Tag: Property Conveyancing

Property Conveyancing – Cheap Quotes and Advice

0
January 25, 2012

Property Conveyancing – Cheap Quotes and Advice

 

We hear all to often about the problems of Conveyancing Companies and Solicitors offering cheap Conveyancing Fees both online and offline. It is also a problem within the Professional Industry as well given the current property market over the last 3 years.

I have been in the Industry since 1984, and have a substantial amount of experience. Over this period I have also seen the lows and highs of the property market.

Many Conveyancing Companies and Solicitors will advertise cheap Conveyancing fees as a method of obtaining Clients based on volume of turnover which in the end only turns into a disaster for the Client and Consumers. The quotes given by these Companies may not include the disbursements and government charges.

The dangers to the Client and Consumer could be overloading Staff, cutting corners in the legal process and transaction, thorough searching, researching and investigation of the paperwork, back log of work together with poor Professional Service delivery just to name a few.

The client file within the firm may also be handled by several people making it exceptionally confusing for the Client not knowing who is actually handling their matter.

When you consider the price of the property you are selling or purchasing together with what you may pay the Agent for their commission, does it really pay to look for the cheapest Conveyancing fee? I would definitely say not.

We hear all to often, but it is a straight forward property transfer. We hear this at the front and then when we received the Agreement for Sale and Purchase we discover there is much more involved. Such as Companies, Guarantee’s, Trusts, collateral security properties, further negotiations in relation to Builders Reports, LIM Reports and Final Inspection just to name a few.

If you are looking for the cheapest Conveyancing Fees and Quotes then you must remember what you pay for is what you get, this also covers paying peanuts you may end up dealing with monkeys.

We recommend you get a quote for your Conveyancing, you need to make sure it covers everything inclusive of Disbursements, Government Charges, GST and any other hidden costs which may not be Disclosed. Also query what is the Charges if the transaction does not proceed.

Are you being charged a fixed fee or an hourly rates and do you have a money back guarantee. Do not be afraid to sight any client testimonials.

We at Property Conveyancing Services Ltd pride ourselves on our Professionalism, Service Delivery and looking after each Client personally. We will never claim to the cheapest Conveyancing Company but we are also not the most expensive. For a no obligation Property Conveyancing Quote please click the this link http://www.propertyconveyancingservices.com/free-property-conveyancing-quote.html

Cheers Kim

: Property Conveyancing News
: , , , , , , ,

Property Conveyancing – What is a Personal Property Securities Register

0
January 24, 2012

Property Conveyancing – What is a Personal Property Securities Register

 

If you purchase items on hire purchase, such as fridges, washing machines, electrical goods, motor vehicles, boats, caravans or utilise any type of credit to complete your purchase you will probably find your details have been registered by the secure part on the Personal Property Securities Register (PPSR).

The details registered will include your name, date of birth, address and a description of the purchase of goods.

Please note that the PPSR record does not record the financial details of the transaction such as the amount borrowed or the value of the item/s.

When your information has been registered by either the Lender, Finance Company or Bank you must be sent a copy of the statement unless you waived this right at the time of signing your agreement. So it is always important to read the fine print in any Contract you enter into.

If you notice that any of the details are incorrect you have the right to ask them to be corrected. If you owe money on the items you wish to sell you should not sell them without the written permission of the company you owe the money to as they may require to the debt to be repaid from the sale proceeds. If you do not you risk the person you sold the goods to of a possible repossession by the Creditor.

When an Agreement for Sale and Purchase is completed and the chattels are listed in the Agreement your Conveyancing Practitioner must complete a Personal Property Securities Register Search to ensure the chattels are not subject to any hire purchase agreement. The last thing you want is to have your property conveyancing completed and then discover someone is knocking on the door to repossess items.

For more information visit us @ https://www.propertyconveyancingservices.com or connect with our facebook @ https://www.facebook.com/conveyancingservices.

To your success Cheers Kim :)

: Property Conveyancing News
: , , , , , , , , , , , , ,

Property Conveyancing Practices for Cross Lease Certificate of Titles

0
January 17, 2012

Property Conveyancing Practices for Cross Lease Certificate of Titles

 

When you are purchasing a Cross Lease property there are matters which your Property Conveyancing Practitioner must undertake on your behalf as the property Purchaser.

