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Buying and Selling Residential and Commercial Property

LFCS LEGAL | Trusted Legal Services > Buying and Selling Residential and Commercial Property

Buying and Selling Residential and Commercial Property

Overview

Conveyancing refers to the legal process of transferring property ownership from one party to another, whether for residential or commercial properties. This process ensures that the transaction is legally binding and protects the rights of both the buyer and the seller.

Anyone buying or selling a property—whether residential or commercial—requires conveyancing services to complete the legal transfer of ownership.

Conveyancing can take several weeks to months, depending on the complexity of the transaction, whether it is freehold or leasehold, and any issues that arise during the process.

Lawyers assist buyers and sellers by drafting and reviewing contracts, conducting property searches, and ensuring that any encumbrances, such as mortgages or liens, are resolved before the sale is completed. For buyers, legal professionals conduct due diligence to verify the property’s title, ensure compliance with local planning regulations, and handle the exchange of contracts and final transfer. For sellers, lawyers prepare the necessary legal documents to transfer ownership, including the sale contract and transfer deed. Legal professionals also advise on tax implications, such as stamp duty, and ensure that the transaction complies with all regulatory requirements.

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