What is conveyancing?
Conveyancing is a legal process that is required when selling or transferring property. It involves the conveyance of land from the seller to the buyer through a conveyance deed. The conveyance deed conveys title from one person to another and includes instructions on how to calculate taxes and other fees related to the conveyance transaction.
The conveyance deed should include the names and addresses of all parties involved in the conveyance, a description of the property being conveyed, any encumbrances (liens, mortgages) on it, easements (rights of way), special conditions (such as “as is”), and restrictions on use.
What is a draft contract?
A draft contract is a document that can be used to help convey conveyancing. This document contains an agreement between two parties to convey property. The agreement includes the conveyance of land or conveyance deed, conditions, and any necessary taxes. Draft contracts are best when entering into transactions with multiple properties because they allow for flexibility.
What is a property survey?
A property survey is a physical examination of the property, which should include measurements of the boundary lines and buildings on the property. A boundary line is a conveyance line that separates one owner’s land from another neighbouring owner’s land. It includes any fixtures, such as utility poles and underground pipes, that are on or below the surface; it can also include any utilities for other properties or adjoining streets that are within the boundaries of your property.
Why instruct a conveyancer?
You should instruct conveyancers when you start to put your property on the market. This is because conveyancing can be a very difficult process. When you instruct conveyancers include in your conveyance deed, any encumbrances or restrictions on the property, easements, and any special conditions that may apply.