Client Onboarding Process and Guidelines

This assignment provides an in-depth analysis of the client onboarding process, including its significance, essential steps, and effective guidelines. It explores the importance of onboarding in building strong client relationships, managing expectations, and ensuring a seamless transition from prospect to client. The assignment also delves into the role of technology, such as software and tools, in streamlining the onboarding process, reducing errors, and improving overall efficiency.

Identify and conduct
searches

Table of Contents
INTRODUCTION...........................................................................................................................1
1. Process of taking new clients in organization and elements which they need to bring with
them.............................................................................................................................................1
2. New privacy principles and its impact on industry ................................................................2
3. Policy or procedures required during uncertainty in identity of client...................................3
4. Cost of title search and who do need to contact......................................................................4
5. Documents required for transfer of title and related cost........................................................4
6. Requirements for first home buyers and benefits they are eligible for...................................6
7. Components of land register book..........................................................................................6
8. Difference between register search and final search as well as elements of search................7
9. Difference between searching process to investigation of title...............................................8
10. Acquisition of copy of new property land title and suggestion to James by writing a letter 9
11. Awareness while buying a land and business elements to considered................................10
11A. Statement needs to be given while sale of business.........................................................11
12. Five aspects which not be recorded on title.......................................................................11
13. Suggestion to a client on renovation and garage that was built four or eleven year ago
while selling his\her house........................................................................................................11
14. Explanation on lodge a caveat and remove a caveat...........................................................12
15. Outcomes and technique of achieving target after agreement between client and agent for
acting on behalf.........................................................................................................................13
16. Outcomes of not having PI and PL insurance and place for acquiring this........................13
17. Role of section 34 in all properties and process adopted by purchaser to avoid this contract
...................................................................................................................................................14
18. Professional involved in conveyance..................................................................................14
19. Regulation and compliance changes...................................................................................15
20. Changes in conveyance by putting yourself in a person place............................................15

21. Techniques of ensuring that there is absence of errors made in transaction.......................15
22. Role of S34 in all dwellings and procedure followed by purchaser for avoiding contract. 16
23. Is there any changes in legal position of purchasers due to sale of land act from caveat
emptor to caveat vendor by incorporating section 32...............................................................16
24. Deposit be released notwithstanding the purchaser has not authorised the release or
objected.....................................................................................................................................17
25. Sebastian do anything to force Patrick to release the deposit ............................................17
26. Type of fees can Fee notices be used for...........................................................................17
27. Registration of a dealing effected under the Property Law Act..........................................17
28. Criteria for concession eligibility.......................................................................................17
28 A. Value to which the exemption or concession (above) applies........................................18
29. GST payable on the rent received for a commercial property and who is responsible for
payment.....................................................................................................................................18
31. Due fees and documents required for a plan of subdivision...............................................19
32. Five ways a covenant can be removed and explain the difference between a covenant and
a caveat......................................................................................................................................19
CONCLUSION..............................................................................................................................21
REFERENCES..............................................................................................................................23
REFERENCES .............................................................................................................................26

INTRODUCTION
Business laws are cluster of various types of norms, beliefs and acts on the basis of
different sections, rules or regulations in order to create an environment free from fraudulent
activities, crimes, wrongful acts and several exploitation. However, legal bodies of UK are
playing a major role in preventing individuals from frauds by enacting different types of laws
which are applicable as per the demand of situation. In fact, each and every person of society
must consider essential acts or fundamental rules designed under constitution in order to live
their life more comfortably or legally (Afuah and Tucci, 2012). Along with this, they must
follow necessary terms of legitimate bodies while running their day to day activities as well as
work.
Thus, assignment is going to highlight necessary formalities which must be considered by
an individual and organization during transferring of title as well as possession. Moreover, an
effective registration process that is followed by entire community is also outlined in this project.
Additionally, essential elements of business selling, procedure of transferring title, stages of
insurance, its significance and roles of different legal members in title conversion are going to be
framed in this assignment. Hence, it has been analysed that fulfilment of legal formalities is
indispensable for reducing the chances of fraudulent activities because it may hamper the life of
common people and discourage them. Last but not the least, overall report is showing a major
impact of distinct identity acts, norms or laws which is applicable on individual, common people
and whole corporate world in order to run their job role in much better way.
