There is so much out there written about what conveyancing is and what it involves. Well in a nutshell it is the transfer of property from one entity to another. When we say entity, we mean, an individual, company and or trust.
First, let’s clarify some common terminology used in a standard conveyancing transaction.
Vendor– The term vendor is referred to the entity selling the property. Usually, the person, company or trust is named also on the certificate of title and would be referred to as the Transferor on transfer documents.
Purchaser- This term refers to the entity acquiring the land, who would also be referred to as the transferee in the transfer forms.
Special Conditions- Clauses in the contract that are either existing vendor clauses that you can amend or add additional clauses.
General Advice for Conveyancing
In a standard conveyancing matter, where you are planning or have signed the contract to purchase the property, your legal representative would review the contract for you, and advise on any major issues about the contract and the property you are purchasing.
Ghothane Lawyers can assist you in this process. They provide free contract review and will explain each step of the process of your matter to you. So, for all of your conveyancing needs, get in touch with Ghothane Lawyers today!