Property & Conveyancing

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Option Fee or Deposit?

In a recent decision of the NSW Court of Appeal, the Court unanimously dismissed an appeal from a purchaser seeking to recover a purported deposit paid under a terminated Contract. This case highlights the difference between an option fee and a deposit and serves as a reminder of the importance of drafting in legal documents. […]
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What is Conveyancing?

Conveyancing is the legal process of buying or selling property including legally transferring title for the property from the vendor to the purchaser. A licenced conveyancer or solicitor is a professional who understands the laws surrounding property purchases and sales. There are three stages to the conveyancing process, namely pre-contract, exchange and settlement. Pre-Contract At […]
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