CANBERRA & AUSTRALIAN CAPITAL TERRITORY
WHAT SERVICES DO WE PROVIDE?
We offer a widespread range of commercial and residential Canberra Conveyancing services for all types of property including:
- Residential sales and purchases
- Business sales and purchases
- Title transfers between relatives
- Commercial conveyancing
- Wills & related documents
- Registration of your plan of subdivision
- Pre purchase contract advice
- Related party transfer of ownership
- Off the plan sales
- Contract advice
- Contract preparation
ABOVE AND BEYOND
Our lawyers go through the most stringent assessment and training procedures, they are highly trained before becoming a Jim’s Conveyancing franchisee owner as we want to make sure our clients get the best possible outcome in every situation.
We know that buying and selling property in Conveyancer Canberra & ACT is not an easy task with different rules applicable in different areas, but with Jim’s Conveyancing Canberra as your property lawyer you can be rest assured we have the local expertise to assist you throughout the buying/ selling process.
Jim’s Conveyancing offer a pre-purchase contract review, we’ll help you identify any issues in the contract so you have a better understanding of your legal rights and requirements.
WHERE ARE OUR FRANCHISEES AND WHERE DO THEY OPERATE?
Canberra is a beautiful city in a landscape. Jim’s Conveyancing is extending its reach to the suburbs and towns of ACT including Belconnen, Fyshwick, Philip, Braddon, Griffith, Barton and many more suburbs in the near future.
We provide local, specialised information for our lawyers in the ACT, with ongoing training to ensure our clients are protected and given the best advice every stage of the way in the property Canberra Conveyancing process!
Our aim is to make sure the process is stress free as possible for you.
WHAT IS DIFFERENT ABOUT CONVEYANCING IN CANBERRA AND THE AUSTRALIAN CAPITAL TERRITORY?
In the ACT, if you’re purchasing a land, you’re not actually buying the land, instead you’re buying into a 99 year term Crown lease. Technically the government owns the property, but as the Crown lessee/ registered proprietor, just like anywhere in Australia, you have exclusive use of the leased land, so you can build your house and enjoy it just like as if you owned it.
So what happens when the lease expires? The first 99-year leases granted will expire in 2023, but many lease renewals have already been issued, but provided that the land is not required by the Territory or Commonwealth, the Territory will grant a new residential lease towards the end of the 99 year period to the person holding the old residential lease, without payment other than an administrative fee, giving the lessee continued security.
If you are selling land in the ACT, you can sell your Crown lease provided you have met requirements by the building and development covenant contained in the lease or acquired consent.
Unlike other states in the ACT all conveyancing work must be done by a law firm, so it doesn’t matter if you go with a conveyancing company or a law firm in the ACT as they are all the same.
In the ACT, if you are selling, a marketing contract for the sale of residential property must be prepared by the seller or the seller’s solicitor, this must be ready before you offer your property for sale. The contract must contain title searches, Crown lease conditions, a building report, pest report and energy rating report. This contract must be available for buyers as it contains technical and legal details they need to know about the property before they make an offer to purchase.
When negotiations have been discussed between the seller and the buyer, the agent will send sales instructions to the seller’s solicitor, where they can then prepare a formal contract of sale based on the marketing contract with the negotiated terms included.
In the ACT, the seller is required by law to obtain all the required documents that accompany the contract for the sale of residential property. The purchaser is required to reimburse the seller for the cost of the building and compliance inspection report and the pest report, generally at the time of settlement.
Once contracts for sale of residential property are exchanged, the buyer has 5 working days cooling-off period, during which the buyer may withdraw from the contract, unless you waive cooling off rights. If you withdraw from the contact for the sale of residential property during the cooling-off-period, it must be put in writing, and the buyer must pay the seller a forfeiture from the deposit equal to 0.25% of the purchase price.