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Law Extension Committee Winter 2007 Conveyancing Introduction and Formation of Contract _____________________________________________________________________________ CONVEYANCING LECTURE 14 MAY 2007 Note: Students should read the Chapters in Lang & Skapinker and the cases referred to in the Guide. These notes are NOT a substitute for reading the text and considering the cases. _________________________________________ Introduction Conveyancing “Conveyance” is defined by the The Australian Oxford Dictionary to mean “the transfer of property from one owner to another”. Conveyancing has the corresponding meaning so when we talk about the law of conveyancing we are talking about the laws relating to the transfer of property. This is likely …show more content…

Similarly, many commercial properties are occupied by tenants under either retail leases pursuant to the Retail Leases Act or commercial leases. With commercial property it is often the case that a sale is with the tenant as the lease has not expired and the property is being acquired for investment purposes. The effect of the relevant statutory provisions and how they impact on the vendor and purchaser must be understood and appropriate advice given to the client. Other interests and dealings Other matters that might affect a property and any dealing with it are forestry rights, easements, profits a prendre, water rights, restrictions as to use, positive covenants, sub-leases, unregistered short term leases. This listing is not exhaustive. As we come across these matters, we will deal with them. Titles Land in New South Wales can be: · · · · Old system Real Property Act (Torrens) Strata title Community title _____________________________________________________________________________ © James Helman 2007 Page 3 of 28 Law Extension Committee Winter 2007 Conveyancing Introduction and Formation of Contract _____________________________________________________________________________ · · · · Qualified Torrens title Limited Torrens title Qualified and Limited Torrens title Crown Lands title While the majority of land is Torrens land an increasing percentage is under the provisions of either Strata titles or

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