the finish line, unforeseen delays lurk around the corner, threatening to disrupt our carefully laid plans. This brings to light the critical importance of early preparation and the proactive management of potential obstacles to keep the settlement journey on track. Common causes of settlement delays, and how to navigate them: The role of banks a ..read more

Since 1st January 2019, Western Australia has introduced an additional Stamp Duty surcharge known as Foreign Transfer Duty for non-Australian citizens purchasing residential property in the state. This change significantly affects the financial considerations for foreign buyers in the WA real estate market. In this guide, I’ll delve into what constitutes a residential property, define who qualifies as a foreign person under these regulations, and outline the specific exclusions and transaction types subject to this duty. Understanding residential property in WA’s context A residential property ..read more

Navigating the property market can be complex, but with the right preparation and knowledge, you can streamline the settlement process for yourself or your clients. Whether you’re a real estate agent, mortgage broker, or a property seller, these top 10 tips will guide you towards a seamless property transaction in Perth. #1 Identification: The Cornerstone of Property Transactions Ensuring the proper identification is crucial in any property transaction. Landgate requires specific forms of ID, typically a Passport and Driver’s License. However, if your client lacks these, other forms may be acc ..read more

As the festive season rolls in, bringing with it a wave of celebrations and year-end festivities, the realm of real estate experiences its unique set of challenges. Navigating property transactions during this period, be it buying, selling, or settling, requires a keen understanding of the seasonal dynamics. This is where the role of a proficient settlement agent in Perth becomes more crucial than ever. Why opting for the right settlement agent is crucial during Christmas The Christmas period, often characterised by reduced business hours and a general slow-down in professional services, can i ..read more

As settlement agents, we aspire to navigate the unpredictable waters of property transactions. Sticking to the established timeline is always the aim, but we know the property purchase journey can sometimes throw us a curveball. As we approach the final stages, unforeseen hiccups can emerge. The key? Preparation and anticipation. By understanding potential pitfalls and having a strategy to address them—or better yet, prevent them—you’re setting yourself up for success. What could derail my settlement? Your lender or bank You’ve dotted the i’s, crossed the t’s, and now it’s up to the banks and ..read more

The idea of managing property settlements in Western Australia while you’re overseas might seem like a daunting challenge. Yet, in our interconnected digital era, being on the opposite side of the globe doesn’t mean you can’t efficiently handle your property affairs back home. Whether you’re taking an extended holiday, moving overseas for work, or embarking on a new adventure, understanding the nuances of remote property settlements can give you peace of mind. Let’s dive into the key considerations for Western Australians looking to process property settlements from abroad. #1 Having represent ..read more

As we traverse the intricate maze of the property market, I recognise that the process can often seem bewildering. At Essence Conveyancing, ensuring your understanding and ease is our utmost priority. Consequently, I have compiled and answered some of the most common questions that clients frequently ask. This resource is curated with your needs and concerns in mind, aimed to bring clarity to the conveyancing journey. #1 What happens after I sign a contract? Signing a contract is a significant milestone in your conveyancing journey, but it’s only the beginning. The journey following this step ..read more

Navigating the real estate landscape can be complex, with numerous intricacies to understand and decisions to make. In this article, we will be focusing on an issue that holds significant weight in your property journey— selecting the right conveyancer. I strive to decode industry jargon and highlight the importance of various factors you need to consider when appointing a conveyancer. Firstly, is your conveyancer licenced? When seeking a conveyancer, it’s essential to determine whether they’re licenced. You may wonder, “what does this mean, and why is it important?” A licensed conveyancer has ..read more

As a seasoned conveyancer in Perth, I’ve seen firsthand just how overwhelming the process of buying or selling a property can be, especially when it comes to grasping the technicalities involved. I’m here to help unravel the mysteries surrounding one critical aspect that both buyers and sellers need to understand: the Certificate of Title (CT). In this article, I’ll be your friendly guide, taking you on a journey through the complexities of the CT and other crucial aspects of the conveyancing process. Together, we’ll equip you with valuable insights and tips, whether you’re a real estate agent ..read more