Property conveyancing is defined simply as the actual transfer of title or ownership of a particular property from one party to another. In simple terms, property conveyancing includes two main parts, which include the conveyancing of contracts and legal establishment. In addition to these two main parts, property conveyancing also includes title insurance and related post-closing processes. Essentially, conveyancing involves the formal exchange of deeds, contracts, and other legal documents in order to exchange property titles and transfer ownership. In the United Kingdom, this is referred to as “joint ownership” and in the United States as “equity of property ownership”.
Why Need Property Conveyancing?
Many times, it’s not clear what type of documentation and paperwork is needed to complete property conveyancing. The real estate agent can often make this process easier for clients by providing them with helpful information regarding the paperwork involved in property conveyancing. They may even be able to suggest a good conveyancer in your area. Whether you decide to use an agent or hire a conveyancer on your own, remember to keep in mind certain important pieces of information so that you can make sure everything is done the right way.
For example, it’s important to note that solicitors are not allowed to give legal advice to their clients in any way. While solicitors have the ability to look up different laws, they are not allowed to make decisions on their client’s behalf. While they can help their clients draft important documents, they cannot make specific decisions on whether or not to purchase a home or whether or not to construct a building. This is not intended to be a criticism of solicitors, however. Most solicitors are honest, hard-working individuals who just want to get the job done right and do what’s best for their clients.