In law, conveyancer is the assigning of an oral or written contract of land ownership between two parties, the first party to be defined as the seller, and the second party to be defined as the buyer. In essence, this is a transaction that is meant to terminate or grant to one party the legal right to occupy or use a certain property. Conveyancing is actually a legal process wherein two parties are defined as separate entities that enter into a legally binding contract. Once these two parties enter into a legally binding contract, they then determine other details regarding the property, such as who will pay for the cost of improvements on the property and how much the property will be used. To further complicate matters, some states also define conveyancer as personal representatives appointed by a court to carry out certain tasks regarding real estate transactions. These responsibilities may include giving legal notice to a party who has entered into a real estate contract, inspecting the property, and making sure that all the conditions agreed upon are met.
What Is a Conveyancer?
A conveyancer’s job is to make sure that the transaction goes smoothly and that the two people involved in the transaction have all their legal rights fulfilled. For instance, a pre-buyout survey is a necessary step in selling any property because it gives the seller an accurate idea of the price of the house that he is selling before anybody even looks at it. Another important duty of a conveyancer is to check if there are any legal disputes between the buyer and seller prior to the closing of the deal, and then resolve any discrepancies before the closing date.
The responsibilities of a conveyancer aren’t limited to just the aforementioned duties though. Sometimes, a solicitor or an agent may need to be hired to help complete the purchase or ownership agreement. A conveyancer cannot legally terminate a seller-buyer relationship without the consent of both parties, as laid down in the Sale and Purchase Act of Victoria.