The nuts and bolts of conveyancing

0d0c19531d6e29f793ed165732978408_XLThe vendor’s solicitor is responsible for drawing up the contract.

Both the vendor’s and buyer’s solicitors are responsible for making sure that the contract is fair and reasonable for both sides.

The vendor’s solicitor will normally be involved in the conveyancing only to the extent of making certain documents available to the buyer’s solicitor.

Conveyancing is basically the business of transferring the legal ownership of the property from one person to another.

It involves land title searches to ensure that the vendor is the legal owner, and searches to determine whether any other bodies have an interest in the property.

For instance, the Roads and Traffic Authority has an interest in the property (perhaps for a road widening scheme) or whether any other authorities (power, water, sewerage and the rest) might be involved.