Buyer Draft - West Coast Conveyancing

Questions for Buyers – draft update 30.1.24

PLEASE ENSURE ALL SECTIONS OF THIS FORM ARE ANSWERED AND COMPLETE

Address of property being purchased:(Required)

What type of Property is being purchased:(Required)

An upfront concession is available if you enter into a pre-construction contract between 23 October 2019 and 30 June 2025 to purchase a new residential unit or apartment off-the-plan OR, you enter into an under construction contract between 31 August 2023 and 30 June 2025 to purchase a new residential unit or apartment off-the-plan. If you are eligible you will need to contact the developer and get them to prepare an application form “FDA53” and forward that to your conveyancer.

Please advise your preference for receiving our settlement documents.(Required)

Via Docu-Sign (please note this is our preferred method)

Via Email (we will email your documents to be printed signed and emailed back)

Via Post (we will mail your documents for signing then returned to us via post)

In office (attend our office to sign documents including verification of identity – additional fees may apply)

As part of the settlement process all buyers must have their identity verified. Please advise your preference to complete your identity verification.(Required)

Australia Post (attend post office – $49 per person)

Scantek (totally online solution – $27.50 per person)

In office (attend our office – $55 per person)

Number of buyers named on the Contract?(Required)

One

Two

Three

Four

Please confirm the type of tenancy.(Required)

Joint Tenants

Tenants in Common in equal Shares

Tenants in Common in unequal shares

In a joint tenancy ownership, the main feature is that upon the death of any one tenant, that tenant’s share will pass to the remaining tenant(s) (“the right of survivorship”). In a joint tenancy arrangement, each tenant is equal in ownership in all respects in relation to the other joint tenants. A Tenants in Common arrangement is created when 2 or more persons have distinct interests either in equal or unequal shares. Tenants in common do not have a right of survivorship. Each tenant may dispose of their share as if they were the sole owner. Upon the death of a tenant in common, their share would pass as per their Will.

If Tenants in Common in unequal shares, please specify share allocation below:(Required)

(NOTE: If unequal shares have not been specified on your Contract, requesting unequal share allocation may incur additional stamp duty.)

Buyer (1) – Individual or Corporation?(Required)

Individual

Corporation

Note: If your name differs from that written on the contract for the purchase of the Property, please write your true and correct name here. Use the name shown in your passport and drivers’ licence

Buyer (1) – Name and ACN of Corporation(Required)

Registered entity name ACN

Buyer (1) – Mobile Number of Director:(Required)

Buyer (1) – Email Address of Director:(Required)

Was Buyer (1) a foreign corporation as at the date of the transaction?(Required)

Yes

Is Buyer (1) acting as a trustee?(Required)

Yes

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

Please note this application can take up to 30 days to be approved, we will require a copy of this prior to settlement. Foreign buyers are also charged an extra 7% stamp duty which is calculated from the value of the property. https://foreigninvestment.gov.au/

If YES, please select the type of trust Buyer (1) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Buyer (1) – Add Full Legal Name(Required)

Prefix (Mr/Mrs/Miss/Etc)

Buyer (1) – Last Name / Surname(Required)

Last Name / Surname

Buyer (1) – First Name(Required)

First Name

Buyer (1) – Middle Name/s

Middle Name/s

Buyer (1) – Date of Birth:(Required)

required for stamping purposes

Buyer (1) – Mobile Phone Number:(Required)

Buyer (1) – Email:(Required)

Was Buyer (1) a foreign individual as at the date of the transaction?(Required)

Yes

NO because Buyer (1) was:(Required)

an Australian Citizen

an Australian permanent resident

a New Zealand citizen holding a special category visa

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

Is Buyer (1) acting as a trustee?(Required)

Yes

If YES, please select the type of trust Buyer (1) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Buyer (2) – Individual or Corporation?(Required)

Individual

Corporation

Note: If your name differs from that written on the contract for the purchase of the Property, please write your true and correct name here. Use the name shown in your passport and drivers’ licence)

Buyer (2) – Name and ACN of Corporation(Required)

Registered entity name ACN

Buyer (2) – Mobile Number for Director:(Required)

Buyer (2) – Email Address for Director:(Required)

Was Buyer (2) a foreign corporation as at the date of the transaction?(Required)

Yes

Is Buyer (2) acting as a trustee?(Required)

Yes

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

If YES, please select the type of trust Buyer (2) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Buyer (2) – Add Full Legal Name(Required)

Prefix – Mr/Mrs/Miss/Etc

Buyer (2) Last Name / Surname(Required)

Last Name / Surname

Buyer (2) First Name(Required)

First Name

Buyer (2) Middle Name/s

Middle Name/s

Buyer (2) – Date of Birth:(Required)

required for stamping purposes

Buyer (2) – Mobile Phone Number:(Required)

Buyer (2) – Email:(Required)

Was Buyer (2) a foreign individual as at the date of the transaction?(Required)

Yes

NO because Buyer (2) was:

an Australian citizen

an Australian permanent resident

a New Zealand citizen holding a special category visa

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

Is Buyer (2) acting as a trustee?(Required)

Yes

If YES, please select the type of trust Buyer (2) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Buyer (3) – Individual or Corporation?(Required)

Individual

Corporation

Buyer (3) – Name and ACN of Corporation(Required)

Registered entity name ACN

Buyer (3) – Mobile Number for Director:(Required)

Buyer (3) – Email Address for Director:(Required)

Was Buyer (3) a foreign corporation as at the date of the transaction?(Required)

Yes

Is Buyer (3) acting as a trustee?(Required)

Yes

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

If YES, please select the type of trust Buyer (3) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Buyer Name (3) – Add Full Legal Name(Required)

