The Contract for Sale can be printed as many times as required for that matter. Each time you purchase a Contract for Sale the general conditions are automatically watermarked with the property address entered.
As the Title Search is ordered first, InfoTrack is able to populate such data as the Title reference, property address, Vendor name, Vendors Solicitors details. If your firm uses a practice management system integrated with InfoTrack, other details such as the Real Estate Agent, purchasers, purchasers’ representative, purchase price, deposit, and balance can be populated.
InfoTrack have obtained written approval from the Commissioner of State Revenue confirming OSR accepts a printed copy of an eContract for the Sale of Land as deemed to be an approved form for the purpose of s15 and can therefore be duly stamped.
An ‘electronic signature’ is any electronic method which carries the intention of being a signature. E.g. typing a name or other mark (for example, ‘X’) in a section of an online form and identifying this as a signature (E.g. by marking an acknowledgement to this effect).
Yes. As with majority of matters, Offer and Acceptance has already occurred before signing of contracts see Harvey v. Facey . The concepts that need to be satisfied in relation to electronic communication are Identification, Reliability and Consent.
When placing your NSW Title Search order, the result would have either returned by email or to an integrated Practice Management System. Simply save this search result to a Local Folder on your PC to be able to import this back into eCOS service to compile your Contract.
If multiple vendors or purchasers are listed on the contract (separated by a comma) the SignIT platform identifies that there are multiple signing parties and makes allowance for the addition workflow based on the extra signatures.
SignIT will send multiple emails, each addressed to the individual parties with individual, unique links. This is much the same to sending a hard copy to one physical address for the two parties to sign.