Attending to the transfer of a property may seem a simple process that takes little time. Nothing is further from the truth! Conveyancing is a complex series of tasks that require knowledge and skill and for this reason conveyancers must hold special qualifications and be licensed.
Below is a list of tasks required to fulfil a Conveyancer’s legal obligations to you:
- Take initial instructions from Purchaser and advise Purchaser to get insurance cover immediately.
- Send letter of engagement to client to sign and return.
- Carefully peruse the contract, Form 1 and any other documents.
- Ensure purchaser is getting the correct property – eg client to sign a plan of the property.
- Obtain appropriate statutory searches. Check contract and Form 1 against searches. Get instructions if appropriate.
- Ensure special conditions are met by the allocated due dates.
- Consider if client needs GST or other tax, legal or professional advice and obtain instructions.
- Ascertain if there are any stamp duty concessions available to client.
- Ascertain if purchaser is a first home buyer.
- Ascertain the manner in which joint purchasers are to hold the property.
- Ensure that any encumbrance on the title is dealt with appropriately.
- Confirm finance arrangements with purchaser and deal accordingly with lender.
- Complete settlement (either electronically or at the Lands Titles Office) on the settlement day to complete the transaction.
Please contact us for more information.