1. Process of taking new clients in organization and elements which they need to bring with them
An organization needs to follow an effective procedure while entering a new consumer
in an organization for minimizing the chances of frauds and confusions. Basically, it is highly
indispensable to consider necessary terms or conditions while introducing a property to specific
purchaser (Armstrong and et. al., 2011). Thus, as per the common law, buyer needs to cover
certain building for enhancement from day of sale but in current time frame, legitimate body is
modifying this circumstance. Therefore, an effective process of appointing new client is
described as follows:
 Sharing templates with consumers
 Design structure folders and sub-folders
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 Needs to configure client permission
 Options to documentation of appropriate process
Hence, above process is used by company for taking new customers in an association.
Apart from above steps, some other additional phases are also considered while conducting this
process.
(Source:- Sculthorp, 2017)
As per graphical representation, it has been identified that proper steps are followed by
the organization by considering necessary facts or figures.
Along with this, mandatory things that needs to consumer to bring with them are
highlighted below:-
 Legal documents if available any,
 Personal verification document
 Certificates
 Forms
All these above components requisite during participating into contract or dealings (Battelle,
2011).
2. New privacy principles and its impact on industry
Legal bodies are implementing various appropriate acts for preventing confidential
information from exploitative person as well as hackers. Along with this, number of frauds are
identified which always try to misuse the private data of specific identity. Therefore, useful
principles are determined by legitimate bodies for defending several facts or figures related with
2
Illustration 1: A Guide To Client Onboarding

distinct individuals. Thus, some of the mandatory principles of privacy are going to be explained
further: Lawfulness, fairness and transparency: - According to this factor, it is essential to
disclose the subject whatever data is going to be processed. Along with this, needs to be
fair by fulfilling the necessary legal terms. It means an effective process needs to be
tested under GPDR. Purpose limitation: - As per this term, an organization needs to use specific information
for major purposes which is mentioned in article 5 clause number 1 (b). It means before
using confidential facts, an association needs to take prior consent (Biggs and et. al.,
2013). Data minimization: - Information which was accumulated must need to be precise,
relevant or limited as well as gathered whatever is required instead of unusual. Accuracy: - As per article 5 clause number 1 (d) up to date and accuracy needs to be
maintained. Storage limitation: - In this article 5 clause number 1 (e) expressed that personal data
needs to be maintained in that form which allows identification of information subjects
for specific time period. Integrity and confidentiality: - According to this element, processors need to manage
effective content in an appropriate way.
Hence, it has been analysed that above six privacy principles provide high level of
overview of specific areas which are covered by new regulation.
3. Policy or procedures required during uncertainty in identity of client
In today's scenario it has been observed that number of fraudulent activities are identified
at workplace for gaining maximum benefit by harming others. Basically, an appropriate process
needs to be conducted while occurrence of uncertainty in identity of client as well as property
(Borucki and et.al., 20). Therefore, initial step is to verify necessary documents for identifying
the wrongful conduct due to which legal bodies are encountering number of issues or problems.
Along with this, an enterprise or identity handler needs to follow specific procedure or proper
steps to conduct verification process in much better way. Therefore, mandatory documents
requisite for identity confirmation are mentioned below:-
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 Local passport or foreign as well as driving licences, photo card as well as marriage
certificate if there is need.
 Birth certificates and nationality proof.
Apart from this in the case of property some other phases needs to be considered which is
written below:- Investigation:- According to this component it is essential to gathered necessary
information by researching before entering into a contract in order to avoid chances of
loss, frauds or wrongful conduct because it may hamper the overall agreement (Brunt and
et. al., 2011). Thus, purchaser need to answer following question that is; is it where want
to live? , can I afford it?, how much are the transaction cost?
 Vacant ownership versus subject to occupancy:- There is a major difference between
home buyer and investor from which home purchaser always wanted empty possession of
specific land while settlement whereas investor buy it for lease.
Instead of above steps legal bodies are implemented some of the useful terms or
conditions in order to verified uncertainty which might occurred during transferring of ownership
from seller to buyer.
4. Cost of title search and who do need to contact
Identification of title is not an easy task and it vary from country to country due to
distinguishes in currency rate. For example; American legal bodies are charging almost 75 dollar
to 100 for identifying title whereas different nations are costing fluctuates. Basically, various
consumers are engaging several procedures for acquiring suitable title to particular individual.
Thus, a person whomsoever wanted to gain specific or different title needs to contact “statutory
searchers” which consist of various number of necessary elements or components (De Jong,
Linn and Zacharia, 2013). For example; a title search, land information certificate, building
permits, building certificates, road certificates, owners corporation certificates and so on. Hence,
it has been assessed that legal bodies are playing a major role in assigning suitable title to
appropriate person.
