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Part tenancy transfer representing vendor and buyer

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  • Part tenancy transfer representing vendor and buye...

Part tenancy transfer representing vendor and buyer

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merccwl333
merccwl333
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on ‎01-12-2021 10:36 AM

on ‎01-12-2021 10:36 AM

Part tenancy transfer representing vendor and buyer

Hi, 

 

We are acting for both parties in a part tenancy transfer. Is it possible to represent both parties in PEXA or will one party need to be represented by someone else? Alternatively, could the party leaving the title remain unrepresented? 

 

Thanks.

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Morvanna
Morvanna Community Manager - Queensland
Community Manager - Queensland
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on ‎03-12-2021 09:05 AM

on ‎03-12-2021 09:05 AM

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Re: Part tenancy transfer representing vendor and buyer

Hi @merccwl333 

 

Thank you for your query.   If you hold the relevant authority to represent both parties for a Part Tenancy Transfer (PTT) then you are fine to act on behalf of both.    Otherwise, you would need to invite in the other side to take ownership of their party as all parties do need to be represented prior to you creating the Transfer.

 

The steps to setting up a PTT are outlined here - Part Tenancy Transfer (QLD).

 

As always if you need support, reach out to your PEXA representative – we’re here to help.

 

 

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Morvanna
Morvanna Community Manager - Queensland
Community Manager - Queensland
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on ‎03-12-2021 09:05 AM

on ‎03-12-2021 09:05 AM

Solution

Re: Part tenancy transfer representing vendor and buyer

Hi @merccwl333 

 

Thank you for your query.   If you hold the relevant authority to represent both parties for a Part Tenancy Transfer (PTT) then you are fine to act on behalf of both.    Otherwise, you would need to invite in the other side to take ownership of their party as all parties do need to be represented prior to you creating the Transfer.

 

The steps to setting up a PTT are outlined here - Part Tenancy Transfer (QLD).

 

As always if you need support, reach out to your PEXA representative – we’re here to help.

 

 

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