Transfer with Restrictive Covenant (VIC) | Help Centre

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Overview

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Jurisdiction: VIC

The ability to create a Restrictive Covenant from within PEXA is now available for Victorian Transfers.

Note: From 1 July 2018, new requirements for creating restrictive covenants in Victorian transfers will take effect. More information here.

Steps

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1. Open or create a Transfer document.
2.  On the Transfer screen, in the Restrictive Covenant Details section, select the following fields:
   • Is this Transfer creating a Restrictive Covenant?—Select Yes.
   • Benefited Land—Enter either the Land Title reference, MCP Reference, or both.
   • Covenant details contained in—Enter the MCP Reference, and optionally the Covenant expiry date.
     
3. Save the document.

Related Topics

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• Transfer Help Centre Articles