We are pleased to announce that last week Craig Ray & Associates was confirmed as a Property Exchange Australia (PEXA) subscriber. This means that we have been accepted and are ready to begin transacting as a user in the new national electronic conveyancing platform. PEXA is live in NSW and Victoria, however, the release date[…]
Earlier this month the firm has sadly farewelled Michaela Sherry who worked in our conveyancing team since 2013. Michaela was Sarah Thompson’s right-hand and will be sorely missed. We wish Michaela all the very best for her future endeavours, particularly as she now works towards completing her Practical Legal Training having completed her Bachelor of Laws.
When two or more people own real estate they are required to specify on the title to the property how their ownership is ‘held’ or constituted. Our legal system recognises two ‘types’ of ownership when there is more than one owner: joint tenancy or tenancy in common. If you are purchasing real estate with another person[…]
The Property Occupations Act 2014 came into effect on 1 December 2014 and has significantly changed the regulation of the real estate industry and consumer protection in buying and selling real estate. In addition to the new laws, the Real Estate Institute of Queensland has published the tenth edition of the standard contract for the[…]
We often startle clients when we tell them that the home they are selling is encumbered by a mortgage. The response often is: “But we paid the mortgage off years ago!“ In short, a mortgage is a legal instrument used by lenders to secure loans. It attaches to the real estate and is recorded on[…]
ABC Local Radio Brisbane (612 ABC Brisbane) has recently “broken down” a will-bill on their evenings program. The interview details the many costs and overheads that law practices incur in providing legal services. As with all professional services, lawyers must consider the costs of their overheads when charging their professional fees to their clients. The[…]