Deposits in Queensland Conveyancing transactions
Confused about the different references to DEPOSITS in conveyancing transactions? There are generally references made to two types of deposits in a property / conveyancing transaction.
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Busting Will myths
Certainly, the statement can be made in the Will but legally a loan has to be called up by way of legal action within a period of six years as determined in the Limitations of Actions Act 1974 (QLD). If the loan is not called up within the 6-year period, there may be no legal basis for a claim to repay the loan to the estate or set it off against a child’s share.
Bicycles and the road
Bicycles are a type of vehicle and bicycle riders have the same rights and responsibilities as motorists when using the road. The best way to describe the above is to think of a bicycle rider as a motor vehicle on the road. Yes, they are slow and may be annoying to some motor vehicle drivers… but bicycle riders have a right to be on the road.
Queensland Conveyancing Process
Conveyancing is the process of transferring ownership of real estate from the seller to the buyer. The conveyancing process is generally the same throughout Queensland.
Do you want to SELL and BUY at the same time?
Then do both processes simultaneously and contemporaneously. With the right help… you can time your settlements in such a way they settle simultaneously and do not overlap and leave you in a difficult situation.
Deposits in Queensland Conveyancing transactions
Confused about the different references to DEPOSITS in conveyancing transactions? There are two types of deposits in a conveyancing transaction which people refer to.
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