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In law, conveyancing is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. [1] A typical conveyancing transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (also called settlement, when legal title passes and equitable rights merge with the legal title).
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Transfer of equity is an English legal term for the process where the ownership of a share or interest in a property is transferred from one entity to another, a partial conveyance.
In 1970 he was appointed as a lecturer in conveyancing at the University of Strathclyde. [1] Sinclair was appointed the first director of the Diploma in Legal Practice at the university in 1981. [1] From 1983 to 1993 he was clerk, treasurer and fiscal of the Royal Faculty of Procurators in Glasgow, becoming an honorary member of the faculty in ...
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The agent used for conveyancing varies based on the jurisdiction. In the English-speaking world this means either a general legal practitioner, i.e., an attorney or solicitor, or in jurisdictions influenced by English law, including South Africa, a (licensed) conveyancer. In the United States, real estate agents are the most common.
The Rule in Shelley's Case is a rule of law that may apply to certain future interests in real property and trusts created in common law jurisdictions. [1]: 181 It was applied as early as 1366 in The Provost of Beverly's Case [1]: 182 [2] but in its present form is derived from Shelley's Case (1581), [3] in which counsel stated the rule as follows: