Conveyancing - explained
29 Jul 09
Conveyancing - explained
Conveyancing is the technical word that is used to describe the way that property is legally transferred from one person to another.
In Australia, the owner of real property is “registered” as the owner of the property with the relevant State Government land department. The effect of being noted as the “registered” owner of real property is that no-one can steal your property or otherwise be entitled to claim ownership of your property.
This obviously differs with the way we own transportable property such as televisions, stereos and mobile phones where you cannot be registered as the owner and you have no real way of proving that a particular item of property belongs to you.
The job of a solicitor in the conveyancing process is to ensure that this transfer of ownership occurs properly and safely for both the buyer and seller of real property.
There are a number of potential pitfalls in conveyancing and it is the job of the solicitor or conveyancer to minimise the risks of these pitfalls affecting the client.