EDR when consideration does not match Contract

[MelS]

Hi,

I have a pre-exchange matter where the other side wishes to deal with a price reduction by way of special condition rather than amendment to the front page of the Contract.  It seems to me that (possibly unless the special condition indicates otherwise) the vendor will be required to enter the amount on the front page as the consideration in PEXA and this will mean my clients will either have to pay additional duty or seek a partial exemption from Revenue NSW when I attempt to process the EDR.  Beyond stipulating the amount of the PEXA consideration to be entered via the special condition, is there any other work-around?

[VesnaVranjes]

Hello MelS,

Apologies for the delayed response and this has probably already been resolved.

Where you have a legal query best to reach out directly to the NSW Land Registry or NSW Revenue.

The NSW Land Registry have a great team you can email that can advise you on the best way to proceed on a matters that is a little out of the mainstream.

NSW LR email: econveyancingnsw@nswlrs.com.au

Once you know which way to proceed we can help you set you the matter on PEXA.

Kind regards

Vesna Vranjes

Team Leader - Customer SuccessHub