This article discusses the meaning of a caveat, the functions of a caveat and how they may be dealt with in South Australia. Property caveats are not the same thing as probate caveats. Probate caveats relate to deceased estates. What is a caveat? In Latin, the word ‘caveat’ translates directly to ‘let a person beware’. … Continued
Frequently asked questions
What is a Form 3 and can Eckermanns prepare a Form 3 for me?
Once you have signed a contract to purchase a property, you will be served a Form 1 or Vendor Disclosure statement. This document provides important legal information about your property.
The cooling-off period for your purchase expires at the end of the second clear business day after:
- the contract was made if the purchaser received the Form 1 prior to making the contract, or
- the Form 1 has been served on the purchaser if the purchaser received the Form 1 after making the contract. By law, a Form 1 must be served on a purchaser of real property in South Australia.
Sometimes a purchaser may choose to waive their cooling off rights. To do so requires the preparation of a Form 3 is required and the Form 3 must be certified by a legal practitioner. Eckermann Lawyers is experienced in the preparation of Form 3s and in explaining clearly to clients, the implications of waiving their cooling off rights.
What are the areas of specialisation at Eckermann Lawyers?
Eckermann Lawyers is an Adelaide-based boutique law firm renowned for providing service excellence across practice areas including:
• General Commercial
• Commerical Property
• Agribusiness
• Estate planning including, Wills, Advance Care Directives, Powers of Attorney, Contested Wills & Estate Disputes
• Hospitality & Licensing
• Franchising
How is Eckermann Lawyers different from the big law firms in Adelaide?
Eckermann Lawyers has a wealth of experience and expertise in all aspects of commercial law, property law and all types of property transactions. What you’ll find different at Eckermann Lawyers is our commitment to a personalized and very much bespoke service. Large or small, every client at Eckermann Lawyers is treated with the same high level of personalised service that only a boutique legal firm can provide.
- Our team has a depth of property law knowledge that ensures timely and informed practical advice, whether you consider acquiring a large rural estate, leasing retail premises in a shopping centre or selling off-the-plan apartments in a mixed-use development.
- When dealing with Eckermann Lawyers, you are not only being helped by some of the best lawyers in Adelaide, but you have the added convenience, should you choose to do so, of working with our other Eckermann Group members, including Adelaide’s leading conveyancing firm, Eckermann Conveyancers.
- Eckermann Lawyers complements the existing Eckermanns businesses including Eckermann Conveyancers and Eckermann Property Forms. Established in 1976, Eckermanns have earned a reputation as a leader in their industry providing first-class service.
If a personalised, timely and informed legal service is what you are looking for, please contact us to understand how we can assist you.
Latest News
What is stamp duty? Stamp duty, sometimes known as transfer duty, is a tax imposed by state and territory governments in Australia on transactions involving the transfer of property. The specifics of stamp duty, including rates and exemptions, vary by jurisdiction, reflecting the decentralised nature of Australia’s tax system. In South Australia (SA), as in … Continued
South Australia’s Advance Care Directive (‘ACD’) allows you to appoint people to make medical decisions on your behalf if you are unable to make decisions yourself. It also allows you to record your wishes and values and refusals of health care, so that the people you appoint will be guided in their decision making. We … Continued
Transferring property from a parent to a child or family member encompasses several legal, financial, and tax considerations. There are various types of property transfer and the actual property transfer process can be motivated by various intentions and situations, including estate planning and distribution, financial assistance, or simply a parental gesture of goodwill. Unlike transfer … Continued