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CONVEYANCING

(THE LEGAL WORK ASSOCIATED WITH BUYING OR SELLING REAL ESTATE)

Conveyancing charges fall into the following categories:

 

  • Residential sale or purchase.

  • Commercial sale

  • Commercial purchase

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Residential sale or purchase

 

My fixed price for a  standard sale  of established residential property is $1695 plus GST and expenses.​  

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My fixed price for a standard purchase of established residential property is $1795 plus GST and expenses.​  

 

For a sale $650 plus GST and expenses is payable production of your Section 32 (and Contract if applicable) with the balance payable on the day of settlement.

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For a purchase my fees are normally payable at the end of the transaction (settlement).   If you end a purchase contract (cool off, do not get finance) a pro-rata portion of my fees will be payable for legal work done on your behalf to that point. 

 

For a Contract/Section 32 statement review prior to making your offer to purchase, fees are usually payable up front.   

 

In all cases I will provide you with a Cost Disclosure Statement at the start of the matter.

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What are expenses ?

 

Expenses are  usually referred to as disbursements.  These are the cost of certificates and searches that I incur to comply with the law (sale) or to protect your interests.  These include  title searches and other property searches from rating authorities and other Victorian Government Entitles such as the Ministry of Planning & Environment and the State Revenue Office. They also include Verification of Identity to comply with the Australian Anti Money Laundering legislation. I pass on these costs  without any loading. You pay what I pay.  


Commercial sale

 

  • Sale of a vacant commercial premises $1995 plus GST and expenses.

  • Sale of vacant commercial land $1995 plus GST and expenses.

  • Sale of tenanted commercial property - depends on complexity ie number of leases, licenses etc.
     

Commercial Purchase

 

  • Purchase of vacant commercial premises $2295 plus GST and expenses

  • Purchase of commercial land  (vacant) $1995 plus GST and expenses.

  • Purchase of commercial property (tenanted)- depends on complexity

 

SMSF purchase

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  • Purchase into an SMSF (no loan) $1895 plus GST and expenses

  • Purchase into an SMSF (limited recourse loan) $2295 plus GST and expenses  

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When will additional legal fees be incurred?

 

The above estimates are for routine conveyancing transactions completed in accordance with the Contract of Sale.  Additional legal fees apply for non routine work such as managing disputes and preparing and negotiating changes to your contract of sale.  For full details, please ask me to provide a Cost Disclosure 'Statement.

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PURCHASER PRE-CONTRACT REPORTS

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A pre-contract purchase report (a legal review of your section 32 statement and contract and a written report) are  normally $495 plus GST for an established residential property (not off the plan).  If there are complexities that mean the review and report take more than 2 hours, additional fees may apply.

 

Pre-Contract reports must be paid for in advance by deposit to my trust account.  If you would like a pre-contract purchase report please email the contract and section 32 to jenny@jlslaw.com.au and I will send you my trust account details for payment to be made.

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Please see tabs ‘Conveyancing – Residential Sale‘, ‘Conveyancing – Residential Purchase‘ and ‘Commercial Conveyancing‘ for more information.

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