What Is Conveyancing?
In law, conveyancing is the transfer of title of property from one person to another, or the granting of an encumbrance like a mortgage.
A typical conveyancing transaction has two major parts
- the exchange of contracts (whereby equitable title passes): and
- the completion (whereby legal title passes).
- BEFORE COMPLETION - A buyer of real property must ensure that he or she obtains a good and marketable 'title' to the land; i.e., that the seller is the owner, has the right to sell the property, and there is no factor which would impede a mortgage or re-sale.
- AFTER COMPLETION - A system of conveyancing is usually designed to ensure that the buyer secures title to the land together with all the rights that run with the land, and is notified of any restrictions in advance of purchase. In Victoria, conveyancing is facilitated by a system of land registration, which is designed to encourage reliance on public records and assure purchasers of land that they are taking good title.
Alpha Timor TM ConveyancingPO Box 831
South Yarra VIC 3141
Phone: 03 9690 8855
Facsimile: 03 9690 8881