Lockridge settlements without the jargon
Buying or selling in Lockridge? The suburb is roughly 20 km north-east of our Myaree office, in Perth’s eastern suburbs, and like everywhere in WA the conveyancing starts the moment the offer and acceptance is signed.
WA does things slightly differently to the eastern states. Conveyancing here is done by licensed settlement agents or by lawyers, and settlement agents work under the Settlement Agents Act 1981 and a code of conduct. We are licensed, and we will tell you when a question is really one for a lawyer.
Want to meet in person? Call first and we will let you know if a visit to Lockridge works for the dates you need. Otherwise phone and email do the job.
Lockridge titles, strata and everything in between
Lockridge is a settled, established suburb: older brick-and-tile homes, plenty of blocks split into duplex or triplex sites, and villa and townhouse complexes. Lots of those are strata or survey-strata, which changes what needs doing.
- Duplex and triplex sites can carry easements for shared services
- Villa and townhouse complexes are usually strata, so the strata information needs to come in early
- Subdivided rear lots often share a driveway, which shows up on the title
- Title searched and any issues raised early, not the week before settlement
- Rates, water and any strata levies adjusted so each side pays only their share
Selling or buying nearby instead? See Kiara settlement agent, Guildford, Caversham, Viveash and Beechboro.
The Lockridge settlement timeline
When you buy in Lockridge, your deposit is normally held in a trust account until settlement rather than going straight to the seller. Settlement agents in WA must keep client money in a statutory trust account, and those accounts have to be audited.
At settlement the deposit and the balance of the price go to the seller, less anything owed to their bank, and we confirm the numbers with you before the day.
The Lockridge settlements we take on
Common Lockridge conveyancing jobs that come across our desk:
- Transfer duty arranged through State Revenue Online as part of the settlement
- Settlements for houses, duplexes, townhouses and villa strata, for buyers and sellers
- Vacant land settlements
- Strata settlements, including strata information and levy adjustments
- Private sales, where there is no real estate agent involved
- Survivorship applications when a joint owner has passed away
- Transfers under court orders following a separation
More detail is on our Lockridge conveyancing page, along with our settlement process overview.
Settlement agent FAQs for Lockridge
Can you give me legal advice about my contract?
We are settlement agents, not lawyers. If your Lockridge contract raises something that needs legal advice, we will tell you and recommend you speak to a lawyer.
Who chooses the settlement agent?
You do. Buyers and sellers are each entitled to appoint a settlement agent or lawyer of their choice, and to change at any time. You do not have to use the one suggested by the real estate agent.
Can one settlement agent act for both the buyer and seller?
Only if both parties are given a written disclosure and consent. Many Lockridge buyers and sellers prefer to have their own settlement agent.
Is Lockridge too far for a home visit?
Not necessarily. Visits out to Lockridge can often be arranged, so ring us to check dates. Phone and email work just as well if a visit does not suit.