About
Conveyancing
BDN Lawyers are your local conveyancing experts
Conveyancing is the process of transferring ownership of legal title in land and it takes place whenever you’re buying or selling land.
While it isn’t legally required, conveyancing is a complex task which includes various legal, financial and administrative steps. Consequently it is prudent to engage an experienced conveyancing lawyer to assist with the process.
Conveyancing broadly involves three steps:
- Contract preparation
- Exchange of contracts
- Settlement of the transaction
If you’re selling a property, your conveyancing lawyer will:
- Prepare the contract taking into account any unique circumstances that require additional and specialised clauses
- Protect your interests when negotiating the final terms of sale with the buyer
- Arrange for the exchange of contracts and payment of deposit
- Liaise with your bank to determine the conditions for the discharge of any mortgage
- Calculate the precise amount of money the buyer needs to pay on settlement (taking into account adjustments for rates, water and building reports etc)
- Prepare documents to give effect to the transfer of ownership
- Oversee the settlement of the transaction whereby purchase funds are handed over in exchange for title documents
If you’re buying property, your conveyancing lawyer will:
- Review the contract for sale
- Protect your interests when negotiating the final terms of the sale with the seller
- Arrange for the exchange of contracts and payment of deposit
- Liaise with your bank to help ensure finances will be ready in time for settlement
- Undertake searches to determine what additional payments, if any, will be required on settlement for rates and water etc.
- Calculate the precise amount of money you need to pay on settlement
- Ensuring that the correct title documentation are handed over at settlement
Conveyancing lawyers perform an extremely important rule and it widely recommended that you engage a conveyancing lawyer whenever you are:
- Buying property
- Selling property
- Subdividing land
- Updating a title
Our Experts
Partner
Managing Partner (Canberra)
Managing Partner (Queanbeyan)
Solicitor
Solicitor
Solicitor
Licensed Conveyancer / Conveyancing Manager - Queanbeyan
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