Prefix (Mr/Mrs/Miss/etc)

Name(Required)

Last Name / Surname

Name(Required)

First Name

Name

Middle Name/s

Buyer (3) – Date of Birth:(Required)

required for stamping purposes

Buyer (3) – Mobile Phone Number:(Required)

Buyer (3) – Email:(Required)

Was Buyer (3) a foreign individual as at the date of the transaction?(Required)

Yes

NO because Buyer (3) was:

an Australian Citizen

an Australian permanent resident

a New Zealand citizen holding a special category visa

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

Is Buyer (3) acting as a trustee?(Required)

Yes

If YES, please select the type of trust Buyer (3) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Buyer (4)- Individual or Corporation?(Required)

Individual

Corporation

Buyer (4) – Corporation Name and ACN(Required)

Registered entity name ACN

Buyer (4) – Mobile Number for Director:(Required)

Buyer (4) – Email Address for Director:(Required)

Was Buyer (4) a foreign corporation as at the date of the transaction?(Required)

Yes

Is Buyer (4) acting as a trustee?(Required)

Yes

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

If YES, please select the type of trust Buyer (4) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Buyer Name (4) – Add Full Legal Name(Required)

Prefix (Mr/Mrs/Miss/Etc)

Name(Required)

Last Name / Surname

Name(Required)

First Name

Name

Middle Name/s

Buyer (4) – Date of Birth:(Required)

required for stamping purposes

Buyer (4) – Mobile Phone Number:(Required)

Buyer (4) – Email:(Required)

Was Buyer (4) a foreign individual as at the date of the transaction?(Required)

Yes

NO because Buyer (4) was:

an Australian Citizen

an Australian permanent resident

a New Zealand citizen holding a special category visa

If YES, have you completed your application to the Foreign Investment Board and paid the applicable fees?(Required)

Yes

Is Buyer (4) acting as a trustee?(Required)

Yes

If YES, please select the type of trust Buyer (4) is acting for:(Required)

Name of trust (If bare trust, name of beneficiary)

Who is the best person for us to contact during the course of the transaction?(Required)

Will any of the Buyers be absent during settlement?(Required)

Yes

Please note this refers to if at any point you will be unreachable via phone or email. You do not need to attend settlement.

If yes, Who?

Date absent from:

Date absent to:

Contact Number while absent:

Contact Email while absent:

Do you have any relationship to the Seller/s?(Required)

Yes

If yes, state the relationship.

Mailing address for all parties DURING settlement:(Required)

Street Address City State Postal Code Country

Please note that our correspondence will be sent via email unless otherwise instructed.

Mailing address for all parties AFTER settlement:(Required)

Street Address City State Postal Code Country

(please note that should your address change at anytime after settlement from what you have advised us here it will be your responsibility to notify all relevant rating authorities)

Will you be obtaining finance?(Required)

Yes

Bank/Broker Name:

Contact number and/or email:

Will you be borrowing the full amount (including fees and statutory charges)?

Yes

What is the approximate amount that you expect to contribute towards settlement?

Is the balance of funds in a bank account with the bank you are borrowing from and that your mortgagee (bank) can access and provide at settlement?

Yes

Our office will advise you closer to the settlement of the exact amount required. Please ensure that you are able to have the balance required to our office or into an authority account that you have nominated with your financing bank.

Are you applying for the First Home Owners Rate of Duty ?(Required)

Yes

First home buyers pay no stamp duty in WA if you’re buying a home and land for less than $430,000 OR vacant land for less than $300.000. First home buyers pay discounted stamp duty if the home and land is valued between $431,000 – $530,000 OR $300,001 – $400,000 for vacant land. First home buyers pay the residential or general rate of duty for property valued over $530,000 OR $400,000 for vacant land.

Will your bank/broker be applying for the grant on your behalf?(Required)

Yes

Will you be residing in the property immediately after settlement?(Required)

Yes

If yes, would you like us to send information to sort out your connections and disconnections of electricity, gas, phone, internet and pay tv? It is a free service we offer you with no lock in contract or exit fees.

Yes

Fast Connect is Australia’s leading connections service provider servicing customers moving home anywhere in Australia. With Fast Connect, customers can have their applications lodged to set up their new electricity, gas, phone, internet and pay TV accounts, and close old accounts at their old address. https://www.fastconnect.net.au/newapp/application

We always highly recommend our clients purchase title insurance. Please read the information below. Would you like us to arrange title insurance for you?(Required)

Yes

Stewart Title insurance is an insurance policy in respect of the title and covers title defects such as boundary issues or unpaid rates that may not be disclosed at the time of the purchase, complete loss of legal ownership due to a fraudulent sale of your property, loss caused due to forced removal by council of a structure illegally built by a previous owner, loss of land due to survey errors or zoning non- compliance. This is a once off premium based on your purchase price and plan type and lasts the duration of ownership. https://www.stewartau.com/

Do you know of any title defects or adverse matters affecting title or use of the property?(Required)

Yes

Please describe the title defect or adverse matter

Is the property currently rented?

Yes

If yes, Who will be managing the property?

Self Managed

Current Property Manager

New Property Manager

Details of NEW Property Manager:

Bank Account Details

Occasionally our office will need to retain funds from you at settlement for rates & taxes not available at the time of settlement. Please provide bank details for any refunds due back to be deposited into. WARNING: If you receive an email or text from us requestion funds you MUST call us to confirm. Our preferred method of obtaining and providing account details will be through PEXA key which will be set up by your conveyancer.

Bank:

Account Name:

BSB:

Account Number:

Please note, we cannot pay funds into any loan accounts. The details must be for a general transactional account.