5. Documents required for transfer of title and related cost
Legal bodies was enacted different laws, norms, beliefs, rules or regulations which must
be followed by parties while transferring property from one person to another. In fact, it is
essential to consider necessary terms, conditions, fees, taxes as well as other expenses in order to
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fulfils legal formalities. Thus, some of essential components or documents which must be
consider while transferring title are describing underneath :- Stamp duty on transfers:- One of the indispensable factor while doing registry process
because until unless land is not stamped further procedure will not take place. Tax payment:- For acquiring possession of specific land an individual needs to pay tax
which is also known as a duty and it must be paid within around 30 days of settlement for
minimizing the chances of penalties (Deshpande, and et. al., 2014).
 GST and conveyancing:- It is essential to pay this tax that is of almost 10% during
supply of maximum goods or services which is manufactured by European marketplace.
Along with this, it has been analysed that this act is known as new tax system act of 1999.
However, main objective of this act is to final user of product is going to bear the
drawback of tax instead of business whomsoever is supplying particular product.
Furthermore, an organization or individual needs to gathered useful documents while
transferring possession are:-
 Original registration certificates.
 Notice of possession transferring as well as single image of seller or buyer together and
dully signed.
 Residential certificate.
 Personal verification cards such as licence , nationality and so on.
 Transfer deed which is a necessary document must requires during transferring of real
property from legal owner to other party.
Hence, it has been understood that transaction is not an easy task because it is consuming
an appropriate procedure due to high range of complexity which may occurred while performing
this activity. Along with this, participation of maximum number of members are taking place.
Moreover, it will consume maximum amount of fund due to availability of various legal players
(Ferguson and Brannick, 2012).
Cost of transferral title is assume around 600 euros due to involvement of maximum
number of individual as well as long process.
6. Requirements for first home buyers and benefits they are eligible for
According to legal bodies an appropriate federal housing administration is seen as famous
choice for first time buyers because it will offer house on minimum down payments. For
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example; only almost 10% required for borrowers because they are not having much more funds.
In fact, main objective of home purchasers is to acquire best possible benefits from housing
bodies. Along with this legitimate bodies are offering this facility in order to facilitate distinct
individuals with necessary facilities. Hence, benefits acquired by home buyers are described as
follows:-
 Eligibility to receive maximum amount from Federal housing association in order to
acquire required facilities.
 Need to pay stamp duty on purchase which means it is essential to pay land transfer duty.
 Individual buying home are eligible for various exemptions, concession and reduction
from stamp duty on specific property (Fujimura and Rajagopalan, 2011).
Apart from this, various other types of benefits consumed by home buyers are ; -
 Reduction is a one-off duty up-to 50% if an individual is entered into agreement before 1
July 2017.
 Pensioner concession.
 PPR concession which means principal place of residence.
 Concession offered to farmers like youngsters while buying their first or foremost land
or property to grow crops.
7. Components of land register book
Land registration is an appropriate process which highlight the effective systems that
primarily concerning ownership, possession as well as other rights on property must be recorded
in this book. Along with this, it also provide evidence of title, facilities of transactions by
preventing unlawful disposal. However , whatever information is recorded is vary as per
jurisdiction decisions (Furlong and et. Al ., 2013). Additionally, land register book is going to
cover all the necessary elements which must be considered while registration process in order to
avoid chances of losses, frauds or wrongful conduct. Thus, various essential components of land
register book are described as follows:-
1. Name of seller and buyer as well as their identity information.
2. Plot information such as; size , locations and so on.
3. Dimensions of overall data.
4. Value.
5. Identification
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6. Charges.
7. Necessary certificates.
8. Mapping or surveying of specific land.
9. Clear legal bases and high legal guarantee.
10. Federal or legal license for surveyors.
Hence, all the above elements needs to be considered while registering a land in order to
control wastage, fraudulent activities and wrong registry because it may have a greater impact on
both the party (Grissom and Loeb, 2011).
8. Difference between register search and final search as well as elements of search
Land registry is a very long process which consist of appropriate process, techniques or
tools in order to manage each or every aspect in effective manner. Basically, an individual and
legal party of them are considering necessary documents during identification of land. Thus,
major difference between register search and final search is describing as follows:-
Register search Final search
 According to this term agent or any
legal members needs to verify
document of necessary information or
data in manual way. It helps them in
understanding the fact related with
acquisition party.
 This process is conducted manually
with the help of useful facts or figures.
 Final search is considered as a last
process of verifying the land registry
documents by seeing the object
practically. Basically, its about end
stage of registry procedure in order to
gain final information or proof.
