What is the difference between ‘joint tenants’ and ‘tenants in common’?

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 new regime in residential conveyancing is here

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[…]

Major changes to residential conveyancing are almost here

On 6 May 2014 the Queensland Parliament passed the long anticipated Property Occupations Act 2014. The Act will repeal the current law regulating residential conveyancing, off-the-plan sales and real estate agents in Queensland under the Property Agents and Motor Dealers Act 2000. The new law will not take effect until it is “proclaimed”–sometime in the[…]