The Conveyancing
Process
The main purpose of the conveyancing process
is to transfer the title of the property and any improvements
from one owner to another. In the majority of cases
this involves a seller (vendor) and a buyer (purchaser).
There are examples where this is not the case, such
as complying with the terms of a will. Usually the conveyancing
process is transacted by way of a contract between the
parties although there are occasions where this is not
used.
There are a number of different property
types which are generally classified by their use including:
• Residential
• Commercial
• Industrial
• Strata
• Rural
• Vacant Land
In NSW the vast majority of real estate
is held under Torrens Title in which a Certificate of
Title is issued in the name of the owner. However some
land is still held under an Old System Title and not
yet converted to Torrens Title. Each conveyancing transaction
is unique and requires the skills and knowledge of a
specialist such as Conveyancing Services.
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