Document background
The Deed of Real Estate Mortgage is a fundamental document in Australian property financing transactions, used whenever a lender requires security over real property for a loan or other financial accommodation. This deed creates a registrable interest in the property under the Torrens title system and must comply with state-specific property legislation and federal consumer protection laws where applicable. The document is essential for both residential and commercial property financing, containing crucial provisions about the property's description, the secured obligations, mortgagor's commitments, events of default, and the mortgagee's enforcement rights. It is commonly used by banks, financial institutions, and private lenders to secure their interests when providing property financing, and requires careful drafting to ensure enforceability and compliance with Australian legal requirements.
