Forum Replies Created
- Terryw wrote:Nae
Depends on the state you are buying in. In Victoria, in the past, you needed written authorisation from the nominee before you entered into the contract. If you were going to nominate a trust or company, these needed to be set up prior to the signing of the contracts too. But things may have changed.
Thanks for your reply. I actually decided to utilise the services of my solicitor. I asked THEM! In Victoria, you do not need written authorisation or anything from the nominee to add them to the contract. You simply sign it "and/or nominee" and the solicitors do the rest. You can add the name of the nominee upon signing if you wish, but it is not necessary. This method of signing also allows you to have the contract under a business name if you so choose.
I am about to purchase a property, with luck, at an auction. I will be signing the contract "and/or nominee" Do I need to have identification and letter of authorisation from the nominated person?
