In brief - Introduction of electronic leasing to increase
efficiency in leasing
NSW Land Registry Services (LRS) recently
announced that leases in NSW can now be lodged electronically
through an Electronic Lodgement Network Operator. Currently this
would be through Property Exchange Australia Limited
(PEXA), the only national electronic lodgement
network in Australia. For most leases (with some limited
exceptions, detailed further below) there is now the ability for
representatives of landlords and tenants to prepare, sign and
register leases electronically in NSW. This applies to a lease over
the whole, or part of the land in a title.
E-property transactions
This development is part of the on-going transformation of all
property transactions in NSW. The digital transformation process
started with mortgages, caveats and conveyancing and is continually
expanding. The LRS timeline is that at 1 July 2019 all:
