transfer

Conveyancing refers to the laws that govern the transfer legal title or ownership of property. This is usually carried out by a vendor and a purchaser entering into a contract for sale, which sets out all the terms of the agreement in writing. However, there are other occasions where a contract is not used, such as property transfers between family and friend due to different circumstances. For example,

• Property transfer due to a broken marriage as part of the divorce settlement.
• Ownership of the property might be transferred to a company for taxation purposes.
• An individual property owner might request a change of property ownership as a means of minimizing business risk.
• If a property is joint owned and one of the owners has passed away, necessitating a property title transfer.
• Transferring property to family, such as parents choosing to gift their property to their child or children.
• A property is left to an individual in a will, known as deceased estate transfer of property

 

 

A licensed conveyancer can navigate you through the paperwork and legal documentation, such as the transfer of land document. They can also handle any stamp duty related issues should they arise. A simple house title transfer often incurs reduced conveyancing fees.

 

 

Contract us to discuss your questions on property transfer.