 Whole procedures is going to held
practically by searching the land in a
applicator form (Gu, Park and Konana,
2012). For example; by acquiring
picture of specific place, nearby
locations are so on.
Hence, above information shows that both the term are indispensable for completing
overall procedure of registering land from one party to another. Basically, most important reason
for conducting these stages is to verify entire data in both manner practically as well as manually
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in order to avoid the chances of loss. Apart from this, some of the essential elements which must
be considered during searching process is explained below:
 Personal verification of buyer as well as seller.
 Need to visit at site for cross checking.
 Involvement of legal agent.
 Registration process of title transferral.
 Documents of land.
 Stamp duty.
 Various significant forms (Hannak and et. al., 2013).
9. Difference between searching process to investigation of title
After considering both the procedure it has been analysed that final search or register
search is directly connected with investigation of title because in both the term agent needs to
identify the actual property holder of land in order to make final decision. However, there is not
that much difference as objective of searching process is same as investigation procedure
because it may help in identifying the actual holder of specific land. Apart from this, there is a
few elements that are identified which shows the little bit difference between both the procedure
of searching. Hence, it has been described below:-
Investigation of title Register search/ Final search
 According to this term it has been
understood that if a legal agent or any
individual is going to investigate
necessary information about specific
land or title without considering
documents are falls under this category
(Harman, Mansouri and Zhang, 2012).
 This process is considered as a initial
step.
 Whereas, register search is all about
identifying title information recorded in
a document in a manual way for
analysing corrective information.
 On the other hand, final search or
register search is last step of title
researching because in this phase
projected information is going to
compared with actual data.
Thus, it has been analysed that investigation of title is highly differ from final search due
to its procedure or roles towards parties. On the other hand it has been understood that objectives
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of both the terms are similar but difference in some extent due to which their way of processing
is distinct with each other.
10. Acquisition of copy of new property land title and suggestion to James by writing a letter
James needs to follow specific process for acquiring copy of his new land in order to
fulfil each or every aspect of registry process. Basically, James needs to follow specific
procedure while conducting this activity. However, HM Land registry is an appropriate place
which is responsible for storing necessary data, information and all the title deeds in order to
prevent it from frauds (Henderson and et.al ., 2011). Thus, an appropriate process needs to
followed by James while acquiring document is described below:-
 First or foremost step is to contact with legal agent or lawyer in order to understand
specific terms or conditions.
 Need to identity the property or land which is registered.
 Its time to download title register through online services in order to identify the number
of property title as well as to find out whether the HM land registry grasp a copy of
specific deeds.
 Now, candidate needs to fill the deeds request form.
Hence, it has been analysed that an individual or purchaser needs to follow above specific
process in order to overcome chances of wrongful conduct and misinterpretation (Huang, White
and Dumais, 2011). Thus, appropriate letter for James is going to cover above necessary process
by showing the actual or corrective place for acquiring copy of title. Hence, an appropriate
format of letter is designed as follows:-
To,
James,
Date: March 17, 2018
Subject:- Suggestion on acquiring copy of title.
As a lawyer or legal authority it has been advised that you have to hire a legal
member for understanding the necessary terms or conditions of legitimate bodies in order
to fulfil all the mandatory requirements. Mainly, he needs to contact HM land registry for
getting their necessary documents by verifying indispensable information.
Moreover, above process is also going to mentioned in this letter for making
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understand James in much better way. …...............................................................
From
Legal adviser
(Sign)
11. Awareness while buying a land and business elements to considered
It is not easy to buy a new land due to long process as well as availability of numerous
process while registering a land. In fact, legal members needs to support purchaser while buying
a title (Jalali and Wohlin, 2012). Therefore, some of the essential things which must be cleared
while buying process is described as follows:-
 Need to ensure that owner of the land by analysing sale of deed, records related with title
and so on.
 Change of land certificate.
 Considered all the approvals.
 Clauses of allocation letter.
 Need to assess the buyer agreement.
 Visit site before going for necessary process.
 Need to confirm each or every aspect.
 Original title deed.
Hence, an individual needs to aware about relevant information related with land or
property in order to minimize the chances of loss, misinterpretation or wrongful activity. Hence,
some of the essential elements which must be considered while buying a land is explained as
further:-
 NoC from bank if there is involvement of loan on land.
 Need to share certificate from community if there is case of cooperative housing society.
 Bills and receipts of tax.
 Ownership certificate.
Instead of all this an individual needs to seen necessary items about organization in order
to overcome various changes barriers. For example; overview or background data, current
positioning, documentary information hence forth (Langville and Meyer, 2011).
