By working together we can make a big difference. Projections indicate Homes for Homes can raise >$1.8 billion over 30 yrs from residential property. Joining the community that is working together is simple.
If you are buying a property that is already registered with Homes for Homes click here
STEP ONE: Register Your Property with Homes for Homes
To register your property with Homes for Homes simply complete and execute a ‘Homes for Homes Donation Deed’ (Deed). Click here to register.
A registered property remains ‘in’ Homes for Homes when it is sold, facilitating a 0.1% donation by subsequent owners each time the property sells. Importantly as a voluntary initiative, the current owner can withdraw a registered property (‘Opt-out’) from Homes for Homes at any time.
In summary, the Deed records the title details and sets out:
- Owner’s consent for Homes for Homes to lodge a ‘permissive’ caveat on title.
A ‘permissive caveat’ permits other dealings, such as mortgages, and triggers the offer to donate when the property is sold. As caveator, Homes for Homes lodges the ‘permissive’ caveat.
- Homes for Homes’ agreement, upon request, to withdraw the permissive caveat and, where required, consent to dealings.
Simply click here for consent or here to withdraw
STEP TWO: Sale of a Registered Property
By recording Homes for Homes on title via a ‘permissive’ caveat, the offer to donate when the property is sold is triggered at time of sale:
- Homes for Homes is disclosed in the Contract of Sale as a Special Condition
template ‘Special Condition’ wording is available here
- The vendor donates (0.1% of sale price) as part of settlement disbursements and advises Homes for Homes of the sale and associated details, following which Homes for Homes issues the vendor a donation receipt.
An ongoing solution.