The Closing Signing Service’s Post

Navigating Leasehold Changes: What You Need to Know 💡 Are rising costs and complex lease terms limiting your property decisions? Check out how the Leasehold and Freehold Reform Bill can offer relief. This carousel highlights three major benefits for leaseholders, from reducing legal burdens to simplifying property ownership processes. 📎 Learn much more about these changes by clicking the link to our full guide in the comments!

How to Guarantee Compensation with a Joint Venture Agreement Discover how signing a joint venture or GB agreement can ensure fair compensation when selling a home. Learn the ins and outs of this agreement and how it can protect your commission. #JointVentureAgreement #GBAgreement #CompensationGuarantee #RealEstateTips #CommissionProtection #HomeSellingTips #NegotiationStrategies #FairCompensation #RealEstateInvesting #DealStructure

My favourite thing about the Leasehold and Freehold Reform Act 2024 is how well it can be 'acronymized'. LAFRA 2024 is one of the better statutory acronyms, and certainly beats LRHUDA 1993... More cutting-edge leasehold reform commentary to follow.

An excellent summary of the practical implication of the Leasehold and Freehold Reform Act on ordinary leaseholders.

💡 Join the FREE SDLT webinar from the experts at Compass 📣 What Home Buyers really think about Stamp Duty: Uncovering insights that every Solicitor should know 🔍 When? Thursday 3rd October 2.30pm Use this link to register your FREE place https://lnkd.in/eacu2wU2 adding code 'WoodCi' to your name

The long: With the seller moving out of the industry, and state, we were given 15 days for the tender process of this rent roll representing 571 managements. Using our qualified buyer list, we presented a local agency with the opportunity — and the seller with a simple sale. A cash offer close to full price, 97.12% conversion, and smooth transition of staff, to be exact. The short: A property management business that had gone from strength to strength, achieved a short transition from hand to hand. #PendiumAdvisory

There’s more costs involved when purchasing a house than just the price of the property itself. One of the costs you may have to consider when it comes to purchasing your next property is transfer duty (stamp duty). But how much do you need to set aside for it? Our easy stamp duty calculator can help provide an estimate of how much to expect: https://lnkd.in/gVSCs-72

Thinking of setting up a limited partnership for your rental properties? While it might sound fancy, it's not all it's cracked up to be. Limited partnerships come with loss limitations, partnership tax returns, and a whole lot of baggage. Stick to an LLC for simplicity and peace of mind. To learn more about Limited Partnerships and LLCs subscribe to my Youtube @Matsorensen #RealEstateInvesting #LimitedPartnership #LLCvsLimitedPartnership #LLC #Partnership #RealEstate #Rental #KKOSLawyers #MatSorensen

The Difference between Freehold and Leasehold Property! 🏠🏢 One common question we receive is about the distinction between Freehold and Leasehold. Allow our lovely Fifi, to explain! #joinjack #Conveyancing #asktheexperts

A tale of 2 clients…. Client A brought all of his personal documents in early March. His partnerships weren’t done but we prepare them and knew ballpark 2023 numbers. We offered an extension workup, he said yes please, he paid an extension payment of $36k in April on top of penalty proof quarterly estimates. Delivering his return today he’s getting a small refund of $1k. Zero penalties or interest. Happy client 😁 Client B didn’t bring anything to us until late July 2024. We do the personal, another CPA does the parterships. Client B declined year end planning, estimates, or extension workups to “save accounting fees”. Delivering client B’s return today they owe $95k in tax plus $10k in penalties and interest. Grumpy client 😞 Both 1040s with 2 businesses Same CPA (yours truly) Same offered services $1000-1500 fee difference VASTLY different results Investing in tax planning will virtually ALWAYS pay for itself multiple times over!!