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Legal Tips and Advice from Dott & Crossitt Conveyancers
Jared Zak

PEXA hit with conveyancing fraud

  Although there has been a number of frauds in conveyancing transactions over recent years, an incident involving a former MasterChef contestant hit the headlines over the weekend and has caused a panic in the conveyancing and real estate industry. Apart from the celebrity aspect, the other thing about this

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Jared Zak

Release of Deposit Clauses – What are the Risks?

Introduction ‘Release of deposit clauses’ are becoming increasing common in property transactions today. A  release of deposit clause allows a vendor of a property to have ‘early access’ to the 10% deposit prior to settlement. This is usually to enable the vendor to, in turn, put a deposit down on

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Jared Zak

Air BnB – Is it legal?

It has become very common for vendors to advertise properties as ‘perfect for AirBnB or short-term rental’. But very often this is being done without a proper understanding of the legal position of short-term letting in NSW. In short, there is much uncertainty and complexity surrounding the issue. The NSW

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Jared Zak

What is a Strata Report?

A strata report is a report detailing the actual and expected financial liabilities of the Body Corporate that the purchaser will be joining. A strata report should also outline any non-compliance with regulations, disharmonies among the unitholders, litigation against builders or tradespersons as well as any peculiar aspects of the

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Jared Zak

Reduced Deposits: what is the law in NSW?

  Perhaps due to the high prices of residential property in NSW, particularly Sydney, it has become increasingly common for purchasers to request, and vendors to agree to, a 5% deposit on exchange. Despite popular misconception, vendors need to be aware that if they accept a 5% deposit on exchange,

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Jared Zak

What are estate agents’ legal requirements to collect their vendors’ ID?

The NSW Department of Fair Trading issued the ‘Real Estate Fraud Prevention Guidelines’ in 2013. They guidelines state that agents should: Conduct an identity check face to face and sight original documents to verify a vendor’s identity. Verify the vendor’s identity from an original primary photographic identification document and an original or certified copy

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