All Topics / General Property / Adding another name on Land buying contract

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  • Profile photo of eecchhooeecchhoo
    Participant
    @eecchhoo
    Join Date: 2005
    Post Count: 16
    August 8, 2005 - 10:48 am

    Hi All,

    I have paid a deposit for a land and sign the contract as i thought i was going to use my own loan to buy the land.

    But after some consideration with my Girl friend, we are going to take a joint Homeloan and would like to put her name as well to the contract. The title for the land wil due sometimes in November 2005.

    Is there anyway to do it?

    I heard from my settlement agent that we need to sign a Defacto status Form. But we have just moved in together to the same address, are we allowed to sign the defacto form? Is there any way to add her name into my land contract?

    Thanks in advance.

    Willy

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 12, 2005 - 6:29 am

    YOu may be able to get the vendor to rescind the contract and you sign a new one with the new names.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of grossrealisationgrossrealisation
    Member
    @grossrealisation
    Join Date: 2005
    Post Count: 1,031
    August 12, 2005 - 7:50 am

    hi eecchhoo
    talk to the solicitor who did the deal.
    this is land and at some time your going to build on it there will be contracts them to be signed and you may find that this can be done then but check with him/ her (your solicitor)

    here to help

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

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