Property + Conveyancing
Buying or selling a property, acquiring a commercial property to operate your business, or subdividing an existing parcel of land are amongst the biggest and most important financial transactions most of us will make in our lifetime.
Canny Legal have the expertise to guide you through every step of the conveyancing process, and regularly collaborate with our accounting team and advisory team to ensure that all aspects of the transaction are considered. This often includes planning for tax and stamp duty implications, capital gains tax, structure considerations and also investment advice.
Our service arms work collaboratively to ensure that we can offer you the best experience with no hidden surprises down the track when it comes to your big life transactions. Let our expert team help to make these – stress free!
What Is Conveyancing?
Put simply, conveyancing is the process of transferring over the ownership of a legal title of land to the new owners – whether that be a person or an entity such as a small business.
It involves preparing, verifying and lodging the different required legal documents associated with the purchase or sale of a home, property parcel of land etc., and importantly preparing the property for settlement.
When it comes to buying or selling a house or property there are some important people that need to be involved along the way:
- The purchaser/seller
- The real estate agent
- The bank
- Your conveyancer
Buying a home can be an exciting time but what’s not so exciting can be the mountain of paperwork that comes with it. This is the first place where a conveyancer can help and even more so – if you choose a conveyancer who is actually a solicitor, like your team at Canny Legal, you are going to be in the safest of hands.
In a nutshell, conveyancing generally stars with the owner of a property and the buyer entering into a contract which sets out the terms on which the property is to be sold. At the completion of the process, there is a settlement which entails the title being transferred for the agreed purchase price.
What Conveyancing Services do Canny Legal Offer?
Canny Legal offer a range of conveyancing services, these include:
- Purchase of Residential Property
- Sale of Residential Property
- Property Development
- Property subdivision
- Retail Leases + Tenancies
- Commercial Leases + Tenancies
- Transfer of Lease
- Building Contracts
Within our team, we have a licensed conveyancer who provides advice and important information in regards to the transfer of properties ownership, as well as being there to assist the buyers and sellers through the entire process.
Depending on if you are wanting to sell a property or purchase a property, the conveyancing process will change slightly.
Is it the responsibility of your conveyancer to order all of the required and appropriate documentation that is needed for the settlement process, communicate back and forth with the lenders and banks as well as be able to provide advice and guidance where possible and where needed.
The conveyancing process can be broken down into the following steps…
We Can Help With Your Conveyancing Needs
At Canny Legal, we are able to offer additional advice when you choose to trust our team with your conveyancing. While a smooth conveyancing transaction is always at the forefront of our minds, it’s the things that present themselves afterwards that we want you to be aware of.
We can also provide advice and further guidance on issues throughout the process, including estate planning and any tax implications of buying or selling a property. With our team of accountants on hand, we can go in depth – should you need it, on knowing straight up what your tax implications may or may not be and what sort of stamp duty or capital gains tax could be looking at – all before pressing go!
What is Conveyancing?
Conveyancing is the transfer of ownership of a property from seller to buyer.
Conveyancing involves the preparation, execution, and lodgement of various legal documents to enable a swift and legal safe. Typically, there are three phases: preparation of sale contract, the exchange of contracts and completion.
When Should I Contact a Conveyancer?
There’s no simple answer to this question. It really depends on your role in a property transaction. In most cases, the earlier, the better. Enlisting the services of a conveyancer is an essential part of any property transaction. A good conveyancer will give you valuable advice that could save you money on your property transaction and will help to speed up certain processes of your property transaction.
Do I Need a Conveyancer?
When you are buying or selling a property, you may need to employ a conveyancer. A conveyancer is a licensed profession who knows real estate law and specialises in the legal aspects of buying and selling real property. They can give you advice and information, prepare documents and help you through the entire settlement process.
Do I Need a Conveyancer Before Auction?
Yes, prior to any property auction, you must get a copy of the contract and show it to your conveyancer for review. Your conveyancer can explain to you any possible risks that comes with buying the property you’re eyeing off, and at the same time, give you advice on how you can be protected from them.
Is A Conveyancer A Solicitor?
A conveyancer can be a solicitor, licensed conveyancer or a fellow of the Institute of Legal Executives but they don’t have to be a solicitor. Licensed conveyancers are said to be the specialist property lawyers who focus widely on residential properties and progress transactions on a daily basis. A typical convener would obtain his or her qualifications by completing a two-year conveyancing course, followed by an additional two years of supervised practical experience.
Does The Buyer or Seller Pay Conveyancing Fees?
If the buyer and seller each hire a conveyancer to represent them in the sale of a property, then the conveyancers will deal with each other in the interests of their respective clients. Typically, a buyer or seller will each pay their own conveyancing fees. The standards terms of a contract will usually set this out.