Conveyancing is a term that is intimately connected with real estate transactions as it involves the preparation of documents required for the transfer of property between two parties. A conveyancer deals with the specific written instruments, such as a deed or lease, that actually transfers legal title of a property from the seller to the buyer. Essentially, conveyancing is what makes any real estate transaction legitimate.
Other conveyancing tasks required in order for a real estate transaction to close include:
- Performing title searches and researching details about the property, such as confirming who the legal owner is, determining if there are any writs or liens, reviewing surveys for proper boundaries or easements, and securing title abstracts for a complete historical summary of the property;
- Working with the Land Registry to secure and submit required documents and title deeds;
- Raising questions about any possible structural issues; and,
- Registering, transferring, or discharging mortgages
Due to the focused and specific duties of conveyancing, most law firms in Ontario that deal with high volumes of real estate transactions call upon the services of clerks who specialize in this area. This is the best and most efficient way to navigate through all required steps and clearly communicate with government departments on behalf of clients.