Commercial Property Settlements

In Western Australia, the standard settlement period is 30 days from the date of contract, but this can vary. Some settlements may be as short as 14 days or as long as 90 days, depending on the agreement between buyers and sellers.

Typically, you'll need to provide the signed contract of sale, identification documents, and any relevant loan documents. We'll guide you through the specific requirements based on your individual circumstances.

As your settlement agent, we'll attend on your behalf to ensure all documents are correctly signed and funds are properly transferred.

If a delay occurs, we'll work diligently to resolve any issues and keep all parties informed. In some cases, penalty interest may apply, but we strive to prevent delays wherever possible.

We calculate adjustments for rates and taxes to ensure you only pay for the portion of the year you own the property. These adjustments are factored into the final settlement figures.

An unconditional contract means all conditions have been met and the sale will proceed to settlement. A conditional contract still has conditions that need to be satisfied before the sale becomes binding.

Yes, we recommend conducting a final inspection in the days leading up to settlement to ensure the property is in the agreed condition. We can help coordinate this with the real estate agent.

Payment is typically made through bank cheques or electronic funds transfer. We'll provide clear instructions on the amount and method of payment well before the settlement date.

Commercial property settlements can vary widely, but typically range from 30 to 90 days. The timeline depends on factors such as the complexity of the transaction, financing arrangements, and due diligence requirements.

We handle settlements for a wide range of commercial properties, including office buildings, retail spaces, industrial warehouses, multi-unit developments, and vacant commercial land.

GST treatment in commercial property transactions can be complex. We ensure the correct GST clauses are included in the contract and advise on potential GST implications. We also liaise with your accountant or tax advisor to ensure compliance with ATO requirements.

Due diligence often includes title searches, zoning and planning checks, review of leases (if applicable), environmental assessments, and verification of any licenses or permits associated with the property.

We manage the transfer of lease agreements, security deposits, and rental adjustments. We also ensure proper notification is given to tenants and that all lease-related documents are correctly assigned to the new owner.

Yes, large-scale developments often involve additional complexities such as subdivision processes, infrastructure agreements, and staged settlements. We have extensive experience in managing these intricate transactions.

We understand the sensitivity of many commercial transactions. We have strict confidentiality protocols in place and can work with non-disclosure agreements as required.