Table of Contents
Getting Started
Ensure that all details have been entered into Settlement Financials of your Matter before generating the NSW Sale Settlement Statement. Learn more about completing Settlement Financials.
Generate NSW Sale Settlement Statement
1. Select Precedent from the Matter Action Bar.
2. Select Conveyancing Sale category and then select the Settlement folder.
3. Double-click Settlement Statement to open the precedent in Word.
Where the data comes from
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| 1. | Party surnames | Purchaser's surname(s) obtained from Purchaser contact card(s) and Vendor's surname(s) obtained from Vendor contact card(s) |
| 2. | Property Address | Property Details |
| 3. | Adjustment Date | Settlement Financials |
| 4. | Matter details | Info |
| 5. | Amount Due on Settlement | Settlement Financials Made up of the Purchase Price less Deposit plus or minus adjustments |
| 6. | Distribution of Sale Proceeds | Settlement Financials > Payments tab > Payment Direction list |
| 7. | Total amount of payments | Settlement Financials > Payments tab > Total payments to be drawn |
| 8. | Deposit held by | Conveyancing Details > Deposit Holder is selected as Vendor's Agent and there has been no amount released |
| 9. | Deposit held by agent | Conveyancing Details > Deposit Paid amount |
| 10. | Less deposit amount retained by agent | Agent Details > Total |
| 11. | Amount payable to you | Deposit Paid amount less Agent Details > Total |
| 12. | Deposit breakdown calculation | Conveyancing Details > Deposit Holder is selected as Vendor's Agent and there has been funds released |
| 13. | Deposit held by agent | Conveyancing Details > Deposit Paid amount |
| 14. | Less deposit amount released | Conveyancing Details > Released Amount (available upon ticking the Released checkbox) |
| 15. | Less deposit amount retained by agent | Deposit Paid less Released Amount (see Handy Hints for further details) |
| 16. | Amount payable to you | Deposit Paid less Released Amount less Agent's Details > Total (see Handy Hints for further details) |
| 17. | Funds held by firm breakdown | Conveyancing Details > Deposit Holder is selected as Vendor's Representative OR Purchaser's Representative |
| 18. | Deposit paid on exchange | Conveyancing Details > Deposit Paid amount |
| 19. | Less deposit amount released | Conveyancing Details > Released Amount (available upon ticking the Released checkbox) |
| 20. | Amount payable to you | Deposit Paid less Released Amount (see Handy Hints for further details) |
Handy Hints
- When the Deposit Holder is selected as Vendor's Agent and their fees are greater than the balance of the Deposit Paid (less any Released Amount if applicable), the Agent will retain the whole balance and a payment will automatically populate into settlement financials for the balance owing to the Agent.
- If the Agent's Commission and fees are less than the balance of the Deposit Paid (less any Released Amount), the Agent will retain their entire commission and the balance at (16) will show the funds to be returned to the Vendor.
- If the Vendor's Representative or Purchaser's Representative are selected as the Deposit Holder then the Agent's Commission and Fees will automatically be drawn as a payment in Settlement Financials for the whole amount payable to the Agent.
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