Assessor Resource

CHCSOH012
Acquire properties by purchase or transfer

Assessment tool

Version 1.0
Issue Date: April 2024


This unit describes the skills and knowledge required to negotiate the purchase or transfer of property to social housing.

This unit applies to work in a social housing context typically carried out by senior workers working autonomously within broad guidelines.

The skills in this unit must be applied in accordance with Commonwealth and State/Territory legislation, Australian/New Zealand standards and industry codes of practice.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Formulate terms and conditions of Contract or transfer Agreement element

1.1 Formulate draft transfer Agreement terms and conditions to protect client's interests

1.2 Issue instructions to legal consultants to prepare draft Agreement

1.3 Formulate draft Agreements to meet relevant industry, company and legislative requirements

1.4 Convey draft Agreement terms and conditions to the relevant party or its agent before negotiations are undertaken

2. Negotiate Agreement terms and conditions

2.1 Hold discussions with interested parties to enable agreement to be reached on form and contents of Agreement

2.2 Ensure Agreement is signed by all parties once consensus has been reached on the form and content

2.3 Ensure Agreement is forwarded to legal or conveyancing services

3. Confirm acceptability of Agreement

3.1 Issue instructions to relevant consultants to enable the property inspection to be effected

3.2 Liaise with relevant parties regarding upgrades or maintenance requirements of identified properties

3.3 Convey decision to interested parties in a timely manner and in writing in relation to inspections, upgrades and maintenance

3.4 Confirm availability of finance

3.5 Confirm satisfactory pre-purchase or transfer inspection reports

4. Prepare for exchange or transfer

4.1 Organise financial deposit if relevant

4.2 Confirm all required documentation and certificates

4.3 Prepare and amend Contract and/or transfer Agreement to be made ready for exchange

5. Exchange Contract or transfer documentation

5.1 Confirm Contracts are identical and as agreed

5.2 Exchange Contract and deposit if required

5.3 Date Contracts for each party

6. Prepare for settlement

6.1 Conduct or arrange all relevant statutory enquiries

6.2 Issue requisitions on title

6.3 Prepare a transfer document

6.4 Satisfy financial obligations

6.5 Submit stamp duty and required documentation

6.6 Stamped transfer sent to vendor for execution

6.7 Arrange settlement time, date and finance

7. Confirm legal transfer

7.1 Attend settlement

7.2 Obtain final search on property for encumbrances

7.3 Conduct handover of title and or transfer documents

7.4 Check documentation

7.5 Conduct hand over of finances

7.6 Register documents with statutory authority

7.7 Accept new land issues in purchaser’s name

8. Document asset to property portfolio

8.1 Enter all relevant details into property management system

8.2 File property documentation

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Formulate terms and conditions of Contract or transfer Agreement element

1.1 Formulate draft transfer Agreement terms and conditions to protect client's interests

1.2 Issue instructions to legal consultants to prepare draft Agreement

1.3 Formulate draft Agreements to meet relevant industry, company and legislative requirements

1.4 Convey draft Agreement terms and conditions to the relevant party or its agent before negotiations are undertaken

2. Negotiate Agreement terms and conditions

2.1 Hold discussions with interested parties to enable agreement to be reached on form and contents of Agreement

2.2 Ensure Agreement is signed by all parties once consensus has been reached on the form and content

2.3 Ensure Agreement is forwarded to legal or conveyancing services

3. Confirm acceptability of Agreement

3.1 Issue instructions to relevant consultants to enable the property inspection to be effected

3.2 Liaise with relevant parties regarding upgrades or maintenance requirements of identified properties

3.3 Convey decision to interested parties in a timely manner and in writing in relation to inspections, upgrades and maintenance

3.4 Confirm availability of finance

3.5 Confirm satisfactory pre-purchase or transfer inspection reports

4. Prepare for exchange or transfer

4.1 Organise financial deposit if relevant

4.2 Confirm all required documentation and certificates

4.3 Prepare and amend Contract and/or transfer Agreement to be made ready for exchange

5. Exchange Contract or transfer documentation

5.1 Confirm Contracts are identical and as agreed

5.2 Exchange Contract and deposit if required

5.3 Date Contracts for each party

6. Prepare for settlement

6.1 Conduct or arrange all relevant statutory enquiries

6.2 Issue requisitions on title

6.3 Prepare a transfer document

6.4 Satisfy financial obligations

6.5 Submit stamp duty and required documentation

6.6 Stamped transfer sent to vendor for execution

6.7 Arrange settlement time, date and finance

7. Confirm legal transfer

7.1 Attend settlement

7.2 Obtain final search on property for encumbrances

7.3 Conduct handover of title and or transfer documents

7.4 Check documentation

7.5 Conduct hand over of finances

7.6 Register documents with statutory authority

7.7 Accept new land issues in purchaser’s name

8. Document asset to property portfolio

8.1 Enter all relevant details into property management system

8.2 File property documentation

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
 
1.1 Formulate draft transfer Agreement terms and conditions to protect client's interests 
Issue instructions to legal consultants to prepare draft Agreement 
Formulate draft Agreements to meet relevant industry, company and legislative requirements 
Convey draft Agreement terms and conditions to the relevant party or its agent before negotiations are undertaken 
Hold discussions with interested parties to enable agreement to be reached on form and contents of Agreement 
Ensure Agreement is signed by all parties once consensus has been reached on the form and content 
Ensure Agreement is forwarded to legal or conveyancing services 
Issue instructions to relevant consultants to enable the property inspection to be effected 
Liaise with relevant parties regarding upgrades or maintenance requirements of identified properties 
Convey decision to interested parties in a timely manner and in writing in relation to inspections, upgrades and maintenance 
Confirm availability of finance 
Confirm satisfactory pre-purchase or transfer inspection reports 
Organise financial deposit if relevant 
Confirm all required documentation and certificates 
Prepare and amend Contract and/or transfer Agreement to be made ready for exchange 
Confirm Contracts are identical and as agreed 
Exchange Contract and deposit if required 
Date Contracts for each party 
Conduct or arrange all relevant statutory enquiries 
Issue requisitions on title 
Prepare a transfer document 
Satisfy financial obligations 
Submit stamp duty and required documentation 
Stamped transfer sent to vendor for execution 
Arrange settlement time, date and finance 
Attend settlement 
Obtain final search on property for encumbrances 
Conduct handover of title and or transfer documents 
Check documentation 
Conduct hand over of finances 
Register documents with statutory authority 
Accept new land issues in purchaser’s name 
Enter all relevant details into property management system 
File property documentation 

Forms

Assessment Cover Sheet

CHCSOH012 - Acquire properties by purchase or transfer
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

CHCSOH012 - Acquire properties by purchase or transfer

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: