Conveyancing Domestic

We provide a full range of advice for residential purchases and residential leasing.

Conveyancing is the act of transferring the legal title in a property from one person to another. The buyer must ensure that he or she obtains a good and marketable 'title' to the land; i.e., that the person selling the house actually has the right to sell it and there is no factor which would impede a mortgage or re-sale.

A system of conveyancing is usually designed to ensure that the buyer secures title to the land together with all the rights that run with the land, and is notified of any restrictions in advance of purchase.

A typical conveyancing transaction, whether a sale or purchase, contains two major 'landmarks', which are exchange of contracts (whereby equitable title passes) and completion (whereby legal title passes), plus the three stages: before contract, before completion and after completion.

In most mature jurisdictions, conveyancing is facilitated by a system of land registration which, in the near future, is likely to lead to widespread (if not mandatory) use of electronic conveyancing.

 

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The information contained on this website is for guidance purposes only. It does not constitute legal or professional advice. Professional or legal advice should always be obtained before taking or refraining from any action as a result of the content stated on this website. No liability is accepted by McGrath O'Donnell & Associates for any action taken in reliance on the information contained herein. Any and all information is subject to change.

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