Conveyancing and Property LawFor the majority of Australians, the Purchase of a property is the largest single transaction that they will ever undertake. With this in mind, why would anybody put their purchase in the hands of someone other than an experienced professional?

At Prime Lawyers we offer a comprehensive Conveyancing and Property Law service assisting in all aspects, including:  

Conveyancing (Purchase and Sale of property);
Support with institutional lenders and private financiers;
Sale and Purchase of Businesses; 
Retail and Commercial Leasing;
Subdivisions;
Construction matters; and
Many other areas of property law.  

With our “No Compromise” approach to customer service, our experienced and professional Property team is dedicated to ensuring that your matter is completed efficiently, effectively and to your satisfaction.  

Prime Lawyers will assist you in all aspects of your matter, from negotiations, reviewing Contracts and Leases, and liaising with all related parties to completing the matter.  

Through its professional affiliations, Prime Lawyers is also able to assist with finance through either Private Lenders or LAWFUND. Please contact us for further details about this.

Quick Tips

Purchasing Property  

1. Never sign any Contract for the purchase of property without first having the Contract reviewed by a professional property advisor. Some Real Estate Agents will, as a marketing ploy, convince you that there are other parties ready to pounce on this property if you do not sign on that day.

2. If you cannot resist, and you do sign the Contract, ENSURE that the Contract provides for a minimum five (5) day cooling-off period (be aware that a cooling-off period does NOT apply to Auction Purchasers and only applies to residential property, not commercial property).

3. A cooling-off period allows a purchaser to withdraw from the purchase of a property without the possibility of the Vendor claiming damages against them. Should a Purchaser withdraw from the purchase of the property within the cooling-off period, they are liable to the Vendor to 0.025% of the sale price of the property, rather than the full 10% which they would be liable for if they withdrew after the expiration of the cooling-off period or where there was no cooling-off period.  

4. First Home Purchasers should be aware of Both Federal and State Government assistance schemes that give First Home Purchasers financial benefits towards the Purchase of property.  

The Property Team at Prime Lawyers can provide information and assistance on all aspects of Contracts, Cooling-off Periods and First Home Purchaser benefits.  

Selling Property

1. It is a legal requirement that prior to advertising any property for sale, a Contract must be available for inspection by any prospective Purchaser.  

2. It is imperative that your Contract is created by a professional who will include all the necessary information, including property searches required by law, in the Contract.  

3. No two properties are the same and it is equally important that the Contract is created in accordance with your wishes as to any inclusions or exclusions in the sale of the property. At Prime Lawyers we listen to you.  

4. A carefully and correctly drafted Contract for Sale will prevent time consuming and costly legal argument that may arise as a result of a poorly drafted contract.  

The Property team at Prime Lawyers can assist in ensuring that you Contract is drafted in accordance with both legal requirements and your instructions.    

Contact one of our property & conveyancing lawyers today on (02) 9521 2222. You can also send through your enquiry online today and we will contact you shortly.