Conveyancing Resource Centre
Why is conveyancing important?
Conveyancing is important for many reasons.
The main purpose or function is to provide legal and regulatory advice in a way that you can understand during the property transaction. Navigating the field of conveyancing is often complex, and there is significant paperwork that must be completed correctly (transfers, concession forms, letters and otherwise) to ensure your interests are protected. This is precisely why it is essential prior to entering into a contract to ensure you obtain the right advice, and the contract is fair.
During the conveyancing process, there are many obligations on the parties which the common person simply doesn’t realise. This can include the obligation on the seller to disclose encumbrances or otherwise face significant risk of termination or even a large claim for compensation. Other important obligations can include how or when to give notice, how to manage critical dates and otherwise.
Generally, conveyancing is important because it is the process by which property is transferred from one person or entity to another, whilst balancing complexities and obligations pursuant to contract, common law (case law) and legislation.
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