From 1 July 2019, all standard conveyancing transactions must
be lodged electronically, as mandated by the NSW Government. This will see an
end to paper Certificates of Title and the evolution of all Land Titles in NSW
to eCertificates of Title.
there are numerous benefits afforded by eConveyancing for both buyers and
utilises electronic signatures, does away with hard copy certificates of title
and requires the electronic transfer of funds. This means you can complete the
transaction from the comfort of your home, and without having to print a piece
purchaser, you become registered on title as the owner of the property
immediately on settlement.
As a seller
the proceeds of sale hit your bank account within an hour of settlement of the
valued client who lives and works in Malaysia sold his Merewether unit without
the need to return to Australia, or even print a piece of paper!
Under the mandate, the following standard conveyancing
documents must be lodged electronically – Transfers, Mortgages, Discharges of Mortgage,
Caveats, Withdrawals of Caveat and Transmission applications.
We believe at Turnbull Hill Lawyers we are at the forefront
of conveyancing. We were early adopters
of electronic conveyances. We have
prepared many electronic Contracts of Sale, exchanged contracts electronically
utilising electronic signatures and have completed over 400 electronic settlements.
We will continue to embrace eConveyancing utilising its many
benefits to provide you with the best conveyancing experience possible!