We all know our own name. But during the settlement process, the simple requirement to write each party’s name(s) leads to a surprising amount of mistakes.

As a reminder, the full legal name of the buyer and seller needs to be included on the offer and acceptance.

But, quite commonly, the names on one or more of these documents don’t exactly match the individuals’ legal name. Common mistakes include:

While these seem trivial, if the names on the offer acceptance don’t match those on the individual’s ID or other documents, important institutions such as banks, Landgate, or the Office of State Revenue won’t accept them – and settlement may be delayed.

To aid a smooth and timely settlement, treat the writing of correct names on paperwork as non-negotiable as signatures on a contract.

Image by Marc Roberts via Flickr.

About the Author

Residential Settlements

We provide real estate settlement services throughout Western Australia. In addition, we complete Related Party Transfers, Family Transfers, Private Sales and other title related services.