Settlement Notices automatically lapse two months after lodgement. However, after you have lodged the Settlement Notice, there may be a reason the Settlement Notice needs removing, for example Settlement does not continue. Only the transferee who lodged the Settlement Notice may withdraw the settlement notice.
Note: You can also create, Sign and Lodge a Removal of Settlement Notice as a standalone document in a single Workspace (outside a transfer transaction) or in a transfer Workspace. To do this:
Go to Documents from the left hand navigation.
From the Create Document tab, click Removal of Settlement Notice.
From the Applicant section, select your applicants (these will be the parties who requested the original Settlement Notice). Note: If there are multiple Settlement Notices on this title, select the relevant Settlement Notice Number. If there is only one, it will prepopulate.
Documents are verified between PEXA and the Land Registry for any errors. PEXA auto refresh occurs every 10-15 seconds after verification and lodgement. Both the Lodgement Instructions and Removal of Settlement Notice Status will move to Prepared. Before you Sign any documents, view them to ensure they are correct and that you agree to all certifications relating to that document. Treat digital signatures the same as wet signatures. To view the rendered document:
From the action cog next to the documents, select View.
View your document.
You can also view your documents from the Signing page. Note: If your parties do not match the parties who placed the original Settlement Notice, you will notified at this point.
Sign both the lodgement instructions and the Removal of Settlement Notice. Next to each document, select Sign from the action cog. Note: Before the signing screen displays, you may be asked to Run Java, which is required by the Digital Certificate. Ensure you have the latest version of Java on your computer otherwise you may not be able to Sign documents in PEXA.
Select the documents to be signed.
Click Sign Documents.
Type your password in the signing pop up box.
Documents are verified between PEXA and the Land Registry for any errors. The PEXA auto refresh occurs every 10-15 seconds. The status of the Lodgement Instructions and Settlement Notice will now move to Signed.
Submit Removal of Settlement Notice for lodgement
Next to the lodgement instructions select Submit for Lodgement from the action cog.
When a lodgement is received by the Land Registry, the Land Registry will provide a Dealing Number for the caveat. PEXA will return a status of Lodged for the lodgement instruction. Once examination is completed by the Land Registry, the status of the document returned to PEXA will be Registered. Note: You may have to manually refresh to progress the screen from Unregistered to Registered.