During completion, which task is typically performed regarding the transfer deed?

During completion, which task is typically performed regarding the transfer deed?

• A. Draw the contract and respond to inquiries
• B. Draft pre-completion searches
• C. Approve transfer deed
• D. Market the property

Answer: (C)

The key task at completion is approving the transfer deed. The transfer deed is the document that actually passes legal ownership from seller to buyer, so it needs to be in proper form and ready to be executed on the day of completion. The seller’s solicitor prepares or finalises the transfer deed, and the buyer’s solicitor reviews it and gives approval to ensure it accurately reflects the transaction—correct parties, property description, consideration, and any relevant charges or rights. Once approved, the transfer deed is executed on completion so that the registrar can update the title. Other activities described—drawing the contract and handling inquiries, drafting pre-completion searches, or marketing the property—take place earlier in the process, before completion.

The key task at completion is approving the transfer deed. The transfer deed is the document that actually passes legal ownership from seller to buyer, so it needs to be in proper form and ready to be executed on the day of completion. The seller’s solicitor prepares or finalises the transfer deed, and the buyer’s solicitor reviews it and gives approval to ensure it accurately reflects the transaction—correct parties, property description, consideration, and any relevant charges or rights. Once approved, the transfer deed is executed on completion so that the registrar can update the title. Other activities described—drawing the contract and handling inquiries, drafting pre-completion searches, or marketing the property—take place earlier in the process, before completion.