02-07-2019 10:56 AM
We are acting for a Incoming Proprietor and all parties want to settle by PEXA but there is a CT issued on title. I recall being told by our Practitioner Specialist that if this occurs that the original CT just needs to be surrendered to Titles before Settlement.
Is this correct and is there anything else we should be aware of?
Thanks in advance
02-07-2019 12:17 PM - edited 02-07-2019 12:17 PM
Yes that's correct - the Certificate of Title will just need to be surrendered to Title prior to settlement (using a Form 14 General Request) - I would suggest ensuring this done as early as possible to avoid any unnecessary delays at settlement.
If the CT is held by a bank they should be able to action this for the Seller upon request also.