Business & Corporate: What’s New? PEXA

Frank Legal is now a member of PEXA.

PEXA is the new electronic settlement process, digitally transforming the property completion experience.

PEXA provides fast access to cleared funds with safe encrypted signing.

PEXA allows all parties to be visible on the same platform and communicate to each other in real time.

When selling, PEXA allows for online document checks, ensuring all documents are correct when processing to settlement. PEXA also allows for money to move fast with clear funds to your nominated bank account.

When purchasing, PEXA provides automatic online document checks providing greater certainty that settlement will occur when scheduled for you to take possession of your property. With PEXA documents are lodges same day, giving you a peace of mind that all documents have been updated and ownership is entirely yours. PEXA also eliminates bank cheques, saving time and money. 

If you are thinking of purchasing or selling a property please contact our Andrew Frank or email us at info@franklegal.com.au 

This article is provided to the reader for general information. It is not legal advice. It was written by Reegina Moteea and edited by Andrew Frank.

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Keywords: property, PEXA, selling, purchasing