Any kind of deal in property is a matter of deep investigation because it involves a huge investment. There are several documental formalities that are very complicated to understand for a common person. That is why professional property lawyers are available to help in simplifying all issues. Before hiring an expert, it is also important to gain some knowledge on your own. Here are some facts that will surely help you in fast and easy property conveyance without involving risk of loss.
Checking of general matters
There is not a specific process of checking general matters because they vary from each other. Still, some of them are very common such as:-
1) Resolution of all outstanding queries.
2) Payment of deposit including its mode.
3) Amount required to be paid during contract exchange.
4) Clearance of deposited fund.
5) Agreement on fixture and fittings between both parties.
6) Preparation of final contract papers.
7) All terms and conditions regarding conveyance.
8) Availability of sufficient money for all transactions.
Deposit amount of conveyance
This involves some amounts deposits at different stages of conveyance which are mentioned below:-
1) Before the exchanging of contract, sometimes preliminary deposit is paid to seller to ensure the positive intentions of buying.
2) A certain percentage of deposit money is also paid if it is clearly mentioned in contract.
3) As a seller, you can also inquire about the source of deposit amount and make a demand of specific percentage which is generally 10%.
Important signatures
During the process of property conveyancing in Melbourne, many signatures are required for different documents seller and buyer. First of all, the client’s signatures are required for finalizing the contract. On the behalf of client, the solicitor also signs the documents to take liability for clear documentation.
As a resident of Melbourne, if you are searching for a suitable solicitor for conveyance, the Property & Business Lawyers firm is a great option.
PB Lawyers 