New exemption to save state land renters time and money
The Queensland Government has cut red tape for 9450 state land leaseholders by introducing changes for transferring a lease.
Under the changes introduced on 2 December, lessees who rent state-owned land and satisfy certain criteria will be exempt from seeking approval from the department prior to transferring a lease, saving them valuable time and money.
Department of Natural Resources, Mines and Energy Deputy Director-General Lands Wally Kearnan said the changes will be welcome news to lessees of state owned land.
“Previously, a state land lessee would need to seek approval from the state government to transfer a lease before lodging transfer forms with the Titles Registry.
“These changes give them the opportunity to transfer the lease for less cost and save time.
“This initiative simplifies the lease transfer process for eligible leaseholders and may also reduce delays in settlement,” Mr Kearnan said.
“Obtaining state government approval often took up to one month, so cutting this step in the process will make it a lot easier for many leaseholders who are selling or otherwise transferring their lease.
“Eligible leaseholders will also save money as part of the exemption, as they no longer have to pay a fee for seeking approval to transfer their lease. They now will only have to pay a fee to the Titles Registry when they lodge their request to transfer their lease,” he said.
A noting has been added to all relevant lease titles to which the exemption applies. Leaseholders can check if their lease title has an exemption noting by calling 1300 255 750, visiting www.qld.gov.au (and searching ‘property and title searches’) or visiting one of the department’s business centres. If there’s no exemption noting, the prior approval of the department is required before a lease is transferred.
For more information, including eligibility criteria, visit www.qld.gov.au and search ‘land lease transfer exemption’, call 13 QGOV (13 74 68) or email email@example.com.
Last updated 13 January 2020