MS Lawyers Sydney Blog
“We demystify complex conveyancing jargon to provide you with powerful information that puts you in charge of your next big move.”
Vendor Disclosure in NSW: Your Essential Guide to Compliant Property Sales in Western Sydney
Vendor Disclosure in NSW: Your Essential Guide to Compliant Property Sales in Western Sydney In a market that’s booming with
Demystifying the NSW Contract for the Sale of Land: Essential Insights for Buyers and Sellers in Western Sydney
Demystifying the NSW Contract for the Sale of Land: Essential Insights for Buyers and Sellers in Western Sydney. In a
The Explosive Growth of Western Sydney: Housing Boom, Population Surge, and Opportunities for Property Investors
The Explosive Growth of Western Sydney: Housing Boom, Population Surge, and Opportunities for Property Investors As a sole legal practitioner
Glossary
“Get acquainted with Property and Conveyancing terms commonly used during your transaction”
Settlement
The final stage of a property sale where ownership is officially transferred, funds are exchanged, and keys are handed over, typically occurring 6 weeks after the contract exchange in NSW.
Conveyancing
The legal process of transferring ownership of a property from one party to another, involving preparation of contracts, searches, and settlements to ensure a smooth transaction.
Stamp Duty
A state government tax payable on property purchases in NSW, calculated based on the property's value, with potential concessions for first-home buyers in areas like Western Sydney.
Strata Title
A form of property ownership common in apartments and townhouses, where individual units are owned separately while shared areas like pools or driveways are managed collectively under a strata scheme.
Easement
A legal right allowing someone to use part of another's land for a specific purpose, such as access or utilities, which must be disclosed during conveyancing to avoid disputes.
Caveat
A formal notice registered on a property's title to prevent dealings like sales or mortgages until a claimed interest is resolved, protecting rights in potential disputes.