Join Australia's most dynamic and respected property investment community

Question Land Titles Office

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

  1. balwoges

    balwoges Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    192
    Location:
    Lake Macquarie
    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:
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    9,038
    Location:
    Sydney
    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.
     
  3. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,241
    Location:
    NSW
    This is for Land Tax registration with the OSR.
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,588
    Location:
    Sydney or NSW or Australia
    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.
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,588
    Location:
    Sydney or NSW or Australia
    Like it would happen if the purchaser had to tell council that they WANT to pay rates? Yeah! Right.
     
  6. RPI

    RPI Property Lawyer, Town Planner Business Member

    Joined:
    19th Jun, 2015
    Posts:
    714
    Location:
    Brisbane
    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
     
  7. balwoges

    balwoges Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    192
    Location:
    Lake Macquarie
    Thanks for the replies - will email council to notify them of change of ownership.