The roles of a conveyancing lawyer
If you are planning to invest in the real estate business, it is advisable to hire a good conveyancing lawyer. The real estate business is very lucrative and there are many cons looking to make money of unaware investors. A conveyancing lawyer is the professional who steps in before you make any transaction ensure that the land titles and property ownership details are all correct. The conveyancing lawyer will help you with the following:
Legal Advice
Even if you are not planning to hire a conveyancing lawyer, it is advisable to consult with one, just to look over your documents and details before you make the final decision. These attorneys have a wealth of legal knowledge coupled with experience so they can advise you one the various aspects of the deal that you need to be aware of. They can give you useful pointers that will help you avoid fraudsters and money laundering deals.
Researching the title details and land registry details
In order to ensure that the deal is genuine, the conveyancer validates all the land registry and title details. This may involve some research into the background of the property in order to determine if there are any pending disputes over the same property. Such disputes, if undetected early enough, can potentially void the deal and lead to huge losses for the buyer. There should be total transparency in the transaction.
Draft the contract and terms of engagement
Based on information collected in the research into the background of the property, the conveyancer can the adequately come up with the terms of engagement and sales contract. During all these procedures, the conveyancing lawyer maintains constant contact with you as the client so you are aware of all the decisions they make on your behalf in the deal. They will draft the legal documents, exchange contracts with the other party, and complete the transaction on your behalf.
Obtaining legal documents and paying taxes
This is where the role of the attorney is most crucial. Most of these documents are difficult to obtain individually. Many of these procedures are unfamiliar to the average person such as getting a landlords agreement to sell a property on leasehold. They help you deal with matters such as changing mortgages, preparing and transferring mortgage deeds and paying taxes. Once the deal is sealed, the conveyance will then register you with the land registry as the new owner of the property.
For more information, check out companies such as Convenient Conveyancing.