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 settlement date. Hence, it is always important to make an allowance for this when you are preparing funds for settlement. It is always good to overestimate than to underestimate the funds needed for settlement.

Published first here: https://leadconveyancing.com.au/guide/qld-buyers-guide-articles/what-is-a-settlement-statement/


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 another.

The firm spokesperson said the migration might allow them to hire more staff due to the new site having plenty of vacant desks. They will be happy to welcome new members to their growing team, especially people with extensive conveyancing experience in the suburb where they operate. Adding more people to their roster will allow them to work faster and accept more clients. Most importantly, having a new person in the office means new ideas they can benefit from in the future.

Kristy Fletcher, a Senior Lawyer at the firm, stated that migration was one of their plans for the beginning of 2023. “We are excited to work at our new location. It is one of our plans to relocate to a more central location so that our clients can visit us easily. The site is accessible by public transport, such as trains and buses, so there is no problem if they want to commute. Also, our new headquarters is more extensive than its predecessor, making it a better location for us and our clients. There, they can comfortably wait in our fantastic waiting area.”

LEAD Conveyancing Brisbane is a firm that takes pride in serving clients in various parts of Australia. They provide quality legal services and consistently demonstrate professionalism in everything they do. They genuinely care about their clients, which makes them a conveyancing firm that many legal organisations recognise in the country. All firms have extensive knowledge of what they do, and the only thing they can think of to be different from the rest is to do the right thing for their clients, no matter what happens.

The firm has been in the conveyancing industry for over half a decade. It houses brilliant and passionate lawyers in different states of Australia, a valuable thing for the company, as most of them have experience in conveyancing in every part of the country. For interested people who want further details about the company’s range of services and operations across Australia, visit the official LEAD Conveyancing Brisbane website.

Published first here: https://leadconveyancing.com.au/lead-conveyancing-brisbane-moves-to-new-office

The Value of a Conveyancer

When you first meet with a conveyancer about your conveyancing matters, it is easy to assume that it’s as simple as just arranging the transfers of property, a lease, property development advice or a land division, but as it turns out – this is just the tip of the iceberg. When talking to your conveyancing services team you will more than likely be overwhelmed by their knowledge of the industry and application to your files.

Here are 2 things you should know about the Conveyancing industry:

1. Conveyancers don’t earn enough.

OK a bold statement, but let me explain. There is much more to completing a conveyancing transaction properly than you might think. Your Conveyancers are not only the person coordinating the settlement process between the lender and the purchaser/vendor’s Conveyancers – they are also your legal representative in the transaction to make sure that you are fully protected and that there are no legal repercussions down the track. They spend countless hours on the phone negotiating with banks and other Conveyancers so you don’t have to, just to make sure your property makes it to settlement and then, on the actual day of settlement they can take hours waiting in line with the archaic system with the manual swapping of cheques, titles and legal documents.

If you broke down what a conveyancer does to represent you properly to an hourly rate – you’d be surprised how much time is spent and how little reward they actually get for that time.

2. Conveyancers are their own worst enemies.

It seems to me that it is accepted within the Conveyancing industry to discount everything just to get business. Obviously, like other industries – those businesses that provide a valuable service to their clients (probably the most valuable service in the whole purchase of the property) will always charge what they are worth and you, as the customer, will be happy to pay for their services because you know that everything will be done properly.

Read More: The Value of a Conveyancer