What is Conveyancing and How Does It Work?
Conveyancing is widely covered in the media. To put it simply, it is the transfer of property from one entity to another. The term entity refers to an individual, company, or trust. When it comes to conveyancing, what actually happens? A sale contract, a gift, the death of a landowner, or the breakup of a relationship are all ways by which someone can transfer property to another. In any case, they would need to appoint a conveyancer or lawyer as their legal representative to complete the transfer. In order to begin, there are a few common terms used in a typical conveyancing transaction that need to be clarified. Vendor – Vendors are entities that sell properties. On transfer documents, the Transferor is usually the person, company, or trust named on the certificate of title. Purchaser - It refers to the entity that acquires the land, also known as the transferee on the transfer documents. Special Conditions - There are clauses in the contract that can either be amended or added, d
