Conveyancing law refers to the legal or statutory process of transferring the property from an owner to the buyer. Usually, conveyancing happens when the owner and the buyer enter a legal contract describing the terms and conditions on which the property will be sold.
Conveyancing is the transfer of property from an owner to a buyer via the legal procedure. Various residential, rural, industrial, commercial, and vacant land properties can be transferred under conveyancing.
Conveyancing transactions are usually the largest; getting legal advice before signing the documents leading to such huge transactions is crucial. Legal advice is also necessary before agreeing to sell or purchase land to ensure your interests are not compromised.
Signing a document for sale or purchase purposes is more critical. Although the conveyancing transaction happens quickly, A buyer or purchaser may not understand the technical considerations without legal help!
Here is how we can help our clients with conveyancing:
- Help the purchaser to understand precisely what they are purchasing.
- Ensure that all the essential inquiries have been either attended to or organized
- Ensure that the seller understands and complies with the terms and conditions related to the sale of the property
- Ensure that all the legislative requirements have been fulfilled
- Ensure that the details related to the purchaser and the vendor are precise and correct
- Ensure that the transfer of the property keeps the considerations such as capital gains tax, services tax, land tax, and stamp duty in view
- Double-check if there are any encumbrances needed to be discharged before transferring the property
- Double-check if any residential tenancies or leases need to be paid or discharged.
- Make sure that the arrangements are made with the banks or financiers to ensure the availability of the loan if required, and mortgages will be released to make sure that statement can happen at any time.
- Ensure that the penalties in case of breach of the contract have been explained to both parties.
Electronic conveyancing, also called e-conveyancing, is making the conveyancing transactions digitally rather than manually.
E-conveyancing also includes transferring the property from the seller to the buyer digitally.
Buy and Sell Land
Buying and selling property includes transferring the property from the owner to the buyer via legal channels.