subject: An Overview of Coveyancing Services in Australia [print this page] Author: John Evans Author: John Evans
Property conveyancing services provide the transfer of legal title of property from one person to another, or the granting of an encumbrance such as a mortgage or a lien.The main objective of conveyancing is to make sure the buyer of the property gets the title of land. This is done by confirming that the seller is the rightful owner of the land, and has the right to sell the land and that there is nothing that may prohibit its mortgage, re-sale, or construction of a house or real estate development on the land later on. The main reason for this is to insure the buyer gets full ownership of the properly and is able to anything with the property, without facing problems and restriction down the line.Conveyancing services in Australia are usually completed by a solicitor or a licensed conveyancer. There are also do-it-yourself kits available if the buyer wishes to complete the process themselves. But varying state and council laws and processes make conveyancing very complex and this is usually not recommended.A common conveyance will usually take between four to six weeks, and most firms will offer a fixed cost for the job. Be aware however that the fixed price property conveyance services may not include all searches required to complete the conveyance of a property. It is always best to get a firm quote before you engage the services of a solicitor.A typical conveyance includes (in most states and territories), but is not bound or limited to, the following:# Title Searches# checking for any restriction or encumbrances# ensuring that the contracts special condition (if any) are met# insring rates and water cahrrges are paid by the responsible party. # arranging payment of fees and charges# preparing all legal documents.Searches generally make up the bulk of the conveyance. This is because it must be made sure that all rights and title are properly awarded to the seller, and all the information must be retrieved from the three level of government (most of the information is generally received from state and local authorities). A standard search package generally includes:# Company and Contaminated Land search# Council Property and Council Inspection of Records search# Land Tax search# Main Roads search# Registered Plan Search# Titles and check title searchWhen you need property conveyancing services in Australia is highly recommend that you consult a professional, as the transaction can be tricky and you dont want to end up with mistakes and not taking full ownership of the title deed and property.About the Author:
