1. PROPERTY IN QUEENSLAND HAS TO GO THROUGH THE PROCESS OF CONVEYANCE TO ESTABLISH OWNERSHIP

2. There is no legislation in Australia that governs property transactions for all states. Each state, Queensland included, has passed its own laws, which govern how stamp duties are levied and paid, the responsibilities of builders. More info on: http://www.legalelements.com.au/ 3. You will find a lot of similarities in these laws, but if you are into property in Queensland, whether for your own use or as investment, make sure that you get the proper legal advice for the rules you are required to follow. More info on: http://www.legalelements.com.au/ 4. In Queensland, you are not likely to come across lease hold property, and in the majority of cases, the purchaser gets complete ownership of a property in the form that is known as Torrens Title. So there will never be a need to transfer back any property. More info on: http://www.legalelements.com.au/ 5. In cases where properties are mortgaged, ownership papers are held by the financiers, but once the loan amount is cleared in full, the papers are returned and full ownership vests with the purchaser. There is however a restriction that rights to mineral deposits found on or under any property, belong to the state of Queensland. More info on: http://www.legalelements.com.au/ 6. Conveyance of a property refers to all the administrative and legal work that comes with the need for transferring a property from one owner to another. It is legal document or deed, which transfers the property being conveyance, from the seller to the buyer. More info on: http://www.legalelements.com.au/ 7. You will need of property conveyance in Queensland when you want to sell a property, when you upgrade your home or reduce its size, when you want to buy a home, or when you are looking to own property as an investment. More info on: http://www.legalelements.com.au/ 8. In Queensland, there are separate contracts; one for land and its improvement and the other that covers the construction on it. You may find other states in Australia that allow these contracts to be made as one, so if you have shifted to Queensland from another state, you will find this intriguing, but necessary. More info on: http://www.legalelements.com.au/ 9. Every purchase of property goes through a number of phases. Initially you require selecting the property to make sure that it is what you are looking for. Then of course, you will have to negotiate the price and discuss any conditions the seller may have. More info on: http://www.legalelements.com.au/ 10. In most of Australia, it is solicitors who carry out the final stage of property convenyancing. You can also do it on your own as long as you are sure you can manage all the legal hassles that such work involves. More info on: http://www.legalelements.com.au/ 11. Conveyance of a property requires preparation of contracts of the sale including any certificates that are necessary. These contracts must be acceptable to the buyer and seller. Part of the duties that solicitors entrusted with conveyancing a property do fulfill, is any required discussions or negotiations with purchasers. More info on: http://www.legalelements.com.au/ 12. A solicitor must ensure that the contract is properly explained to clients, and any amendments incorporated after due negotiation. Title to the property has to be carefully examined and validated. Contracts are then exchanged between sellers and buyers before they are inked. More info on: http://www.legalelements.com.au/ 13. Once a property has gone through the process of conveyance, the new owner has complete legal title to it, and this is something that becomes marketable. This is the stage where property investors use conveyance deeds to leverage any required finance or loans for them to extend their business. More info on: http://www.legalelements.com.au/ 14. You must always pay a lot of attention to these matters and give them the required time and attention, as this can make all the difference to having the legal rights over a property. More info on: http://www.legalelements.com.au/