A practical introduction to the checks, documents and professional advice that should precede a property commitment.
A property transaction should begin with clarity about the property, the registered owner, the agreed commercial terms and the conditions that must be satisfied before completion.
Because each transaction differs, a checklist is a starting point rather than a substitute for advice on the particular title and agreement.
Start with due diligence
The relevant searches, ownership documents, consents, rates and other requirements should be considered before substantial funds are committed.
A written agreement should accurately record the property, price, deposit, completion timetable, default provisions and responsibility for transaction costs.
Keep the payment trail clear
Funds should move through agreed, verifiable channels. Retain receipts, correspondence and completion records in an organised file.