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11A. Statement needs to be given while sale of business
Sale of business is a very long procedure because number of authorities are involved
while selling an association to other party. Basically, it has been analysed that if an individual
wants to sell their bushiness then they need to express positive statement in front of society for
selling it as soon as possible. Thus, some of the essential terms which is stated by entrepreneur of
an organization is explained as follows:-
 Current positioning of an enterprise in front of the buyer for acquiring their attention.
 Consumer relations with company.
 Techniques of running business entity.
 Previous turnover of an association.
 Initial investment of a company.
 All the necessary information as well as documents information while selling process.
Hence, entrepreneur of an organization needs to express all the statements in front of
consumers for analysing overall scenario of an association (Laursen, 2012).
12. Five aspects which not be recorded on title
According to legal terms it has been analysed that number of things are identified which
are not included in title because already numerous of things are involved under this. Along with
this, factors which are recorded in title are enough for understanding necessary elements. Thus,
few elements that are not recorded in title are described as follows:-
 Verification documents.
 Other additional deeds which are not related with title.
13. Suggestion to a client on renovation and garage that was built four or eleven year ago while
selling his\her house
Legal bodies are playing a major role in assisting seller while selling their house to buyer
such as; steps to follow while transaction of possession, documents which required to verify
before handover of property and so on. However, as per given information it has been identified
that while selling a house owner needs to consider all the additional charges in their final amount
because investment is done by owner themselves only (McGuire and et. al., 2013). Basically,
during selling process client needs to analyse market rate of house by considering all the heavy
factors of specific building such as; renovation, creating changes in infrastructure, adding more
things, nearby locality as well as all the micro or macro factors. Main reason behind analysing
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these element is to make aware about the actual positioning of product that was going to sell.
Hence, it has been understood that client needs to consider current price of renovation as well as
value of garage with the help of several facts or figures.
14. Explanation on lodge a caveat and remove a caveat
Caveat is a term which means warning given a party to another one due to some unusual
act or action which may affect specific contract. Basically, it is kind of statutory dictation whose
main motive is to defend the registration of specific dealings with real title. However, caveat is a
term which is used by legal bodies for warning entire public that particular property is going to
used for some special reason such as; for making government buildings or any other thing. Thus,
word caveat denoted beware and lodging a caveat is all about giving warning to anyone who is
having interest in certain land. Hence, party whomsoever are lodging a caveat is seen as a
caveator (Misztal, 2013).
On the other hand remove a caveat is totally opposite of above one which means if a
person wanted to disburse the warning provided by other party is known as removal. Basically, it
means if party who is lodging is going to finish it then it falls under remove of caveat. Thus,
various number of techniques are identified which is used by legal bodies for overcoming this
issue is described below:-
 Lapses of caveat.
 Withdrawal of this process by obtaining its from caveator.
 According to section 89 (A) of transfer of land act an effective process is designed for
this by giving a application to registrar of titles.
15. Outcomes and technique of achieving target after agreement between client and agent for
acting on behalf
Yes, after a healthy or legal agreement between agent and specific client they(agent)
acquire the authority of acting on behalf of specific person in front of various members ,
legitimate bodies and so on (Peters and et. al., 2015). As a result, agent is also liable for any
mistake, errors, misinterpretation or various other activities which may conducted. However, it
may established after agreeing of both the parties and it may attained by following necessary
legal rules or regulations. In fact, it may happen in legitimate bodies such as; clients appoints a
lawyer for expressed their facts or figures in front of the entire members as well as in juridical
court. Hence, by following necessary sections or norms agent or their customers get succeeded in
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attaining particular target or objectives. It aids in minimizing the chance of mistakes and any
other error because it may affects the both the party.
16. Outcomes of not having PI and PL insurance and place for acquiring this
Insurance related with errors or omission are falls under this category which offers
indemnity for claim in order to carrying out a occupational services. However, it will not going
to cover various criminal acts, non-professional services like producing, installation and
workmanship. Basically, most of the small business organization are not opting PI insurance.
Mainly, there is major difference between public liability and professional indemnity policy
which is described as follows:-
Public liability Professional indemnity
 It is also known as a general or third
party liability whose main motive is to
offer defending services to third party
that are either injured or claims from
property damages (Petersen,
Vakkalanka and Kuzniarz, 2015) .
 This insurance is designed for public
association which are work in societal
spaces such as; restaurant that are
having an outdoor region.
 According to this term insurance is
providing prevention from claims
which is made while insurance period
and it resulted in a breach of
occupational obligation, agreement and
statutory duties.
 Whereas this type of insurance services
are necessary for professional adviser
whomsoever are assisting other such as;
financial consultant.
