Assessment Instructions What Examine the following documents in the Assignment link on Canvas: Contract of Sale of

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Assessment Instructions What Examine the following documents in the Assignment link on Canvas: Contract of Sale of Land and Vendor Statement for 70 Lady Nell Way, Taylors Lakes Precedent letter of advice Vendor Key Risk Checklist Vendor's Practitioners Checklist Purchasers Practitioners Checklist Verification of Identity form (VOI) Client Authorisation form for the vendor client Costs retainer and disclosure [BSBCNV511_BSBLEG528 AT1 Instructions Property Law This assessment task has four (4) parts that you will be required to complete: Part 1: File opening documents and memo for Vendor client Part 2: File opening documents for Purchaser clients Part 3: Letter of advice to your purchaser clients advising on relevant problems and Part 4: Meeting with your supervisor (teacher) to review and verify documents Part 1: Vendor Client Instructions documents Opening file activities for Vendor. Draft and upload to Canvas: 1. Verification of Identity form (VOI) 2. Client Authorisation form for the vendor client. 3. Costs retainer and disclosure - vendor quoted $850 plus $325 disbursements. 4. File note recording your attendance on vendor to discuss the title in vendor statement. The file note must include information on the following items: Title by registration s40 TLA, Fee simple estate, Mortgage and discharge s74 TLA, Covenant s88 TLA) Part 2: Purchaser Client Instructions documents Opening file activities for Purchaser. Draft and upload to your OneDrive file folder: 1. Verification of identity (VOI) for one of the purchasers. 2. Client Authorisation form for the purchaser client 3. Costs retainer and disclosure quoted $750 plus $360 disbursements. 4. Letter to purchasers which refers the other purchaser to the Post Office for VOI, asks for the purchasers to sign and return the authority to act and costs agreement. (Refer to Purchaser Precedent letter for reference and layout available on Canvas). Part 3: Purchaser Client Instructions letter and email to Searching company. Your purchaser clients, Oliver and Harriet, attended your office on the Monday after they signed a Contract of Sale, for a darling little cottage full of old-world charm though it is modernised inside. You were out of the office, so your assistant took notes. Amongst other things, Harriet specifically mentioned the amazing LCD TV on the wall in the bathroom opposite the huge old freestanding bath - this is Oliver's favourite room. In the traditional kitchen there is a new "MasterChef" style free-standing stove, and an older simple electric stove which has hotplates and oven incorporated. Outside there is a cubby house, which their children will adore. It has paintwork and features that match the cottage,. As well there is a 1000 litre water tank. Harriet and Oliver measured the land and discover the length of the front boundary fence is 17.45 metres, which differs from the title plan. The vendor is Enzo Russett. Your assistant has noted that the goods/chattels list in the particulars of the contract of sale is blank. The clients queried which of the TV, bath, stoves, cubby and water tank items mentioned above would remain in the property when they settle and take possession. Harriet and Oliver are also seeking advice on the preferable method of registration together on title. Part 3 Prepare letter to the purchaser clients with explanation and advice and prepare email to Searching Company. Letter to the purchaser clients with explanation and advice to include the following:

a) Costs retainer and disclosure agreement, VOI information and Client Authorisation form

b) Advise purchasers about costs and searches, stamp duty and land transfer fees.

c) Discuss the items seen on inspection queried by clients and the applicable law. Cite any relevant authorities in case these items mentioned become the subject of a dispute, and subsequent court hearing. (Note: While client letters do not usually require case law to be cited, please include authorities to support your reflection). (Approximately eight hundred words) d) Information for Harriet and Oliver about how they could be registered on title as co-owners. Explain to them what they need to consider and ask for their decision. Cite case example (approximately three hundred words) e) Discussion of the issues surrounding the land measurement issue (approximately three hundred words) Email to office searching company f) Prepare and send email the company called Conveyancing Software to search the title register of this property and for searches of all relevant documents.