The Conveyancing Process

BOND REGISTRATION

Bond approved by Bank

BOND REGISTRATION CONVEYANCER

Initial Steps:

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

Receive guarantee requirements and copy of draft deed

Prepare guarantees and bond registration documents

Purchaser signs – and pay bond registration costs

Forward guarantees to Transferring Conveyancer

Ready to lodge

TRANSFER PROCESS

TRANSFERRING 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

Rates / Levy clearance figures received – obtain cover from parties

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

Draw transfer documents.

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

SUBSEQUENT STEPS:

1. Purchaser and Seller sign transfer documents.

2. Puchaser to pay transfer costs

3. Obtain transfer duty clearance.

4. Obtain rates / levy clearance certificates 

Receipt of guarantees – forward to Bond Cancellation Conveyancers

Ready to lodge

BOND CANCELLATION

Bond Holder 

Receives request

1. Calculates amount outstanding on Seller’s bond.

2. Issues cancellation figures and title deed to bond cancellation conveyancer

BOND CANCELLATION CONVEYANCER

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

Receive cancellation guarantee

Ready to lodge