Property Settlement: From Handshakes to House Keys!

Property settlement is the final and most crucial step in the buying or selling process. At Rothschild Group, we guide buyers and sellers through every stage, ensuring a seamless transaction.

Key Stages of Property Settlement

1. Contract of Sale: Offer & Acceptance (O & A) and General Conditions

In Western Australia, the sale contract consists of two parts: the Offer and Acceptance (O & A) and the General Conditions.
These documents outline essential details, including purchase price, encumbrances, and possession terms.

2. Special Conditions: Tailoring the Agreement

Buyers and sellers can negotiate special conditions within the O & A.
These may include finance approval deadlines, repairs, or additional terms specific to the sale.

3. Strata-Titled Properties: Additional Considerations

Purchasing a strata-titled property requires additional documentation.
Sellers must provide Form 29 and Form 28, along with other strata-specific disclosures before finalizing the contract.

4. Stamp Duty: Fulfilling Legal Obligations

Stamp duty must be calculated and paid to the Office of State Revenue before settlement.
Buyers should budget accordingly, as stamp duty is a significant cost in property transactions.

5. Settlement Agents and Legal Support

While DIY settlement is an option, engaging a professional settlement agent or solicitor ensures the process is completed correctly.
Our team at Rothschild Group offers expert legal representation, helping you avoid potential pitfalls.

Why Choose Rothschild Group for Your Property Settlement?

Experienced property law professionals handling every aspect of settlement.
Comprehensive legal support for buyers and sellers.
Ensuring compliance with all contractual and regulatory requirements.

Ready to navigate property settlement with confidence? Contact Rothschild Group today for expert legal assistance.