Part tenancy transfer representing vendor and buyer

[merccwl333]

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.

[Morvanna · Accepted solution]

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.