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two transfers are required in one workspace.

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jackio
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jackio

two transfers are required in one workspace.

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‎02-11-2020 04:39 PM

I act for a purchaser of a rural property. We require two transfers (22 titles) and I would like to know what to write as consideration in the second transfer.

Do I place the purchase price on first transfer and the second transfer is $0.00 or do I apportion across the two transfers?

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VesnaVranjes Star Employee
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VesnaVranjes

Re: two transfers are required in one workspace.

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‎04-12-2020 10:05 AM

Hello Jackio,

There is an NSW LRS exemption for this type of scenario (5.4) as there are more than 20 titles on the one dealing.

Please see the NSW Land Registry website:

https://rg-guidelines.nswlrs.com.au/e-dealings/elodgment/elodgment_requirements/exemptions_for_elect...

Trying to create this in PEXA will cause errors with the documents and stamp duty.

Kind regards

Vesna

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