If you buy, sell or mortgage a home, you’ll need someone to handle the conveyancing.
Conveyancing is the technical term for the process which is done by a Notary or Lawyer to transfer legal title to a property that has been sold to a new owner. It may also involve transfers of title where no money is changing hands. It is also used to describe the paperwork which must be done in order to grant your lender a mortgage over the title to your property as security for monies borrowed or to put a line of credit in place for future borrowing. It can involve the transfer and/or mortgage of real property (both residential and commercial), personal property, leases or subleases, the assets of a business and manufactured homes.
In BC we are fortunate to have a Torrens system of land title registration. This system provides indefeasible (a fancy term which means “immune from attack”) title to Buyers who have, in good faith, paid market value for their property. This system allows your Notary to verify that the Seller of a particular property is in fact the rightful owner. The old maxim “You can’t sell what you don’t own” is guaranteed by this system.
So why do you need a Notary when you are buying, selling or mortgaging?
As a Buyer, the role of your Notary is to ensure that valid title, free of any of the Seller’s mortgages or liens, passes to you upon payment of the purchase price to the Seller. As a Seller, your Notary will ensure that you will receive the sale proceeds in exchange for the transfer of title to the Buyer. A Notary can eliminate the stress and confusion that may arise during a purchase, sale or mortgage transaction. Our goal is to smoothly navigate you through the process, giving you peace of mind that everything will be completed correctly, and on time.
Need assistance? I have expertise in the following areas…
- Residential and Commercial Real Estate Transfers
- Mortgage Refinancing Documentation
- Business Purchase/Sale
- Commercial Leases & Assignment of Leases
- Contracts and Agreements
- Easements and Rights of Way
- Manufactured Home Transfers
- Personal Property Security Agreements
- Purchaser’s Side of Foreclosures
- Restrictive Covenants and Builder’s Liens
- Subdivisions and Statutory Building Schemes