What is the difference between a Conveyancer and a Conveyancing Lawyer?January 14th, 2020
|Has obtained an Advanced Diploma/ Diploma of Conveyancing||Has completed tertiary study to obtain a Bachelor of Law|
|Has completed a minimum of 12 months supervised practice under a licensed conveyancer/ lawyer.||Has a vast understanding of the law and how property transactions relate to other areas of law|
|A conveyancer can only engage in conveyancing work as defined by||May be able to provide greater assistance when transactions become more complex or litigious|
|Unable to provide specific advice and would need to refer clients to a solicitor should the transaction become complex or litigious.||Able to provide advice in relation to the transaction|
Transfer of Land: The process of changing the ownership details on a Title (deed) to a parcel of land.
Volume and Folio: Volume and folios are unique identifiers used in the numbering system that identifies individual land titles.
Encumbrance: An encumbrance is an interest in a piece of land by someone other than the registered owner. Encumbrances place limitations on a property. Examples include mortgages, easements, leases and restrictive covenants.
Easement: Easements are a right held by someone to use land belonging to someone else for a specific purpose. Common examples of easements are drainage, sewerage and carriageway easements
Caveat: A legal document that individuals with a legal interest in a property can lodge to notify future prospective purchasers and third parties of their legal interest in a parcel of land.
Adverse possession: Adverse possession is a legal rule that enables the occupier of a piece of land to obtain ownership of it, provided they can prove uninterrupted and exclusive possession of the land for at least 15 years.