Your-rights
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Property settlement – Selling a property

物业结算 – 出售物业

About property settlement

The seller sets the date of settlement in the contract of sale. The settlement period is usually 30 to 90 days.

Settlement is the date when the buyer:

  • pays the balance of the purchase price to the seller
  • receives the property title and become the registered owner
  • takes possession of the property, unless otherwise arranged.

This is an official process usually conducted between legal and financial representatives of the buyer and seller.

At settlement, all outgoings such as rates and other charges are adjusted between the seller and the buyer.

The seller is responsible for rates up to and including the day of settlement. The buyer is responsible from the day after settlement.

Home insurance

Even though the seller’s insurance may cover the property up to the date of settlement, the buyer’s lender will recommend they take out building and contents insurance effective from the date the seller signs the contract. This is to safeguard the lender’s interest in the property, as well as the buyer’s.

Pre-settlement property inspection

Buyers are entitled to inspect at any reasonable time during the week before settlement. Buyers can contact the agent to arrange this inspection.

The contract of sale requires the seller to hand over the property in the same condition as when it was sold.

Taking possession of the property

Once settlement is completed, the buyer can collect the keys from the agent and take possession of the property.

Land transfer duty (formerly stamp duty)

The buyer is responsible for paying land transfer duty (formerly known as stamp duty) on the sale.

Duty is calculated as a percentage of the purchase price or the market value of the property, whichever is greater. Duty applies to the GST-inclusive price of a new property.

It is usually paid at settlement but the buyer has up to 30 days after settlement to pay. The buyer cannot receive title to a property until they have paid the duty.

There are generally two duty rates:

  • a general rate that applies to all types of property including residential, commercial, industrial and rural
  • a lower rate for a property that will be the buyer’s principal residence.

For more information, visit the State Revenue Office website.

Transfer of land

This document transfers ownership of the land from the seller to the buyer.

If two or more people are buying the property together, the land transfer document sets out how they will hold the property; jointly or as tenants in common.

  • Jointly-held property: If one person dies, ownership of the property automatically transfers to the survivor(s).
  • Tenants in common: Tenants in common effectively hold shares (equally or otherwise) in the property and each has the right to dispose of their interest as they see fit.

The transfer of land is usually lodged with the Land Registration Services office by the buyer’s legal practitioner, conveyancer or lender.

关于财产分割

卖家设置结算的销售合同的日期。结算周期一般为30至90天。

结算的日期,当买家:

支付购买价的差额给卖方
接收产权,并成为登记车主
占有的财产,除非另有安排。
这通常是买方和卖方的法律和财务的代表之间进行的正式程序。

在结算,所有支出,如利率和其他费用的卖方和买方之间的调整。

卖方负责率高达和包括当天结算。买方从结算后的第二天负责。

家庭保险
尽管卖方的保险承保的财产高达结算日期,买方的贷款人都建议拿出建设和内容保险从卖方签订合同之日起生效。这是为了保障贷款人的利益的财产,以及买方的。

预结算看楼

买方有权在结算前一周检查在任何合理时间。买家可以联系代理安排这项检查。

销售合同要求卖方交出财产在相同的条件下,当它被出售。

占有的财产

一旦结算完成后,买方可以从收取的代理键和占有的财产。

土地转让税(原为印花税)

买方负责出售土地缴纳转让税(原名印花税)。

关税的计算公式为购买价格的或百分比的财产,以较高者为准的市场价值。责任适用于新属性的GST包价。

它通常在结算支付,但买方最多30天结算后支付。买方不能接受的所有权属性,直到他们已经支付的义务。

通常有两种税率:

适用于所有类型的物业,包括住宅,商业,工业和农村普遍率
较低的利率为属性,这将是买方的主要居住地。
欲了解更多信息,请访问国家税务局网站。

土地出让

该文件需要从卖方转移到买方的土地的所有权。

如果两个或两个以上的人购买的财产一起,土地出让文件规定了如何将持有的财产;联合或分权共有。

共同持有的物业:如果一个人死亡,财产的所有权自动转移到生还者。
分权共有:普通住户有效持股(同样或其他方式)的财产,每个人都有处置自己的利益,因为他们认为合适的权利。
转让土地通常与提出由买方法律执业者,产权转让或贷款人的土地注册服务办公室。