Conveyancing is the term used to describe the legal work required to transfer the ownership of real estate from one person or entity to another.
As discussed in previous updates, a contract for sale and purchase is a legally binding document and (in general) you cannot simply change your mind once a contract is signed unless there are special conditions. It is advisable to consult with your property lawyer prior to signing the agreement however it should be noted that on the fall of the hammer at a property auction the agreement becomes an unconditional legal agreement.
Approaching your experienced lawyer and conveyancer for legal advice before signing any documentation is the best way to ensure that your interests are protected. Please see our lawyer’s article on the conveyancing and property transfer process for some general property transfer and conveyancing information.
For more focused information and to contact our Auckland law firm team for a no obligation discussion please call Quay Law on Ph (09) 5232408.