A Notice of Sale is used by NSW LRS to notify the local council, water supply authority and relevant rating authorities of changes in ownership of the properties. s39(1)(B) of the Real Property Act 1900 requires a Notice of Sale to be lodged in all cases where the registered proprietor name on title changes, including a change of name.
Once a dealing is registered the local council, water supply authority and relevant rating authorities are automatically informed of the change and their records are updated.
All electronic Transfers lodged through PEXA require a Notice of Sale to accompany the dealing.
For information to assist with completing a Notice of Sale in PEXA, see PEXA guidance notes for Notice of Sale.