Conveyancing Explained

You can consider conveyancing most generally to be process involved in the transfer of title of property to another person if you are selling or from another person if you are buying.

In most cases, your conveyance will start from the time you enter into your contract. It continues through the duration of the contract as various conditions such as finance approval and building inspections are satisfied, leading to settlement where important legal documents are exchanged along, of course with the payment of the purchase price.

Settlement is not the end of the process however. Shortly following settlement the registration of the transfer of the property takes place at the Land Titles Office which gives you your legal title to the property. The conveyancing process concludes upon the successful registration of the transfer of ownership of the property.

There can also be terms in your contract which may require you or other parties to perform certain obligations even after settlement this could include things such as special conditions requiring the completion of repairs to the property. In some cases, such as where any of the parties are determined not to comply with obligations that they may have following settlement, it may be necessary to enforce your rights through the court system.