Internal Publication: Conveyancing- The Conveyancing Process

 

 

AGREEMENT FINALISED BY AGENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
BOND REGISTRATION PROCESS

 

TRANSFER PROCESS

 

BOND CANCELLATION PROCESS

 

  

 

 

 

 

 

Bond approved by Bank

 

TRANSFERRING CONVEYANCER

 

 

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BOND REGISTRATION CONVEYANCER

 

                 Initial Steps:

  1. Request cancellation figures and release of title deed from bond holder
  2. Obtain levy / rates clearance figures
  3. Obtain supporting documentation from Seller and Purchaser

 

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 Bond Holder– receives request:

  1. Calculates amount outstanding on Seller’s bond
  2. Issues cancellation figures and title deed to bond cancellation conveyancer

 

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                Initial Steps:

  1. Request copy of draft titled deed and guarantee requirements from Transferring Conveyancer

 

 

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Rates / Levy clearance figures received – obtain cover from parties

BOND CANCELLATION CONVEYANCER

 

 

 

 

 

 

 

 

 

Receive copy of title deed and cancellation figures from Bond Cancellation Conveyancers –

draw transfer documents

 

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                 Initial Steps:

  1. Forward copy of title deed and cancellation figures to Transferring Conveyancer – will need guarantee for amount required to cancel bond

 

 

 

 

 

 

 

Receive guarantee requirements and copy of draft deed

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Provide Bond Registration Conveyancers with guarantee requirements and copy of draft title deed

 

 

 

 

 

 

 

Prepare guarantees and bond registration documents

 

SUBSEQUENT STEPS

  1. Purchaser and Seller to sign transfer documents
  2. Purchaser to pay transfer costs
  3. Obtain transfer duty clearance
  4. Obtain rates / levy clearance certificate

 

 

 

 

 

 

Purchaser signs and pay bond registration costs

 

 

 

 

 

 

 

 

 

 

Forward guarantees to Transferring Conveyancer

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Receipt of guarantees – forward to Bond Cancellation Conveyancers

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Receive cancellation guarantee

 

 

 

 

 

 

 

 

Ready to lodge

 

Ready to lodge

 

Ready to lodge

 

◄     ARRANGE SIMULTANEOUS LODGMENT IN DEEDS OFFICE    ►

 

 

 

 

 

 

 

DEEDS OFFICE

 

 

 

 
  1. Examination of Deeds
  2. Transactions on “prep”
  3. Registration of transactions

 

 

 
 
                   

  

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