Here’s Airlaw’s overview of legal services for conveyancing of property in Australia:
1.Contract Preparation & Review
– Drafting or reviewing contracts of sale, ensuring terms comply with legal requirements and protect the client’s interests.
2. Title Search & Verification
– Conducting searches to verify the property’s legal ownership, ensuring there are no issues like encumbrances or restrictions.
3. Property Due Diligence
– Investigating the property’s legal status, including zoning, planning restrictions, and any outstanding rates or taxes.
4. Transfer of Ownership
– Handling the legal paperwork for transferring the property title to the buyer’s name, including lodging necessary documents with the relevant authorities.
5. Contract Negotiations
– Assisting in negotiating key terms such as payments, settlement dates, and special conditions to ensure fair outcomes.
6. Stamp Duty & Tax Advice
– Providing guidance on stamp duty obligations and any other taxes associated with the property purchase or sale.
7. Legal Compliance & Disclosure
– Ensuring compliance with legal requirements, such as property disclosure statements and warranties under the law.
8. Settlement Preparation
– Managing the settlement process, including calculating adjustments for rates and taxes, and ensuring smooth transfer of funds.
9. Dispute Resolution
– Addressing any legal disputes or issues that arise during the conveyancing process, such as breaches of contract or disputes over property boundaries.
10. Strata & Community Title Review
– If applicable, reviewing strata agreements or community title details, ensuring the buyer understands their rights and obligations.
11. First Home Buyer Assistance
– Offering specialised services for first home buyers, including explaining grants and incentives they may be eligible for.
These services ensure that property transactions are legally sound, protecting buyers and sellers from potential risks.