Can a Variation of lease be registered in PEXA?

[GeorgePolus · Accepted solution]

Hi Prue

Currently, Variation of Lease is not able to be lodged via PEXA.

That said, Lease, Sub-lease, Variation and Surrender of Lease document types are scheduled for deployment in NSW in the first half of 2019. 

Regards,

George

[GeorgePolus · Accepted solution]

Hi Prue

Actually, Lease in NSW will be deployed in November 2018.   Surrender and Variation of lease will be deployed in the first half of 2019. 

Regards

George 

[NicC]

Is there any update on this given that the first half of 2019 is pretty much over?  Thanks.

[GeorgePolus]

Hi Nicole,

The road map, by jurisdiction, does move around in accordance with jurisdictional priorities.   NSW LRS have moved Variation and Surrender of Lease to 2020 I am afraid. 

Rgds

George 

[VanessaTait]

Is there any update on this being available in beginning of 2020??

[NoneyB]

Hi George

Yes it would be good to get an update on this.

[la_plus]

Is this function available in NSW?

[GeorgePolus]

Hi Prue,

Today, Aug 31, a NSW Variation of lease may only be delivered electronically via PEXA using the COVID-19 BCP dealing type, meaning that a scanned image of the Variation of Lease dealing must be attached and submitted to NSW LRS.

To find this dealing, ensure you are acting in the role, 'To deal with an Interest' then on the Doc Creation screen select 'Other'.  On the Document Type selection drop down enter at least three characters, 'Var' for example.  All the Doc Types matching this criterion will list.  Then select the doc type you need to create. 

This coming weekend, PEXA and NSW LRS will enable a fully electronic Variation of Lease.   This will be live on Monday Sept 7.  

The process will be the same, however you will no longer need to scan and upload an imaged document. 

Please let me @George know if you have more questions.

Regards,

George

[SoniaC]

Hi George,

Any idea when the NSW Variation of Lease will be 'in scope'.  At the moment the only way to lodge a Variation of Lease is to upload a scanned version as there is never any subscriber on behalf of the lessee when they are just exercising the option.

Thanks,

Sonia