What exactly
does a settlement agent do?
Briefly a settlement agent, or conveyancer, is required to prepare
and check legal documentation and to complete various searches on
a property.
Searches are made at various Government Departments including -
- DLI (Department of Land Information)
- Local Council
- Water Corporation
- Land Tax Department
- WA Planning Commission
- Strata Company if applicable
This is to ensure the property is as stated in the Contract and
that you are advised of any encumbrances or covenants relevant to
the land. We also check the current rates, taxes and levies on the
property and ensure there are no unpaid accounts due.
A conveyancer will make the necessary adjustments for any rates
paid or unpaid on the property and account to the client for moneys
required or expected at settlement.
She will also-
- Prepare and/or check the formal Deed (Transfer of Land) that
will transfer the land from seller to purchaser
- Advise her client if she is made aware of any problems that
may delay settlement
- Liaise with banks and other parties to arrange the settlement
date and time
- Attend the settlement, make final checks of documents prior
to handing over money and/or the Certificate of Title
- Follow up after settlement to ensure the deal is finalised
at DLI
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