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What Is in a Conveyancing Contract Pack

When it comes to buying or selling a property, there are a lot of legal documents that need to be dealt with, including the conveyancing contract pack. This pack contains several essential documents that outline the terms and conditions of the property transaction.

Before proceeding with the transaction, both the seller and the buyer need to review and accept the contents of the conveyancing contract pack. This includes ensuring that all the necessary documents are present and accurate. Here are some of the essential documents that are typically included in a conveyancing contract pack:

1. Contract of Sale or Purchase Agreement

The contract of sale or purchase agreement is the most crucial document in the conveyancing contract pack. It outlines the terms and conditions of the sale and purchase of the property. This includes the sale price, any special conditions, the settlement date, and the deposit amount.

2. Certificate of Title

The certificate of title is a legal document that proves the ownership of the property. It contains information about the property, such as the legal description, any encumbrances, and any restrictions or easements affecting the property.

3. Planning and Building Certificates

Planning and building certificates provide information about the property`s compliance with local council regulations and zoning laws. These certificates will confirm the property`s planning and building permits, ensuring that any construction work has been carried out correctly.

4. Land Tax Clearance Certificate

A land tax clearance certificate is an official confirmation that all land taxes due on the property have been paid up to the current date.

5. Mortgage Discharge

If the property is being sold with an existing mortgage, the seller must provide a mortgage discharge document. This document confirms that the mortgage has been fully paid off and is no longer in effect.

6. Special Conditions

Special conditions can be added to the contract of sale to accommodate any unusual circumstances or requirements from either the buyer or the seller. For example, a special condition may be added if the property is being sold subject to finance.

In conclusion, a conveyancing contract pack is an essential part of any property transaction. It contains all the necessary legal documents that must be reviewed and accepted before the sale can be completed. It is essential to engage a professional conveyancer or lawyer to assist you in reviewing and understanding the contents of the contract pack. By doing this, you can ensure that the sale or purchase of your property goes smoothly and with minimal stress.