What Is Conveyancing? & Other FAQ's
What is conveyancing?
Conveyancing is the legal term used to describe the transfer of a property from one owner (the seller or vendor) to another (the buyer or purchaser).
Licensed Conveyancers are experts in the field of conveyancing (property matters). Because we can handle many varied property matters, we not only have wide experience in the usual agent sales, but also in auction, "off the plan", options and private sales.
A conveyance comes into being by a Contract of Sale of Land. This is normally prepared by a legally qualified person, such as a conveyancer acting for a vendor and is checked by the purchaser's conveyancer.
Besides dealing with the actual contract and transfer, many ancillary functions are involved such as checking to see if the property is affected by:
- Government Authority Proposals
- Local council and state government compliance
- Condition of the property as regards building and pests
- Strata reports
- Easements and covenants
- Stamp duty
- Land tax, council and water rates
- Sale/purchase of business
- Residential tenancies
- Commercial leases