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How long does the conveyance process take?

By: Maksiv Konta

A typical residential conveyance, takes on average approximately 6-8 weeks. However, a commercial conveyance (for example the letting of commercial premises) could take longer or less time depending on the particular facts of case.

There are a number of factors that affect how long a conveyancing process takes, in both a residential and commercial context.

Cooperation between the buyer and seller
Conveyancing requires cooperation and constant contact between the buyer and seller. For example, the conveyancing solicitor for the seller will have to prepare the draft contract in a residential conveyance. This along with other documents (known as the ‘pre-contract package’) will be submitted to the conveyancing solicitor for the buyer to approve or amend if necessary.

If either party unreasonably delays in completing their respective tasks than this is inevitably going to delay the whole process. If you take legal advice and instruct a conveyancing solicitor, the chances for such delays are minimised as the solicitor is likely be experienced and familiar with the whole process.

Legal complexities
There could be legal issues that until resolved, place a delay on the conveyancing process. For example, there could be restrictive covenants that burden the land. An example could be a covenant which prevents the land from being used for commercial purposes. Another legal problem could be that there are outstanding boundary disputes over the land.

Such issues can be quite complex and difficult to resolve. It is therefore strongly advisable to instruct a conveyancing solicitor to assist with any type of conveyance. Not only will they be able to identify such issues (because they may not be apparent to the layman) but they will also be able to advise on how best to resolve these problems.

Conveyance part of ‘chain’
If the seller of a property is also buying another property and wants the two transactions to be synchronised (i.e. complete on the same day) than this could cause a delay to the whole process. When selling and buying another property it is advisable to instruct the same conveyancing solicitor on both the sale and purchase.

Article Source: http://casinoarticles.us

If you would like to know more about conveyancing, conveyancing solicitors or solicitors for conveyancing please visit ContactLaw.co.uk

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