Property conveyancing services is a legal transfer of a property title from one person to another person. There are several reasons you may need to hire a conveyancing professional to take care of your current needs. These different situations will be examined.
Property conveyancing – Transferring property
There are times when you or someone you know such as a parent, grandparent, or other loved one owns property that they wish to gift to you or you wish to gift to another person. For situations like this it is necessary to ensure the title is properly transferred to show the new ownership. If the title is left without a proper transfer as well as proper, legal property conveyance this can cause issues later on.
For example, you may be fine owning the property during the rest of your life, but you are now ready to leave it in your will to a family member. If you did not properly receive the title then the land is technically not yours to leave. Your other family members could create an issue with the estate. Even if they do not have a problem with the transfer the estate could be left in probate for a few months or even years while the court decides if the will should be adhered to or if the property should go to someone else.
In terms of buying and selling property, it is necessary to conduct legal property conveyancing to ensure you have the title transfer complete. Again issues of true ownership can be called into question in a year, several years, or in your beneficiaries’ lifetime if the title is not properly transferred. Anytime you purchase a new property or you sell your property it is important for you to pay for legal property convincing.
The fact is you do not want to let anyone in your family suffer because of improper conveyancing. There is a reason there are professionals on hand to help you when it comes to your needs. The fees are just a cost of selling, buying, or transferring property. They should not be looked at or feared. If you choose the right lawyer to help with your property convincing needs then you can be assured that you are paying competitive market rates. For this reason, this blog was created to help you understand property conveyance, issues that can occur as well as help you trust in one company for your property needs.
Hire Professionals Property Conveyancer from Four Points
Four Points Conveyancing will carefully review any Contract of Sale and Form 1s documents presented to its office to ensure that the transaction is conducted smoothly and with minimal disruption to any existing or prospective leasehold interests to the property concerned.
The main area of concern with respect to Commercial properties is the GST implication of the transaction on either the Vendor or the Purchaser to the transaction. In the ever changing area of GST Law one transaction to the other may be treated differently depending on the result of continual tax rulings that are being made by the Australian Taxation office fro time to time.
Generally, Four Points Conveyancing will not give a Vendor or Purchaser specific advice with respect to GST. Four Points Conveyancing will point out any issue that requires clarification and request that the client obtains written advice from their Accountant who in turn, depending on the complexity of the matter, may need to obtain an independent ruling from the Australian Taxation Office with respect to the issue that arises from the transaction. This ensures that clarity is given to the transaction prior to settlement avoiding complex taxation questions post settlement.