The act of transferring any legal property possession from one person to another. It means that someone is conveying the ownership of the property to another. It shows that the property is free from any kind of restraints. Langwarrin conveyancing is done through authorized documents in which the date of transferring the property, signs of both of the parties, the actual price in which that property is sold, and rules and regulations and responsibilities for both of the parties are mentioned. It is important to assure from the seller that property is free from any kind of hindrance. If any kind of loan was taken on the basis of that property it should be clear before selling or transferring that. The actual date of transferring the possession should be mentioned in the document. The original documents of the property should be register and the document should be witnessed by at least two person.
The conveyancing has five kinds:
Voluntary conveying lawyer:
It is a kind of optional and selective transfer of the property from one entity to another without any kind of deliberations. It also demands recompense in the case of return for the property. Without it, it is expected from the transferor to notify the transfer reasons for the transfer. It has three categories. Firstly, land owned by the public is transferred to an individual. A private land transferred to an individual. And a private or personally held land is transferred to the government.
Involuntary conveying lawyer:
In this type of conveying lawyer, the property is transferred with the agreement of the owner. It is done in some cases when the owner is careless and neglect to pay the taxes and in another case when the owner of the property dies without any direct owner. In these type of case the state take control over the property.
Transfer by willconveying lawyer:
A person’s property can be divided into two categories. Fixed and moveable property. Fixed property include the possession that we cannot move from one place to another like ponds, canal, buildings, house, and plots these are also known as real property. And the moveable property is like bank accounts, furniture, clothing and accessories. All kind of property could be given by will some are through documents and other is by making new accounts such as bank accounts.
Transfer by law of successionconveying lawyer:
It tells about the property which is left by a dead person. The inheritance of any possession left by a person. In this condition the state look at who should inherit when a person died without showing a will. It is stated that in this situation the property or any kind of possession will go to the spouse. In case if the person has no spouse it will go to the successor’s parents.
Transfer by Accessionconveying lawyer:
It means that accruing property by making an addition to its value through trade or any kind of labour or work. If a person add something to the material and unable to pay its tax at time that thing will become the part of that material.