What does a property lawyer do?
A property lawyer’s basic work is to be involved in securing title over property transactions. They work on transactions regarding property in residential contexts and commercial transactions will all different types of properties. The types of properties can include residential houses, factories, office space, strata units and any other type of property. Typically property lawyers advise on the commercial and regulatory implications of the transactions such as taxation, stamp duty, capital gains tax, land tax and all of the issues that can come up in relation to development approval, council regulations, planning regulation certificates, sewer and drainage diagrams, deposited plans and the title searches. In a large commercial transaction these considerations can become extremely complex especially where there are a number of title holders involved or a developer with a construction schedule and a borrowing program is involved.
Also a property lawyer would generally assist with the transactions with banks which are so often associated with property such as the creation or the discharge of a mortgage or the lodging of a caveat as security over a property or the other instruments such as easements which are used to alter the title to a property with certain rights assigned to parties who are involved with the property in various ways. A property lawyer can assist with managing the transaction between the bank, the real estate agent, the solicitor for the other party in the transaction, the other party themselves and the bank for the other party. This is no simple task to effectively coordinate all of the necessary elements into one.
If you are in need of a property lawyer or you would like to ask a question about the property law field then you can chat to one of our lawyers online or perhaps you would like to post your question below or to the contact form to the right. We are more than happy to help.