What does Conveyancing mean?

Pertaining to the legal aspect, conveyancing is the practice by which titles, deeds, proprietorships, leaseholds are shifted from the rightful owner to another person who will eventually become the rightful owner. Many times conveyancing involves a certain degree of difficulty, as the completion of the documents and of the process in itself may take up to even several months, especially when we are talking about leasehold goods. Taking over leasehold is always much more difficult and elaborate than dealing with a freehold is.

A leasehold always constraints the owner (who, by the way up until the last payment is not the rightful/title holder of the item/property) to certain obligations and duties, therefore utmost attention is needed when you are about to take over a leasehold. It is important to know that up until the actual exchange of contracts takes place, any contract is not legally binding. Among other important steps in a conveyancing process one should mention the investigation phase, the assessment of draft contracts and the completion phase which occurs after the actual exchange of contracts between the involved parties takes place.