The term conveyancing refers to all the legal and administrative work associated with transferring the ownership of properties (land or edifices) from one person to another. The conveyancing process begins after you have had an offer accepted on a property.
Although it is not a legal requirement to have a property conveyancer to assist with your property transaction, we are there to help you and make the process a lot easier.
The process of buying or selling property can be quite difficult when you factor in the agent, the banks, the other parties involved and all the necessary requirements and possible risks once you sign on the dotted line of the contract of sale.
With the recent changes in law and more transactions now settling electronically, having a conveyancer or legal practitioner to act on your behalf is now more important than ever.
A conveyancer is there to provide advice and act on your behalf to ensure that your interests are taken care of and that all the correct legal paperwork and requirements are provided to finalise your property sale or purchase.
Your conveyancer is there to guide you through the three stages of buying and selling property: before the contract, before completion or settlement and after completion or settlement.
In order to become a conveyancer in Victoria, a diploma or advanced diploma in conveyancing needs to be obtained as well as a minimum of 12 months of full-time experience carrying out conveyancing work under the supervision of an Australian Legal Practitioner.
You must then apply to the Business Licensing Authority for a conveyancing licence.
In order to be a licensed conveyancer a person must be over the age of 18, not currently insolvent under administration (ie bankrupt under part IX or part X of the Bankruptcy Act 1966), a represented person under the Guardianship and Administration Act 1986 or currently disqualified from holding a conveyancer’s license.
The BLA will conduct record checks and verify information in the application before approving it and issuing a conveyancing license. A licensed conveyancer must also be covered by a minimum of $2million professional indemnity insurance.
A licensed conveyancer can work within a law firm, conveyancing firm, bank or other related businesses or they can obtain a license for running their own conveyancing company.
At Argent Law, our property law department is made up of a team of conveyancers and property lawyers who work together tirelessly to provide you with a stress-free experience. Our number one priority is to ensure that you get the most out of your property sale or purchase.
For more information, a quote or to just simply have a chat about your property sale or purchase, please phone our office on (03) 9571 7444.