A title search is used to check the register of titles on the official record held by the registrar general that a person has clear legal title to property. This is very important if you are buying a property because it tells you if there are any encumbrances on the property such as a mortgage, a caveat or any aspects to the title which may be undesirable such as covenants, easements or other rights affecting property. In most states of Australia, there is a Torrens title system of registration. There are very few old system title land holdings left in any parts of Australia.
The reason that title searches are so important is because there are many dangers which can be avoided in the process of property transaction by having a title search done correctly. It is a relatively cheap and efficient tool for ensuring that the legal title to property is as someone selling a property says it is. It is also used in conjunction with other important searches such as company searches. Banks use a system of title as an essential aspect to their loan assessments before lending a person money. It is an essential aspect to the loan approval process. Title searches can also be very important in the debt collection process. If you’re owed a substantial amount of money by someone, and you are unsure if they are able to repay the debts, you can do a title search to identify any assets they might have in property in all the states of Australia.
If you need conveyancing, or even one simple title search we can certainly provide this service for you. Simply enter your enquiry into the enquiry form to the right and we will assist you as quickly as possible. We can search the register of titles instantly and provide you with an answer and an up-to-date title search copy as soon as you need it.