What is Conveyancing?
Conveyancing is the legal process of transferring ownership of property. It includes necessary checks and searches that ensure that the seller legally owns the land, and that the buyer takes it without any unexpected encumbrances.
When you are buying a property, Conveyancing includes the following processes:
- Examining the Contract and Section 32 (Vendors Statement);
- Ensuring any Special Conditions in the Contract are met;
- Searching the title to verify its status;
- Obtaining Rate and Planning certificates from the relevant authorities;
- Adjusting council and water rates and Owners Corporation if applicable;
- Arranging for an our agent to attend settlement;
If you have no Mortgagee;
- Arranging for the payment of stamp duty on the transfer
- Lodging the transfer documents with the Titles Office
- Notifying the relevant authorities of the change in ownership
When you are selling a property, Conveyancing includes the following processes:
- Preparing the Section 32 Vendors Statement’
- Searching the title to verify its status;
- Arranging for a release of the deposit;
- Dealing with the requirements of any lender;
- Examining the adjustment of rates and other charges;
- Attending the settlement;
- Notifying the relevant authorities of the change in ownership.
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