A search of the Certificate of Title, Lease and Flats Plan must be completed. The Lease to the Cross Lease Certificate of Title will contain particular terms such as the lenght of the lease generally 999 years with a nominal rent of 10c which is off set against the other property. Any Restrictive Covenants and the exclusive use area for each flat.

The Flats Plan will have the foot print of the flat where it is important to ascertain whether there have been any additions or alterations. If so your Property Conveyancing Practitioner must requisition the defect within the time allowed in the Agreement for Sale and Purchase.

If the Flats Plan does not denote any alterations or additions which have been undertaken since the original Flats Plan was deposited with Land Information New Zealand it will constitute an encroachment into the common property.

“The lease is usually to the outer walls of the flat which are showin on the flats plan” The leasehold estate of a Cross Lease Title relates to the building on the land and the exterior is delineated on the flats plan. The exclusive use area of the flat does not give the owner of the fee simple title to that area, but means that the other flat owners covenant not to enter upon the exclusive use area of the other.

The Agreement for Sale and Purchase allows 10 working days from the date of the Agreement for Requisition to Title so it is imperative that your Conveyancing Practitioner undertakes the relevant searches of the Certificate of Title and encumbrances as soon as possible.

If alterations or additions have been made it is also important to check that the other Flats Owners have consented if required in the terms and conditions of the lease, and any Council Consent or Permit has been signed off. If not further issues and problems arise.

The way in which the Flats Plan can be updated is by a re-survey of the property and a new Flats Plan being lodged with Land Information New Zealand, this will also require Council Consent, Mortgagee consents if mortgages are registered on the Titles, and other Flats Owners. The process is rather expensive and extensive and you should obtain quotes from all parties involved in the dealing.

If you would like further advice regarding Cross Lease Titles or a Property Conveyancing Quote for help with the sale or purchase of your property please visit us @ https://www.propertyconveyancingservices.com/freepropertyconveyancingquote.html

To your Real Estate Success. Cheers Kim :)

: Property Conveyancing News
: , , , , , , , , , ,

Property Conveyancing And Ownership Of Land

0
December 18, 2011

Property Conveyancing and Ownership of Land

 

When it comes to purchasing property in New Zealand the property can be purchased in several types of entities such as:

  1. Individuals.
  2. Limited Companies.
  3. Trusts.
  4. Partnerships.

When it comes to registration of the legal property owners on the Title it can only be Individuals or Limited Companies. In the case of Trusts and Partnerships it is the Trustees of the Trustees and or Partners of the Partnership who are registered on the Certificate of Title.

Co- Ownership relates to the situation where two or more persons are entitled to possession of the same land. Each is entitled to possession of the whole of the land rather than any particular part. The three types of common ownership which exists are:

* Tenancy in Common.

* Joint Tenancy.

* Or under the Joint Family Homes Act 1964.

 Tenants in Common – exists when two or more persons hold defined shares in land. The number of shares to be allocated to each person may depend on the amount of financial contribution being invested in the property purchase or property investment. i.e It could be a share allocation of 50/50 each or 60/40 or 70/30. You would need to advise your Conveyancing Practitioner how the shares are to be allocated so they can prepare the Transfer of Land document accordingly. More importantly each owner of this type must make a provision in their estate as to who they want their share of the property to pass to.

Joint Tenants – When you are registered on the Certificate of Title as Joint Tenants each person has an equal undivided interest in the property transfer and upon the death of either person, the survivor becomes the owner of the deceased person’s interest upon registration of a Transmission Application lodged with Land Information New Zealand.

Both Joint Tenancy and Tenancy in Common give equal rights of possession to each co-property registered owner, and can also be used for real and personal property.

If you are not sure which is the best type of registration for you to purchase property in, always check with your Registered Conveyancing Practitioner.

https//www.propertyconveyancingservices.com

 

: Property Conveyancing News
: , , , , , , , , , ,
Albizia Theme designed by itx