Conveyancing is
the legal process of transfer of title of property from one person
to another. A typical conveyancing transaction contains two major
landmarks: the exchange of contracts (whereby equitable title passes)
and completion (whereby legal title passes). Conveyancing occurs in
three stages: before contract, before completion and after completion.
A buyer of real property must ensure that he or she obtains a good
and marketable 'title' to the land; i.e., that the seller is the owner,
has the right to sell the property, and there is no factor which would
impede a mortgage or re-sale. A system of conveyancing is usually
designed to ensure that the buyer secures title to the land together
with all the rights that run with the land, and is notified of any
restrictions in advance of purchase. In most mature jurisdictions,
conveyancing is facilitated by a system of land registration which
is designed to encourage reliance on public records and assure purchasers
of land that they are taking good title
Solictors
/ Conveyancing Providers in Portsmouth, Hants.
