Think Pink Conveyancing

What is an encumbrance?

An encumbrance is a legal agreement registered on the title that may impose conditions or restrictions on the property.

For example, it may regulate:
• Building design
• Fencing
• Land use
• Development requirements

What is Title Insurance?

Title insurance provides protection against certain risks that may not be discovered during the conveyancing process, such as:
• Boundary issues
• Registration errors
• Fraud

What is settlement day?

Settlement day is when ownership of the property officially changes hands.

On settlement:
• The balance of funds is paid
• Legal documents are exchanged
• The title is transferred
• Keys are released by the agent