Trust money in property transaction
Money held on behalf of another person in a regulated trust or stakeholder arrangement during a property sale, rental, transfer, or related transaction.
Definition
Trust money questions should be checked against the mandate, sale agreement or lease, payment instructions, trust account details, receipts, bank proof, practitioner or attorney status, Fidelity Fund Certificate, release conditions, cancellation facts, and any dispute about commission, deposit, occupational rent, or transfer costs. The review should focus on the authority to hold and release the money.
Key takeaways
Money held on behalf of another person in a regulated trust or stakeholder arrangement during a property sale, rental, transfer, or related transaction.
Property Law
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Trust money dispute
Property deposit dispute
Estate agent commission dispute
Related resources
Resources and guides
Property Transfer Checklist
Preparation checklist for buyers and sellers moving through property transfer.
ConveyancingClient Document PackProperty Transactions and Occupation Document Checklist
Property Transactions and Occupation Document Checklist: prepare Offer to purchase, Lease, Title deed and identify missing records before legal advice.
ConveyancingChecklistProperty Dispute Checklist
Property Dispute Checklist for preparing documents, facts, dates, and questions connected to property law.
Property LawFAQs
Trust money in property transaction FAQs
What does Trust money in property transaction mean?
Money held on behalf of another person in a regulated trust or stakeholder arrangement during a property sale, rental, transfer, or related transaction.
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