Conveyancing is the legal process of transferring the ownership of a property from one person to another. If you want to purchase or sell a home, land or investment property you will have to sign a contract. The legal work involved in preparing the sales contract, mortgage and other related documents, is called conveyancing.
What is the Difference Between A Lawyer and A Conveyancer?
A lawyer is a person who is qualified to provide legal advice regarding the rights and obligations of a seller and buyer throughout the course of a conveyance. For example, a lawyer is qualified to provide legal advice regarding the terms of the contract and whether a particular term has been breached.
A conveyancer is a person who is experienced in the area of conveyancing but is unable to provide legal advice. They are skilled at managing the sale or purchase of a property from the date the contract is signed until the date settlement occurs, under the supervision of a qualified lawyer.
What Can Straits Lawyers Advise Me On?
We can provide advice on the following matters:
• Types of title and forms of ownership;
• Cooling off periods;
• Circumstances that may affect settlement;
• Available grants, concessions and rebates (for example, the First Home Owners Grant);
• Fees and charges, including rates and taxes;
• Change of ownership;
• Legal obligations;
• Insurance responsibilities;
• Caveats and encumbrances; and
• Special conditions and “subject to” clauses.
How Long Does the Conveyancing Process Take?
The conveyancing process will begin once all parties have signed the Contract. The period between when the Contract has been signed and settlement will depend on the terms of each individual Contract. Generally, settlement is often 30 or so days from the date of Contract.
Who Notifies the Authorities That I Have Purchased or Sold A Property?
The purchaser through their solicitor/ conveyancer will notify all relevant bodies about the transaction.
If you are looking to purchase or sell your property and would like to find out more about your rights and options, Straits Lawyers are here to help. Simply send us an email at email@example.com or give us a call on 8410 9069 to arrange an appointment for an online interview.
Alternatively, if you would like to conveyance a property, Straits Lawyers are now offering online services at https://straits-lawyers.square.site/product/conveyancing-/2?cs=true.
Please note that this article does not constitute legal advice and Straits Lawyers will not be legally responsible for any actions you take based on this article.