Hence, it has been understood that PL insurance are very helpful for public companies
because it helps in recovering wrongful activity like damages from fire, injury or any accident.
Thus if they are opting this one them they might have to face heavy loss which is not easy to
cover. On the other hand, absence of PI resulted in financial loss which may affect the profit of
an enterprise as well as wastage in monetary terms. Hence, an individual needs to contact legal
member for acquiring necessary insurance by following several legal rules or regulations. It
means, presence of legitimate authority is indispensable in order to overcome fraudulent
activities.
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17. Role of section 34 in all properties and process adopted by purchaser to avoid this contract
Yes, it is applicable on every type of property because main objective of law of property
act 1962 is to rectify various documents of possession in order to implement changes at
workplace. However, an appropriate procedure is adopted by buyer for ignoring the contract
such as; not taking active part in agreement, avoiding to verifying their documents, not following
legal procedures which automatically announced the contract void. As a result, contract becomes
nullified by legal bodies and agreement between buyer or seller become invalid (Small, 2011) .
18. Professional involved in conveyance
Conveyancing is an appropriate process of transferring possession from one party to
another by adopting suitable steps as well as with the help of professionals in order to avoid
chances of mistakes or errors. However, it is not easy to transfer one property to another because
it requires suggestion from various professionals leaders. Hence, five main professional which
are involved in conveyance process is describing below:-
 Brokers.
 Agents.
 Availability of juridical member.
 Parliament members.
 Solicitors.
Hence, all the above members plays a very eminent role while transferring properties in
order to control chances of misinterpretation as well as aids in creating a mutual understanding
between buyer or seller.
19. Regulation and compliance changes
Professional members of legal bodies are playing a very vital role in facilitating
consumers with necessary services by assisting them towards corrective path. Thus, it is essential
to plan an effective way for enhancing an individual personality by using various techniques or
methods. Yes, it is known as a CPD because it means continuing professional development is
indispensable for success of legal bodies as it aids consumers as well as members (Smith and et.
al., 2011). Thus, regulation or compliance changes is advantageous and suitable way of doing
this is going to be explained underneath:-
 Need to record it by highlighting learning objectives.
 Date
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 Area of subject.
 Techniques of learning
 Number of hours.
 Points if awarded.
 Learning result.
All these above things are mentioned while recording CPD in order to analyse property
development process. However, structured acquisition steps is always beneficial instead of
simple attending classes. Thus, due to which regulation or compliance changes are occurring.
20. Changes in conveyance by putting yourself in a person place
Transferral of title is not an easy task which requires suitable process or stages by
understanding the views or opinions of specific person in order to analyse each or every aspect of
situation. However, after having a self involvement in conveyance process it might little bit
change due to having right of legal authority (Spiegel, 2011). For example; if a legitimate
member is taking part in conveyance process then still have to follow legal rules or regulations in
order to fulfil necessary terms or conditions. But little bit liberty is given to them due to having
special rights.
21. Techniques of ensuring that there is absence of errors made in transaction
It has been analysed that organization may use number of tools or techniques for
identifying the quality of transactions, presence of errors or mistakes and several
misinterpretation which may have a major impact on company performance. However, number
of techniques are used for determining the lack of mistakes are highlighted as follows:-
 Software testing
 Purchasing card monitoring
 Cash controls methods
 Documentation
 Petty cash accounts
All these above tools are very useful in overcoming several issues faced by company
during transaction process as well as supports in identifying invisible barriers. Hence digital,
technical and documentation all are used in accomplishing business activities (Taylor and et. al.,
2011) .
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22. Role of S34 in all dwellings and procedure followed by purchaser for avoiding contract
Yes, it is S34 is applied in all the dwellings for overcoming several issues or barriers
which might take place while transferring property from one owner to another. Thus, an effective
procedure which is adopted by purchaser for avoiding contract is detailed below:-
 Consider the limitations of statue.
 Avoidance of contract resulted in damage.
 Appoint mediation and arbitration.
 Identify suitable court to file a case.
 Identify the tool of defending.
 Need to design complaint or documentation.
 Hiring an attorney.
These above steps aids in breaching the contract in legal way without exploiting anyone.
23. Is there any changes in legal position of purchasers due to sale of land act from caveat
emptor to caveat vendor by incorporating section 32
Yes, sale of land act reform the legal position of purchaser from caveat emptor to caveat
vendor by incorporating section 32.
24. Deposit be released notwithstanding the purchaser has not authorised the release or objected
No, deposit is not released until and unless notice is not delivered because it will provide
the corrective information to the purchaser (Voss and et. al., 2014) .
