Question Land Titles Office

Discussion in 'The Buying & Selling Process' started by balwoges, 13th Aug, 2015.

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  1. balwoges

    balwoges Well-Known Member

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    How long does it take for the Land Titles office to notify Council of change of ownership and whose responsibility is it to do this.

    Settlement of my commercial property was a month ago and I am receiving notification of payments due to council.

    I thought it was the purchaser's responsibility :confused:
     
    balwoges, 13th Aug, 2015
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    state?

    Notice of sale would be done at settlement in NSW. These days it is all electronic so I think there should not be a delay.
     
    Terry_w, 13th Aug, 2015
    #2
  3. Propertunity

    Propertunity Well-Known Member

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    This is for Land Tax registration with the OSR.
     
    Propertunity, 13th Aug, 2015
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  4. Scott No Mates

    Scott No Mates Well-Known Member

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    I recently received a rates notice for one which had disposed of back in June - simply emailed the council to confirm the transfer date. Likewise updated the SRO website to avoid a land tax bill.
     
    Scott No Mates, 13th Aug, 2015
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Like it would happen if the purchaser had to tell council that they WANT to pay rates? Yeah! Right.
     
    Scott No Mates, 13th Aug, 2015
    #5
  6. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    Did the buyer's bank even lodge the transfers yet? Still paper happening in QLD. Often we find a bank or their agent has not lodged the transfers and mortgage docs weeks (a couple of times months) after settlement
     
    RPI, 13th Aug, 2015
    #6
  7. balwoges

    balwoges Well-Known Member

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    Thanks for the replies - will email council to notify them of change of ownership.
     
    balwoges, 14th Aug, 2015
    #7
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