What does conveyancing mean?
Definitions for conveyancing
kənˈveɪ ən sɪŋcon·veyanc·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word conveyancing.
Princeton's WordNet
conveyance, conveyance of title, conveyancing, conveyingnoun
act of transferring property title from one person to another
Wiktionary
conveyancingnoun
The drawing of deeds etc. concerning transfer of property, and the legal execution of such transfers.
Etymology: From conveyance.
Wikipedia
Conveyancing
In law, conveyancing is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. A typical conveyancing transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (also called settlement, when legal title passes and equitable rights merge with the legal title). The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. It is a legal requirement in all jurisdictions that contracts for the sale of land be in writing. An exchange of contracts involves two copies of a contract of sale being signed, one copy of which is retained by each party. When the parties are together, both would usually sign both copies, one copy of which being retained by each party, sometimes with a formal handing over of a copy from one party to the other. However, it is usually sufficient that only the copy retained by each party be signed by the other party only — hence contracts are "exchanged". This rule enables contracts to be "exchanged" by mail. Both copies of the contract of sale become binding only after each party is in possession of a copy of the contract signed by the other party—i.e., the exchange is said to be "complete". An exchange by electronic means is generally insufficient for an exchange, unless the laws of the jurisdiction expressly validate such signatures. It is the responsibility of the buyer of real property to 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. Some jurisdictions have legislated some protections for the buyer, besides the ability for the buyer to do searches relating to the property. 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. Many jurisdictions have adopted a system of land registration to facilitate conveyancing and encourage reliance on public records and assure purchasers of land that they are taking good title.
ChatGPT
conveyancing
Conveyancing is a legal process involving the transfer of property or real estate ownership from one party to another. It typically consists of two primary stages: the exchange of contracts and the completion of the transfer. The process may also encompasses various tasks such as setting the property boundaries, preparing necessary legal documents, cooperating with mortgage lenders, managing the payment of associated costs and ensuring all legal obligations are met. It must be usually be carried out by a qualified lawyer or a licensed conveyancer.
Webster Dictionary
Conveyancingnoun
the business of a conveyancer; the act or business of drawing deeds, leases, or other writings, for transferring the title to property from one person to another
Wikidata
Conveyancing
In law, conveyancing is the transfer of legal title of property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. The term conveyancing may also be used in the context of the movement of bulk commodities or other products such as water, sewerage, electricity, or gas. A typical conveyancing transaction contains two major landmarks: the exchange of contracts and completion. 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. The systems of public record often have a French background.
Matched Categories
Usage in printed sourcesFrom:
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Numerology
Chaldean Numerology
The numerical value of conveyancing in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of conveyancing in Pythagorean Numerology is: 6
Popularity rank by frequency of use
References
Translations for conveyancing
From our Multilingual Translation Dictionary
- cession des droits immobiliersFrench
Get even more translations for conveyancing »
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"conveyancing." Definitions.net. STANDS4 LLC, 2024. Web. 7 Oct. 2024. <https://www.definitions.net/definition/conveyancing>.
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