EP10 Everything You Need to Know About Preparing a REIWA Contract with Franca Jankowski The WA Property Q&A

In today’s episode of WA Property Q&A Podcast, we are joined by senior licensed conveyancer Franca Jankowski. Franca is not only experienced in the Australian market but has also gained experience in the US property conveyancing or escrow as it’s known there.Franca has settled well over 5,000 property transactions in Western Australia so she seen the good, the bad and the ugly of conveyancing.In this episode we discuss:* The importance of getting your name right on the contract* Why you MUST read your contract and seek the appropriate professional advice before proceeding* Understand the scope and limitations of seller warranties. They aren’t the escape clause many people think they are.* What to do if your name isn’t noted correctly on the contract* What you need to know about “No Cooling off Period” in WA property* And more… Chapters0:00:00 Introduction to WA Property Q&A0:03:11 Pros and cons (hint: there aren’t many) of the Torrens title system0:06:03 The significance of getting your name right on the contract0:08:18 Handling name changes in property transactions0:09:58 Importance of clarifying names0:20:09 Title descriptions for transactions where titles are yet to issue0:22:08 Importance of simple and clear finance clauses0:26:40 Understanding the scope of structural inspections0:29:51 Realistic expectations for property maintenance and inspections0:33:58 The importance of clear contract conditions0:36:27 No Cooling Off Period in WA, Conditions are EssentialVisit our website: https://rezzi.com.au/ (https://rezzi.com.au/)Subscribe on these channels: Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149 (https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149)Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY (https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY)Podchaser: https://www.