25. Sebastian do anything to force Patrick to release the deposit
No, Sebastian don't have any authority to force Patrick to release the deposit because he
is not having any evidence of bank letterhead which is essential before releasing depositary.
26. Type of fees can Fee notices be used for
In legal terms number of fees are paid by purchaser, buyer and legitimate authorities
while transferring a title or during a sale of land. Basically, various kinds of fees which fee
notice can used for are in agreement with owners corporations acts. Mainly, it includes
extraordinary fees or unexpected expense. However, it will consist various relevant information
related with owners such as date of notice, taxation information, overall description of charges
and so on (Wang and et. al., 2012) .
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27. Registration of a dealing effected under the Property Law Act
Under the December 1998 law it has been observed that deeds or other documents related
with land, real estates and interests could be registered in registrar general office under the
property law act 1958. However, while doing a registration, a deed was assigned a registration
number which is known as a book or page number that was a consequently seen as a summary
tool of referring deed. On the other hand RGO was offered by second document that is
“Memorial” which was known as a summarize of overall content of registered document. In fact,
it was retained by only RGO. Beside this, registration under property law act 1958 are fully seen
as a optional. Thus, according to law it has been analysed that registration of title is fully affected
by property law act but it is optional.
28. Criteria for concession eligibility
The first home buyer concession is available after entering in or after 1 July, 2017. If an
individual enters in a contract before 1 July, 2017 but settle after this date, in that case an
individual will not be eligible to claim the concession. The contract date determines which
provision will going to apply to transfer (Wohlin, 2014) . It also involves the first client
nominates a substitute purchaser.
There is a certain criteria which must be satisfy :
Value Of The Property: The land must have a dutiable value, in general it is greater of its
purchase price or market value minus any deduction. (for example, off the pal
concession)
off the plan concession reduces the structure or renovation costs after signing the written
agreement from the contract price.
Purchaser eligibility: A purchaser and their companions must meet the criteria of eligibility in
the respective country.
Residency requirement: A property must be in use as residency for at least 12 months to at
least one property holder.
28 A. Value to which the exemption or concession (above) applies
First- home buyer is all about acquiring monetary support to those people whomsoever
are not having sufficient amount of funds for buying house. Thus, legal bodies are offering best
concession to them in order to accomplish their objectives (Wu and Brynjolfsson, 2011). Hence,
17

an appropriate value for which exemption or concession applies are assumes around $600,001 to
$750,000 or less than this.
29. GST payable on the rent received for a commercial property and who is responsible for
payment
Where a lease of a commercial property is entered into after 1 July, 2000, GST will be
payable on the rent. In general, GST is payable on commercial property by the owner of
property. In case if they are registered or eligible to register for the GST, and running an
enterprise. Annual income exceeds to the commencement, but this liability transfer to the tenant,
and it is added lease agreement. 10% GST is applicable on the lease of commercial property. The
lessor will have to pay the amount in GST period in which rent received from the rent-holder.
Before landing the property to any lessee there is a legal agreement between the lessor and
renter. In which advance rent takes place. Therefore, a landlord must account for GST.
Leaseholder must receive an invoice from the owner. It is
The registered lessees are entitled as input tax credit for the GST including in the rent
payable under the lease. Otherwise, it will be payable by the landlord (Xia and et. al., 2016) .
31. Due fees and documents required for a plan of subdivision
According to the law it has been analysed that number of fees are identified while
subdivision because its a very long process which must be considered while executing this
process. Thus, some of the fees which is due are; legal , stamp, cost of development and so on.
Apart from this various documents which must be requisite while planning a subdivision are-
 Consolidation form which is available on various legal sites.
 Certificate of title which shows the possession information, lodging party and so on.
 Consents covers interest of registered that influence the title.
 Certified plan must be designed, signed or dated by researcher of license as well as
authorized by both the member council and license surveyor.
 Statement of compliance which is going to highlight the relevant evidence that satisfied
the need of council.
 Surveyor report includes different strategies, non-surveys schemes.
 Abstract of field records because entire plans are based on this only.
 Street addressing is automatically delivered to title.
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All these above documents must be used by subdivision of title in order to minimize the
chances of misinterpretation (Xiao and et. al., 2014) .
32. Five ways a covenant can be removed and explain the difference between a covenant and a
caveat
Before explaining the ways to be removed covenant, it is better to distinguish between
covenant and caveat. That are as follows:
Covenant Caveat
A covenant is simply an agreement between
buyer and a seller of a land with a restriction for
the land can be used.
