Property settlement is the final and most crucial step in the buying or selling process. At Rothschild Group, we guide buyers and sellers through every stage, ensuring a seamless transaction.

Key Stages of Property Settlement

1. Contract of Sale: Offer & Acceptance (O & A) and General Conditions

  • In Western Australia, the sale contract consists of two parts: the Offer and Acceptance (O & A) and the General Conditions.
  • These documents outline essential details, including purchase price, encumbrances, and possession terms.

2. Special Conditions: Tailoring the Agreement

  • Buyers and sellers can negotiate special conditions within the O & A.
  • These may include finance approval deadlines, repairs, or additional terms specific to the sale.

3. Strata-Titled Properties: Additional Considerations

  • Purchasing a strata-titled property requires additional documentation.
  • Sellers must provide Form 29 and Form 28, along with other strata-specific disclosures before finalizing the contract.

4. Stamp Duty: Fulfilling Legal Obligations

  • Stamp duty must be calculated and paid to the Office of State Revenue before settlement.
  • Buyers should budget accordingly, as stamp duty is a significant cost in property transactions.

5. Settlement Agents and Legal Support

  • While DIY settlement is an option, engaging a professional settlement agent or solicitor ensures the process is completed correctly.
  • Our team at Rothschild Group offers expert legal representation, helping you avoid potential pitfalls.

Why Choose Rothschild Group for Your Property Settlement?

  • Experienced property law professionals handling every aspect of settlement.
  • Comprehensive legal support for buyers and sellers.
  • Ensuring compliance with all contractual and regulatory requirements.

Ready to navigate property settlement with confidence? Contact Rothschild Group today for expert legal assistance.