Bond cancellation
The conveyancing process of cancelling a registered mortgage bond at the Deeds Office, usually when property is sold or a bond is settled.
Definition
Bond cancellation can affect transfer timing because the cancellation figures, bank instruction, title deed, cancellation attorney, transfer attorney, seller documents, and Deeds Office lodgement must align. The practical review should check the home-loan account, bank cancellation notice, settlement figures, title deed, sale agreement, transfer timeline, cancellation costs, and whether a replacement bond or simultaneous transfer is involved.
Key takeaways
The conveyancing process of cancelling a registered mortgage bond at the Deeds Office, usually when property is sold or a bond is settled.
Conveyancing
Book Conveyancer
Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Selling bonded property
Bond cancellation delay
Settlement figures dispute
Related resources
Resources and guides
FAQs
Bond cancellation FAQs
What does Bond cancellation mean?
The conveyancing process of cancelling a registered mortgage bond at the Deeds Office, usually when property is sold or a bond is settled.
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