Finalising The Conveyancing Transaction

Added on - 05 Jun 2020

  • 24

    Pages

  • 8321

    Words

  • 76

    Views

  • 0

    Downloads

Trusted by +2 million users,
1000+ happy students everyday
Showing pages 1 to 6 of 24 pages
Finalising The ConveyancingTransaction
TABLE OF CONTENTS1 Classification of the property..............................................................................................52 Real property Includes.........................................................................................................53 A chattel become a fixture to land.......................................................................................54 The Victorian government will acquire land and commonwealth will acquire land..........55 Authorities is suggested a refrigerator is likely to be..........................................................56 Property may be co-owned by more than 2 partners...........................................................57 Severing the joint tenancy...................................................................................................58 The word which determines the sever of joint tenancy.......................................................59 The death of one of a joint tenet than the property will transfer to.....................................510 Analysing the interest of B and C in the case....................................................................511 Ascertaining the requirement of factors which determines a pool as chattel....................512 Replacement and abolishment of the Estate Agent Licensing Authority..........................613 Advising Fiona a legal solution.........................................................................................614 Analysing the term Caveat Venditor.................................................................................615 Ruling DA.048..................................................................................................................616 Ascertaining the section 32 of the sale of Land Act 1962.................................................717 Analysing the settlement over the breach of contract.......................................................718 Advising Keiko on the life tenancy and estate fee simple.................................................719 Restrictive covenant can become an incorporated in title.................................................820 Advising the likelihood of the stamp duty under the Duties Act 2000.............................821 A license gives or grants the exclusive possession of land...............................................922. Unregistered mortgage of Torrens system land................................................................923. Pledge of goods is.............................................................................................................924 Lien of goods.....................................................................................................................925 Unregistered lease of land.................................................................................................926 Lease of land......................................................................................................................927 Bona fide purchaser...........................................................................................................928 Unconscionable mortgage of an estate..............................................................................929 Applicability of the Caveat Emptor..................................................................................9
30 The rights of a purchaser will be affected by the acceptance of title in accordance with thesection 27 and 32..................................................................................................................1031 Determining the circumstances with the vendors statement...........................................1032 vendor's insurance policy................................................................................................1033 Tenancy at will................................................................................................................1134 Landowner grants permission to another person to use the land.....................................1135 Landlord allows tenant to enjoy the leasehold land........................................................1136 Joint registered proprietors of an estate in fee simple.....................................................1137 Joint tenant of an estate in fee simple for Harry and Sue................................................1138 Pledger of a choice..........................................................................................................1139 Techniques to avoid the stakeholder pending deposits in a private sale from co-operativepurchase and vendor............................................................................................................1140 Joint tenancy in fee simple will have impacts of stamp duty if the ownership passes toanother person......................................................................................................................1241 Influence of the new transfer in defeating partition application......................................1242 Advising Harry over the transactions for purchasing the apartment...............................1343 Bringing up the action in the county court or Magistrates court which will be heard in theVCAT...................................................................................................................................1344 Obligation over the vendor in disclosing the carport built..............................................1445 Requirement of the payment must be made by vendor of the mortgage settlement.......1446 Discussion over vendor disclosures.................................................................................1447 Cool-off of the purchaser in the relevant circumstances.................................................1648 The transfer of property on the two titles........................................................................1649 Requirement of the documents for the conversion to a transfer of title..........................1750 Advices for not making the payments of GST and less payment in Stamp duty............1751 The payment of the GST as lease on new warehouse.....................................................1852 Determining the two system of land ownership..............................................................1853 Parent Title......................................................................................................................1854 Analysing the terms relevant with Legal personal representatives.................................1855 Determining the 2 qualification of the general rules.......................................................1956 Effects of Mental incapacity on a contract......................................................................19
57 Calculations for the stamp duty over the property costs.................................................1958 Measuring the LTO lodgement fee on the following transfer.........................................1959 Analysing land registry office fee on lodgement plans...................................................2060 application of margin scheme on newly constructed flat................................................2061 Analysing the difference among valid and void contract................................................2062.........................................................................................................................................20W1 Analysing the policies and procedure of the invoicing in firm.....................................21W2 Analysing the terms of the invoices payments..............................................................21W3 Holding the client file for tax practitioner and conveyancing.......................................21W4 Analysing the process of closing and archiving the files in the business......................22REFERENCES..............................................................................................................................23
1 Classification of the propertyD. Is a combination of reality and personality (Grafton and Wheeler, 2018)2 Real property IncludesE. all of the above3 A chattel become a fixture to landD. When it is placed on land so that a reasonable person would expect it to remain andbecome permanent (Schöttker and Wätzold, 2017)4 The Victorian government will acquire land and commonwealth will acquire landB. Th crown is properly represented by the commonwealth in consideration of the land.5 Authorities is suggested a refrigerator is likely to beB. A chattle6 Property may be co-owned by more than 2 partnersA. Joint co-owners7 Severing the joint tenancy.D. When joint tenants become the tenants in common (Warren, Elliott and Staines, 2017)8 The word which determines the sever of joint tenancyD. the joint tenancy will be severed as if the partner said “ I herby rebut the common lawPresumptions”. (Blakeney, 2017)9 The death of one of a joint tenet than the property will transfer toC. it will automatically transfer to the surviving joint tenant without any influence ofexternal parties or laws.10 Analysing the interest of B and C in the caseA. they will be Life tenant and joint tenant (Blakeney, 2017)11 Ascertaining the requirement of factors which determines a pool as chattelThe 6x3x1 meter above ground pool will be denoted as a chattel because it will havemovability and mobility (Flynn, 2017). The chattel make its presences as per the weight whichplaced on the ground. However, here the childproof fence will be considered as a chattel by thecourt.
12 Replacement and abolishment of the Estate Agent Licensing AuthorityThe replacement and abolishments of the Estate Agent Licensing Authority is with theConsumer Affairs Victoria.13 Advising Fiona a legal solutionIn relation with such kind of fraudulent act incurred in with Fiona she has to suit the casein against the responsible party and claim the damages. On the other side the fee simple contractassures that the person may acquire the land and van make the development as well as can utilisethe land for the long period. The unlimited duration of stay will be awarded here but the personis bound that he cannot sold out such property (Bryan, Vann and Thomas, 2017). This the mainexception which is being awarded to them. Here. Rob and Rick were partners in the business andRick take advantage of Rob's absence and make the unlawful deal with Fiona. Thus, Rick hasincurred damages to both the parties such as Fiona and Rob. The consideration amount waspayable by Fiona was 650000 on which 400000 was the mortgage loan taken by her.On the basis of such circumstances it can be said that, Fiona can claim and indefeasibletitle because she is the Bona fide purchaser for the value and conditions implied with theproperty without notice (Hayward, 2017). Therefore, in relation with such terms it will be duty ofthe seller to tell everything and disclose every information which were relevant with suchtransactions. However, in accordance with such terms and condition it will be determined thatshe has rights to suit the case against the Rick and can claim damages from him.14 Analysing the term Caveat VenditorThis is the Latin term which considers that the seller beware in making the contractualagreement. Thus, this terms is counter to the terms Caveat emptor as it determines that the sellercan be deceived in the market transactions (Caveat Venditor Law and Legal Definition,2016).However, it forces the seller to take proper responsibility of the products which were to be sale tothe consumers need to be in good quality as well as they must receive the appropriateconsideration amount over it.15 Ruling DA.048In accordance with this ruling which determines that the applicant applied for the salewhich is on the concession of the off-the plan (DA-048,2017). It also rectifies the changes in thenumbers of the consideration payable over it.
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document