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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

Unit aim

Introduces the practical implications of the conveyancing transaction. Students will cover all areas involved in the preparation and completion of a conveyance of real property and an old system title together with the preparation of leases and mortgages and the execution and registration thereof.

Unit content

Module 1: Introduction
Module 2: Formation of land contracts
Module 3: The subject matter of the sale
Module 4: The vendor's duty of disclosure
Module 5: Title defects
Module 6: Legality of structures and use
Module 7: The deposit
Module 8: Position of the parties pending completion
Module 9: Requisitions and objections
Module 10: Errors and misdescriptions
Module 11: Inquiries and affectations
Module 12: Preparing for settlement
Module 13: Time
Module 14: Strata subdivision of land
Module 15: The revenue implications of land and business transactions

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:
1 identify the materials necessary to prepare a contract for the sale of land under the Torrens system, or for the sale of a business, and to comply with relevant legislative requirements
2 identify and apply an understanding of the statutory and case law governing the selling, purchasing, leasing and mortgaging of interests in land and businesses
3 draft the special conditions necessary to prepare a contract for the sale of land or of a business so as to suit the varying circumstances of these transactions
4 advise clients on the conveyancing, leasing and mortgaging of land and the sale of businesses, including possible conflicts of interest and the revenue implications of these transactions.

On completion of this unit, students should be able to:

  1. identify the materials necessary to prepare a contract for the sale of land under the Torrens system, or for the sale of a business, and to comply with relevant legislative requirements
  2. identify and apply an understanding of the statutory and case law governing the selling, purchasing, leasing and mortgaging of interests in land and businesses
  3. draft the special conditions necessary to prepare a contract for the sale of land or of a business so as to suit the varying circumstances of these transactions
  4. advise clients on the conveyancing, leasing and mortgaging of land and the sale of businesses, including possible conflicts of interest and the revenue implications of these transactions.

Prescribed texts

  • No prescribed texts.
Prescribed texts may change in future teaching periods.