Conveyancing, for the uninitiated, is the branch of law concerned with the organisation and preparation of property documents, such as land titles, involving the legal transfer of property.
A property lawyer from Rainey Collins Lawyers in Wellington specialises in assisting clients with the purchasing and selling of property, whether for residential purposes or investment reasons. They discuss how it is significant for real estate lawyers to participate in the early stages of a transaction. Reviewing the Agreements for Sale and Purchase before transactions can contribute to reaching a wiser decision.
The Lawyers and Conveyancers Act of 2006
In New Zealand, there is the Lawyers and Conveyancers Act of 2006. The Act exists for the following reasons:
- To maintain public confidence in the provision of legal services and conveyancing services
- To protect the consumers of legal services and conveyancing services
- To recognise the status of the legal profession and to establish the new profession of Conveyancing Practitioner
Along with the aforementioned purposes, and also available in Part 1, the Act’s preliminary provisions enable the following:
- Reform the law relating to lawyers
- Provide for a more responsive regulatory regime in relation to lawyers and conveyancers
- Enable lawyers and practitioners to execute conveyancing
- State the fundamental obligations all lawyers and conveyancing practitioners must comply with in providing regulated services
- Repeal the Law Practitioners Act 1982
The transaction involved in the purchasing or selling of a property can be complex. It will cost you less to do conveyancing on your own, as opposed to seeking assistance from a professional, but it will take you longer to finish the process due to the terminology and procedures it entails.
The Lawyers and Conveyancers Act of 2006 sets the standards for lawyers to follow. Through this, you can ensure the legality of property transactions, such as sales and purchases.