Searches on property by conveyancor

Discussion in 'Legal Issues' started by danken, 20th Mar, 2018.

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  1. danken

    danken New Member

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    Hi there

    I'm in the process of purchasing a property for investment purposes and need to advise my lawyer of what searches I want done on the property. There are a number of searches which are compulsory but many others which are optional.

    What optional searches would you highly recommend and why?

    Thanks
     
    danken, 20th Mar, 2018
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    What searches does your lawyer recommend be performed, and why?
     
    Simon Hampel, 20th Mar, 2018
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    Terry_w likes this.
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Cadavers, mine subsidence, geological resources, church records, lost property.
     
    Scott No Mates, 21st Mar, 2018
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  4. Terry_w

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

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    There are no compulsory searches but at the very lease you would want
    - council rates
    - water
    - land tax
    - title search on settlement
     
    Terry_w, 21st Mar, 2018
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  5. qak

    qak Well-Known Member

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    OK .... I LOL'd at that one!
    Maybe caveats?

    ETA is it a lawyer or a conveyancer? I would ask them what's available.
     
    qak, 21st Mar, 2018
    #5
  6. Phantom

    Phantom Well-Known Member

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    Secret burial grounds?
     
    Phantom, 21st Mar, 2018
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  7. hobartchic

    hobartchic Well-Known Member

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    Landslide risk, zoning, fire zone risk, flood risk.
     
    hobartchic, 21st Mar, 2018
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  8. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Depending on the site location, roads and adjoining developments may be important too.

    I spoke to someone two weeks back who bought a property that is subject of a road widening project. Compulsory acquisition of several metres of land but not whole site. Affects tenancy and rents due to construction and noise and they are wishing they had asked for more searches...However seems the proposal had been on state govt plans for decades and nobody thought it would even happen so a search may have been useless anyway...Until a few months after buying when they got a letter...:eek:
     
    Paul@PAS, 22nd Mar, 2018
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  9. hobartchic

    hobartchic Well-Known Member

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    A similar thing happened to a family member of mine. They were living on a main road though so it was not entirely unforseen.
     
    hobartchic, 22nd Mar, 2018
    #9