Community home
Menu
  • PEXA Certified Expand

    PEXA Certified

    This program will give you an introduction to PEXA, how it works and how it can help you transform your business processes.

    Discover More
    • Getting Business Ready
    • System Set Up
    • Transacting in PEXA
  • Help Centre Expand

    Help Centre

    Here you’ll find more than 230 help articles and videos to assist you.

    Discover More
    • Help Articles
    • Help Videos/PEXA TV
    • PEXA Interactive Demos
    • FAQs
    • Ask a Question
    • PEXA Certified
  • Ask a Question
  • Share your Experience
  • Raise an Idea
  • Blogs Expand

    Read the latest in our blogs.

    Keep up to date with the latest PEXA product releases, and read up on the property blog.

    Discover more
    • Community Blog
    • The Property Blog
    • Security Updates
    • PEXA Product Releases
    • Announcements | Outages etc
    • The Bank Blog
    • Workspaces
      Community
      Register
      Log in
    Apps menu
  • Register / Login

Community Home
Register / Login

Part Tenancy Transfers (VIC) | Help Centre

cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
  • Community
  • :
  • Using PEXA Day to Day
  • :
  • Help Centre
  • :
  • Part Tenancy Transfers (VIC) | Help Centre
Part Tenancy Transfers (VIC) | Help Centre
Category:
  • Transfers
Saysa
Saysa Gold Star Employee
Gold Star Employee
‎02-02-2018 04:14 PM
Topic Options
  • Subscribe to RSS Feed
  • Mark as New
  • Mark as Read
  • Bookmark
  • Subscribe
  • Email to a Friend
  • Printer Friendly Page
  • Report Inappropriate Content
  • Feature this Topic

Overview


Last updated: 18 September 2019
Jurisdiction: VIC
Additional Resources: Help Card

 

If there is a change in ownership on a property where at least one of the Proprietors on Title remain on title, you can lodge a Part Tenancy Transfer. These steps can also be used for a Wills and Estates matter where the Administrator or Executor is also the beneficiary and therefore will remain on title. 

 

ptt_vic02.png

 

 

Video


 


Example
:
Bob and Andrew are joint tenants to a property and Bob has agreed to transfer his share to Andrew. Bob and Andrew lodge a Part Tenancy Transfer together to remove Bob’s name from the lease and transfer Bob’s portion of the tenancy to Andrew.

 

Steps


  1. Create a Workspace with the following settings:
    • Representative Role: Proprietor on Title.
    • Financial Settlement required?: Yes
      Your workspace MUST contain a financial settlement date/time, even if it is a non-monetary transfer. 
    • Will this transaction involve a Transfer?: Yes

    Complete the other fields as required.

  2. Represent all Proprietors on Title to the Workspace:
    • Navigate to Participants
    • From the Actions column, select Edit Party next to the vendor you represent. 
    • Enter the necessary details and click Save.
  3. If required, invite in other relevant parties. For example the Mortgagee on Title (if applicable).
  4. Create the Transfer.
    • Navigate to Document > Create Document > Transfer:

      All Proprietors on Title are listed as Transferors on the Transferor Details panel.

    • On the Tenancy Details panel, select the Tenancy type and the Proprietor on Title that will remain on title.
    • Complete the Transfer and then Save the changes.
    • Edit the Notice of Acquisition and complete the outstanding details and Save.
  5. Complete Stamp Duty Assessment via Duties on Line
  6. If you are in possession of the certificate of title, you will need to create and lodge a Nomination. If there is a Mortgagee on Title, ensure you have invited them into the Workspace. This is completed via the Participants screen.
  7. Edit Lodgement Instructions and Sign all Documents.
  8. Navigate to the Financial Settlement Schedule and complete the Source and Destination line items as applicable.

  

Related Topics

 

  • Transfer Help Centre Articles

 

  • Tags:
  • part tenancy transfer
1 Like
  • Back to Blog
  • Newer Article
  • Older Article
4 Comments
NY2201
NY2201
‎03-10-2018 08:18 AM
10833 Views
4 Comments
  • Mark as Read
  • Mark as New
  • Bookmark
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

Is the “proprietor remaining on title” required to sign the Transfer?

0 Likes
MeganTenn
MeganTenn Star Employee
‎03-10-2018 02:09 PM
10833 Views
4 Comments
  • Mark as Read
  • Mark as New
  • Bookmark
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

Hi @NY2201,

 

When creating a workspace from a Proprietor on Title role solely, the Transfer of Land is only required to be signed once by the practitioner on behalf of both Proprietors, including the one remaining on title.

 

Kind regards,
Megan Tennyson

PEXA Partner (VIC)

Partner Program 

1 Like
Emily_EJS_Law
Emily_EJS_Law
‎21-05-2019 10:21 PM
10833 Views
4 Comments
  • Mark as Read
  • Mark as New
  • Bookmark
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

Hi, I'm acting for both parties in a part tenancy transfer.  I do not have a trust account.  

 

There is a PEXA fee and lodgement fee that need to be paid.  How can I arrange to pay this in order for settlement to take place?

0 Likes
Ashlee_Cameron
Ashlee_Cameron
‎05-06-2019 09:17 AM
10833 Views
4 Comments
  • Mark as Read
  • Mark as New
  • Bookmark
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

Hi, 

 

We represent the wife in a breakdown of marriage transfer (husband & wife to wife).  The joint mortgage is being discharged and new mortgage in the wife's sole name is being registered. 

Can we complete this as a part tenancy transfer? Or do we need to list the wife as the proprietor on title and incoming proprietor? 

 

 

 

1 Like

You must be a registered user to add a comment here. If you've already registered, please log in. If you haven't registered yet, please register and log in.

  • Post a Comment
PEXA

|

Facebook Twitter LinkedIn
  • Support
  • Privacy Policy
  • Terms of Service