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Basic Conveyancing Rules for Mineral Deeds and Assignments of Oil Form

Basic Conveyancing Rules for Mineral Deeds and Assignments of Oil Form

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during the course of the conveyancing transaction there's lots of legal terminology that can often be confusing this is just a short video to explain some of the wording the clc the clc stands for the council of licensed conveyancers this is our regulatory body conveyancing conveyancing is the process of transferring the legal title of a property or piece of land from a seller to a buyer licensed conveyancers licensed conveyances are specialist property lawyers exchanger contracts this is the point that both buyer and seller are legally bound to buy or sell completion completion is the date that the property legally becomes the buyers and is released from the ownership of the seller this is also the day that you can actually move in or have to move out the deposit the deposit is a sum of money that is passed from the buyer to the seller by their lawyers when exchange of contracts takes place this is often 10 of the purchase price although it can differ and it is the sum of mone

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