What is a settlement statement?

A settlement statement is basically a statement that contains all the apportionment of outgoings and liabilities attached to the property and required by the contract to be adjusted. The items that are usually included in the settlement statement are mortgage discharge fees, rates, water charges, body corporate levies, rent, etc. The information that is needed to prepare a settlement statement is collected by your conveyancing lawyer from the contract, searches, other professionals that are related to the transaction, such as the property manager. The settlement statement will tell the buyer how much they need to pay the seller at settlement, which would then help the buyer determine how much they will need to prepare in their short fall account. The settlement statement is generally available to the parties to review about 5 days before settlement. It is important to understand though that the settlement statement is subject to change prior to settlement and is only a draft until se

LEAD Conveyancing Brisbane moves offices to Suite 5, level 18, 324 Queen Street, Brisbane QLD 4000

QLD Based conveyancing firm LEAD Conveyancing Brisbane announced on Friday that they have moved to a new establishment blocks away from their previous office location. They recently relocated to one of the state-of-the-art establishments in the street of Queen, a migration that benefited them and their clients. Moving from Level 54/111 Eagle St, Brisbane City QLD 4000 to Suite 5, Level 18, 324 Queen Street, Brisbane QLD 4000 , the new location is accessible by personal and public transport and can be easily seen while driving down the road, and it is convenient for their current and new clients. Apart from the new location’s better accessibility, their decision to relocate was made to ensure they give a cosy atmosphere to their clients. They want their clients to feel comfortable while at their office. The space provides a better work environment for the team and gives a more professional setting for their clients. The spacious place allows the team to collaborate easily with one ano

5 Conveyancing Tips for First Home Buyers

First time home buyers would generally find difficulty in finding the most suitable apartment. Some even resort to paying for any first home that comes within their preferred price range. This should not however be the case. It is important to carry out initial property conveyancing well before signing the deal. Regardless of whether you are a first time home buyer or are active in the real estate business, it is important to get some conveyancing done first. Basically, this is like reconnaissance or feasibility in project settings. It is important to understand the current business situation and value price of any home before giving in. For many people the term, conveyancing has not been really understood. In fact it still creates lingering questions in the minds of many and especially new real estate business entrants. Anyone around the world today who is looking to buy their first home needs to understand what conveyancing is and how it helps them in buying property. Read More: 5 Co