02/11/2026
🏡 CONVEYANCING TERMINOLOGY EXPLAINED
Buying or selling property comes with a lot of terminology — and understanding what it actually means can make the process a whole lot less overwhelming.
Here are a few terms you’re likely to come across during your property transaction:
📑 CONTRACT OF SALE
The legally binding agreement between the buyer and seller. It sets out the terms of the transaction, including the purchase price, settlement date and any special conditions that apply to the sale.
🔎 TITLE SEARCH
A search of the property's Certificate of Title to confirm ownership and identify any registered interests or encumbrances that may affect the property. Your conveyancer will review the title as part of the settlement process.
💰 SETTLEMENT ADJUSTMENTS
These account for items such as council rates, water charges and other property outgoings that have been paid or accrued across the settlement date. The amounts are apportioned between the buyer and seller so each party pays their appropriate share.
📜 TRANSFER OF LAND
The legal document used to transfer ownership of the property from the seller to the buyer. Once settlement has taken place and the transfer is registered, the buyer becomes the registered proprietor of the property.
🔑 SETTLEMENT
The point at which the transaction is completed — funds are exchanged, the necessary documents are lodged and the transfer of ownership takes place. For the buyer, this is generally when the keys can be collected and the property becomes theirs.
Still confused by the terminology? That's okay.
At Thane Conveyancing, we believe you shouldn't need to be an expert in property law to understand what's happening with your property.
We explain the process, keep you informed and make sure you know what is happening at each stage of your transaction.
Thane Conveyancing
Making your property settlement simpler.
Call us on 08 9409 2688 or email [email protected]