Whether you are purchasing or selling a commercial property, you will require a professional conveyancer to take care of the legal work involved. This includes performing searches and checks, drafting legal documents such as the Contract of Sale, Section 32 Vendor’s Statement and Transfer of Land forms, and ensuring that all settlement paperwork is completed correctly. Using a specialist for commercial property conveyancing Melbourne will ensure that the process is completed quickly and accurately, eliminating any unnecessary delays.
How long does conveyancing take?
Commercial property conveyancing melbourne is a different field to residential conveyancing and can involve more complex matters such as GST treatment of the transaction. It is important to use a lawyer who understands the nuances of this area of law and can draft contracts well to protect you as the purchaser or advise you as the vendor on special conditions such as these.
Once the contract is prepared, the conveyancer will arrange the settlement date and ensure that all the necessary documentation is exchanged before the due date. The conveyancer will also check to see if there are any outstanding debits against the property that need to be cleared before settlement. This is especially important as any unpaid debt will be transferred to the new owners and could affect their credit rating. By engaging a specialist in commercial property conveyancing melbourne, you can be sure that your contract will settle on time and you’ll receive the funds from the purchaser when it is required to do so.