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Trustees can now be transferees in a QLD transfer.
Transferees who will be holding the Title in a capacity of Trustee can now provide Trust Details when processing a Transfer.
Hi there - this is great news. Just a question - wouldn't you create the workspace as an "incoming proprietor" if acting as for the buyer? Thank you.
Whilst either the "Incoming Proprietor" or "Proprietor on Title" may create the Workspace, the description is missing a step, as their is no "Incoming Proprietor" invited to the workspace.
The Incoming Proprietor would likely be the one to create the Transfer and supply the Trust Details.
I will ensure that our guidance notes are updated.
Thank you for picking this up!
Travis Sullivan - PEXA
Hi there - As an Incoming Mortgagee in a transfer scenario.
If the Incoming Proprietor is in the trust capacity, it's great that the Transfer has been updated to process this.
QLD NMF in PEXA has not been updated to accommodate for a "New" trust capacity. I've just noticed this today. Please correct me if I've got this wrong.
In this case we will still not be able to process a transfer for QLD in PEXA where the incoming proprietor is in a "new" trust capacity?