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  • Writer's pictureLynchLaw

Buying or selling property? Have your contract checked before signing!

Having a solicitor or skilled conveyancer look over your sale and purchase contract before you sign can save you time, stress and money and legal issues!

We encourage all our clients to provide us the contract prior to signing for the following reasons:

  1. Our Legal Expertise: We have lawyers and conveyancers with expertise in property law. We can review the contract to ensure it complies with all relevant laws and regulations in Queensland.

  2. Protecting Your Interests: We can assess the contract to make sure your rights and interests are protected. We can identify any clauses that may be unfavourable to you and suggest modifications or negotiations to improve the terms of the contract.

  3. Complex Language: Legal contracts can be written in complex and technical language that may be difficult for the average person to fully understand. We can interpret the contract for you, explaining its terms and implications in plain language.

  4. Ensuring Compliance: There are specific legal requirements and timelines associated with property transactions in Queensland. Lynch Law can ensure that all necessary documentation is prepared and submitted correctly and on time to avoid legal complications or penalties.

  5. Title/Ownership Checks: If not already done by the agent preparing the contract, we can perform title searches/property ownership checks to confirm that the property is legally owned by the seller and that there are no outstanding issues or disputes related to the property.

  6. Negotiations: We can help facilitate negotiations and, if necessary, draft amendments or special conditions to the contract that protect your interests.

  7. Risk Mitigation: We can identify potential risks associated with the property transaction and advise you on how to mitigate them. This includes issues related to property condition, financing, and any outstanding debts or encumbrances.

  8. Peace of Mind: Engaging a solicitor or skilled conveyancer provides peace of mind knowing that a legal professional is overseeing the transaction and looking out for your best interests. This can reduce the stress and uncertainty often associated with buying or selling property.

In summary, having Lynch Law review your sale and purchase contract for transactions in Queensland is essential to ensure that the transaction is legally sound, that your interests are protected, and that you are in compliance with all relevant laws and regulations. It is a prudent step in the property buying or selling process to minimise risks and ensure a smooth and legally sound transaction.

Reach out to Lynch Law today before you sign that Contract! Looking over your contract is already built into our fixed price conveyancing service.

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