All Topics / Help Needed! / Contract of Sale

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  • Profile photo of AlexiaAlexia
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    @alexia
    Join Date: 2011
    Post Count: 28
    August 31, 2011 - 3:44 am

    Hi All,

    I was just wondering on a Contract of Sale where is the section where you put how the proerty is purchased eg – joint tenants or tenants in common?

    All I can see is under the Purchaser Part where you put your name, address etc…on the contract.

    Sorry if this sounds like a stupid question guys.

    Thanks

    Alexia

    Profile photo of Mick CMick C
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    @shape
    Join Date: 2010
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    August 31, 2011 - 5:05 am

    IT depesn on the contact….no real standard contract- but normally for a NSW 2005 COS is on the page where u sign- page 6-7 roughly

    Regards
    Michael

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    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
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    August 31, 2011 - 7:42 am

    I may be mistaken but I thought it was on the transfer document, it doesn’t matter one iota to the vendor.

    Profile photo of DerekDerek
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    @derek
    Join Date: 2004
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    August 31, 2011 - 9:37 am

    Which state?

    In WA contract (offer and acceptance) requires breakdown of ownership to be shown at time offer is submitted.

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
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    August 31, 2011 - 11:40 pm

    in NSW it is on page 1 of the contract and you need to specify on the transfer doc too.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Profile photo of AlexiaAlexia
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    @alexia
    Join Date: 2011
    Post Count: 28
    September 1, 2011 - 1:13 am

    Hi All,

    Thank you for your response guys!

    Im from Victoria so what I've been told is that under the Purchase section –  Name part on the contract of Sale you put:

    Mr X & Mr J as tenants in common in equals shares or split ownership. Mr X 60% & Mr J 40%

    If it was just husband and wife then you don't have to put joint tenants afer your names as you will be noted as joint proprietors on the transfer.

    Hopefully this sounds correct!

    Alexia

Viewing 6 posts - 1 through 6 (of 6 total)

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