Conveyancing: Buying or Selling a Property and Leasing

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Conveyancing: Buying or Selling a Property and Leasing

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Conveyancing work is an essential part of the process when buying or selling a property, or creating, transferring or otherwise dealing with an interest in a property, including leasing and licensing. The main goal of conveyancing is to ensure a smooth and legally valid transfer of property rights.

During the conveyancing process, various tasks are undertaken. These include conducting property searches to gather information about the property, verifying the legal ownership of the property, examining any existing mortgages, caveats, liens, or other dealings, preparing and reviewing legal documents, and coordinating with all parties involved, such as the buyer, seller, real estate agents, lenders, tenants, lessors and their legal representatives.

Additionally, conveyancers also handle the financial aspects of the transaction, such as calculating and collecting stamp duty, arranging for the payment or adjustment of fees and property taxes, and managing the transfer of funds between parties via Pexa and use of solicitors’ and lenders’ accounts.

Conveyancing can be a complex process, but with the help of experienced professionals, it becomes much easier and less stressful for all parties involved.

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