In Australia, there are several important tasks related to the transfer of property ownership that you must see to when you are buying or selling a property that are a bit complicated, and very time consuming. One of the most critical is called “conveyancing” part of the area of property law that oversees the transfer of property.
It is very important that this daunting task be completed properly in a timely manner, which is why many people seek the help of professional property conveyancers who can use their expertise to handle this complicated process with ease.
To give you an idea of what is entailed, the legal work required by the conveyancing process includes:
- Arranging for any mortgages to be properly registered
- Conducting a title search
- Preparing all of the documents related to purchasing and selling a property.
Your conveyancer is an experienced property specialist who can offer the sellers and purchasers detailed information, expert advice, and provide assistance in the process of transferring property ownership between the involved parties. Your conveyancers guides you through the entire conveyancing process in order to ensure a smooth transfer, and bring you the peace of mind that knowing everything is being correctly managed can give.
People who take on the role of a conveyancer are required to obtain a license that allows them to conduct conveyancing for all types of property transfers on behalf of their clients, including commercial, rural, and residential properties. The requirements for licence eligibility are slightly different in every state and territory, but in general a combination of educational qualifications, job training, and some assistant field experience is required.
In New South Wales for example, a conveyancer needs to be licensed by the Department of Fair Trading, and it’s necessary for them to undergo ongoing professional development training as a qualification for the renewal of their licence. Another requirement is that a licenced conveyancer must take out a professional indemnity insurance policy in the unlikely event that negligence on their part results in a financial loss for their client. This is extremely rare, of course, but it’s best that all parties be protected during such complex legal proceedings. The goal of a conveyancer is to help make the entire property ownership legal process run smoothly, and to identify any unexpected issues that weren’t previously apparent to the parties involved. It is well worth retaining the services of a highly efficient conveyancer with a great reputation to help you navigate these complex procedures and avoid any pitfalls.