Caveats refers an ownership on a real property
that gives warning to anyone that property that
relates to someone else.
All the benefits with the existing land can be
transfer to the new owner of the land whether it
is positive or negative.
It has an effect an prohibition the registration of
a land interest dealing
There are different types of covenant such as
restrictive covenants, covenant “touches and
concern” the burdened (blue) land.
A purpose of caveat allow time to parties to
apply the court to enforce in determine interest
in land.
Five ways a covenant can be removed are as follows:
 A covenant can modify by planning permit pursuant of a clause 52.02 planning scheme.
 The making of pursuant to s84 of the Property Law Act, 1958.
 through amending planing scheme.
 It can be removed by constant.
 At the directions of the registrar of Titles.
 Where the parties commit common mistakes to transfer land.
W1 According to legal law it has been identified that yes, purchaser have to authority to cancel
contract prior three weeks before (Yao and Mela, 2011). However, laws are best possible
opportunities to buyer or seller while entering into a contract because both are treated equally in
the eye law. Thus, for cancelling a contract suitable procedure is going to followed by acquiring
a suggestion from agent because there is presence of various types of clauses.
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W2 While buying a land number of forms are acquired by purchaser in order to fulfils necessary
formalities of legitimate bodies. However, it aids both the parties in different manner such as;
shows the appropriate process of involving into contract by highlighting the necessary
documents and so on. Thus, if a purchaser will not received the form 2 before signing the
contract then there is chances of cancelling the agreement as well as it might change their mind.
As a result overall contract is going to breach due to absence of necessary forms which is
required during purchasing process.
Apart from this, buyer have number of solution to this problem such as; right to authority
of breaching the contract, ask legal member for form 2 by sending an appropriate notice hence
forth.
W3 According to constitution council members are having large number of powers in order to
attain objectives of local governing bodies by accomplishing distinct functions. Therefore, some
of the essential authority of them are:-
 Authority to tax its constituents such as ability to maximize the rates.
 Right to suggest attorney in various forms like reports and letters.
 Broader recommendation function in which council needs to make compliance to
parliamentary committees as well as advisory bodies on timely basis because they are
seen as specialist in offering corrective suggestion on policy matters.
 Responsible to raise awareness.
Hence, above powers are seen as a major authority of council members at legal place.
Along with this, necessary elements needs to considered while appointing a council of members
such as; age limit, examination related with law must be appeared, eligible for membership and
several other eligibility in legal terms (Sculthorp, 2017).
W4 Exclusive sale authority:- It is a time frame which is given by seller to their agent for selling
a specific land or property which was normally around 60/ 90 days.
General sale authority:- According to this term agent is selling a land in a general way without
having any specific time frame.
Exclusive auction authority:- Auction of land in a distinct way by using various tools or
techniques.
W5 Yes, it might create a chance of conflict due misinterpretation of corrective information.
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W6 Number of things are implied into contract by courts, by statute and by custom or trade
usage because they have the authority to designed rules or regulations. Thus, various things
which is implied by court is described as follows:-
 Norms, beliefs, rules and regulations.
 Fundamental rights of seller and purchaser.
 Constitution of a nation.
 Terms or conditions of entering into contracts.
 Age group of entering into legal contract.
CONCLUSION
From the above report it has been summarised that legal bodies are playing a very
significant role in protecting overall society by enacting number of useful laws, norms, beliefs
and acts. Basically, entire assignment was totally based on highlighting various steps or
procedures adopted by purchaser or buyer of property. It means, main objective of this report is
to assist purchaser of land while performing various activities by fulfilling necessary legitimate
formalities. Along with this, appropriate process of possession transferring was also mentioned
in above project in order to create awareness amongst whole community for establishing a nation
free from any any type of discrimination. Moreover, by thoroughgoing entire assignment it has
been identified that legal bodies are involving in designing suitable acts, steps, rules and
regulations which must be followed by parties engaging in buying new land, transferral of
property, rental ownership and so on.
Additionally, it also shows the actual benefits of home buyer, elements of land register,
sale of act as well as eligibility of home buyer in which they are acquiring large amount of
concession. Hence, after studying previous report it has been understood that legal bodies of
European nation are very vital or indispensable for development of national economy because it
helps in regulating or handling several complicated situation as well as treat every individual
equally without discriminating between poor or rich people. Last but not least, legitimate laws
are applicable on each or every person of a country in order to provide equal opportunities to
entire society.
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Sculthorp, 2017. [Online]. Available through<https://www.practiceignition.com/blog/client-
onboarding>.
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