What is the conveyencors charge for serving vendor with notice ro rescind

Viewing 5 posts - 1 through 5 (of 5 total)

ajitj
Participant
@ajitj
Join Date: 2008
Post Count: 1
October 23, 2008 - 11:04 am
Hi,
My conveyncor has charged me $500 for the settlement of a property.
Now the vendors have postponed the settlement as their bank has lost the title.
When I asked my conveyencor to get an exact date for the settlement he doesnt give me a convincing answer.
When I told him to send a notice of recission to the vendor he says that he will charge me an additional $500.
Does it really work like that. I just dont understand the benefit of having a conveyencor then.
Could someone please assist me on this.
Thanks,
newbi2
Member
@newbi2
Join Date: 2008
Post Count: 227
October 23, 2008 - 12:03 pm
I had to recind a contract last year in QLD and from memory it cost about an additional $350 for them to draft it up. Remeber, anything additional to standard is charged at an hourly rate.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
October 24, 2008 - 3:49 am
This is a good reason why you should never use a conveyancer. They cannot provide legal advice, but just do the transfer. If some problem comes up they are useless.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
October 24, 2008 - 3:55 am
I have never paid anything in Qld for a contract that has been extended or terminated.
In saying that admitedly i use a Solicitor just pay conveyancing prices.
Richard Taylor | Australia's leading private lender
god_of_money
Participant
@god_of_money
Join Date: 2008
Post Count: 970
October 24, 2008 - 4:06 am
Yeupp.. use solicitor or property lawyers mike… conveyancer?? you will be better do it yourself…
I know is more expensive but… you pay for what you receive.