Tenants in Common Joint Tenants Residential Property De Facto Married Couple Lawyers Queensland Australia

Purchasing Property as Joint Tenants or Tenants in Common – what is the difference?

I often get blank faces when I ask clients whether they are purchasing their property as joint tenants or tenants in common. However, you cannot avoid this question if you are looking to buy property with another person; whether they are your spouse, family members, friend or business partner. Understanding the difference between joint tenants

Home Concession Stamp Duty Transfer Duty Property Law Legal Lawyers Conveyancing Transactions Real Estate Queensland

Save $’000s in Transfer Duty – Claim the Home Concession or First Home Concession

What is transfer duty? Transfer duty, formerly known as stamp duty, is a state government tax payable on most transactions related to property. It is calculated based on the purchase price of the property or the value of the property; whichever is higher. For residential property, transfer duty is payable in the following circumstances: Purchasing

Instalment Contracts Non-refundable deposits Land Property Residential House Unit Lawyers Queensland Australia

‘Non-refundable’ deposits and instalment contracts – the devil in the detail

In some contracts, a deposit paid by a Buyer is expressed to be ‘non-refundable’. A ‘non-refundable’ deposit can make a contract an instalment contract with unintended consequences. What is an Instalment contract? In most land contracts in Queensland, the Buyer will pay a deposit that is held by the ‘stakeholder’ (usually the agent or Seller’s