With the rapid move to mandatory use of an Electronic Lodgement Network (ELN), such as Property Exchange Australia (PEXA), for a large number of property settlements, a working knowledge of the ever changing landscape of electronic conveyancing (e-conveyancing) is essential for real estate lawyers.
Parties to the sale or purchase of land can use PEXA to transact with greater speed, reduced costs and less potential for human error. An understanding of how it operates, who can transact, and how to subscribe to the platform is now necessary for modern real estate practice.
This Practical Law Australia Commercial Real Estate toolkit provides a collection of practical resources to enable you to tackle complex e-conveyancing transactions, including:
- Practice note: Electronic conveyancing
- Checklist: Verification of identity (VOI)
- Standard document: Identifier declaration (NSW)