Conveyancing is the legal process involved in transferring the title of a property from a seller (usually referred to as the Vendor) to a buyer (usually referred to as the Purchaser).
A conveyance comes into being by a Contract for Sale of Land. This is normally prepared by a legally qualified person, such as a conveyancer or solicitor acting for a vendor (seller) and is checked by the purchaser’s (buyer’s) conveyancer or solicitor.
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 pest reports;
- That you can actually use the property for whatever your intentions whether it be residential,
commercial, industrial, etc.
- Surveys
- Leases
- Strata Reports if applicable
- Easements and Covenants
- Stamp Duty
- Mortgages
- GST
- Land Tax, Council and Water Rates