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  • Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396
    August 5, 2012 - 3:14 am

    Hi people's,

                       I do my own conveyancing through one of the online companies and have done a few properties or so with no problems. I am currently putting an offer in on a property and requested a draft copy of the contract. On the land and property title search there is 4 notifications in the second schedule. One is about the crown grant which i believe is always there from memory. The other three are about a strata plan adopted for pets and then the next 2 are about right of footway to the land. Has anyone seen  this seen before? It's obviously a strata complex and i have never seen it in a contract before. Will this affect the purchase in anyway?

    Thanks 

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    August 5, 2012 - 7:02 am

    Hi,

    First of all, well done on completing your pre-purchase due diligence.

    Now that something has been flagged, the next step is to weigh up its significance. In this case, given that it relates to the title and may impact potential use, I would rate it as worthy enough to get some formal legal help.

    I suggest you make a preliminary phone call with a local conveyancer or solicitor and then see what they recommend.

    You could also call the titles office and ask them what it means, and whether they can provide you with some literature about notes on title.

    Hope this helps,

    – Steve

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396
    August 5, 2012 - 1:52 pm
    SteveMcKnight wrote:
    Hi,

    First of all, well done on completing your pre-purchase due diligence.

    Now that something has been flagged, the next step is to weigh up its significance. In this case, given that it relates to the title and may impact potential use, I would rate it as worthy enough to get some formal legal help.

    I suggest you make a preliminary phone call with a local conveyancer or solicitor and then see what they recommend.

    You could also call the titles office and ask them what it means, and whether they can provide you with some literature about notes on title.

    Hope this helps,

    – Steve

    Yeah i think i might call the titles office first and see what they have to say. The townhouse is owned by a company it seems as there are a few for sale it seems they have developed and held for a few years before selling off. Does anyone know if it being a company effects the title or conveyancing process?

    Any help would be greatly appreciated Tony. 

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

Viewing 3 posts - 1 through 3 (of 3 total)

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