Conveyancing is the process of legally preparing documents required during the sale or purchase of a property. You require a conveyancer to ensure that all the legal requirements of buying or selling a property have been met and there won't be any problems regarding ownership of the property in the future. Here's what you need to know about conveyancing:
Clearing Up Misleading Terms
When you are in the process of looking for a conveyancer, you may come across different terms that may seem confusing. Here are their definitions to help make things clear for you:
This specialist is only qualified to handle the transfer of property from a seller to a buyer. A conveyancer can also give you legal advice about the transfer of the property, assist you in the drawing and lodging of the legal documents used in the transfer of the property, carrying out research regarding the true owner of the property in question and finding out whether there are any issues with the property that could affect the transfer of the property at that time or a future date.
A solicitor has the same qualifications a conveyancer has, but he or she is also a qualified and registered lawyer who can represent you in court. A solicitor is needed if the property of concern has some problems that need to be solved in a court. A conveyancer cannot represent you in court.
Since the term solicitor alone might confuse potential clients, solicitors who handle conveyancing matters place the term conveyancing in front of the term solicitors to make it clear to potential clients that they handle conveyancing work and cases.
Commercial and Residential Conveyancing
If you are looking to hire a conveyancer, ensure that you identify what type of property you are dealing with because different properties might have different rules and regulations that govern them. Therefore, if you are handling a commercial property, look for a commercial conveyancer or conveyancing solicitor. Likewise, if you are handling a residential property, hire a residential conveyancer or conveyancing solicitor.
What Can You Expect From Conveyancers?
The seller and buyer of a property should have different conveyancers. They both listen to your needs and carry out the relevant property research needed. You can have the conveyancers meet up on your (buyer and seller) behalf and exchange your wishes until an agreement is reached. The two conveyancers can then draw up and lodge the transfer of ownership documents and facilitate the purchase or sale of a property.