Who pays commercial conveyancing fees buyer or seller?
Both the buyer and seller will need to engage their own conveyancer to represent their respective interests in the transfer, and each party will be responsible for their conveyancer’s costs.
However, we do see many contracts with conditions and stipulations that a purchaser must pay the vendor’s conveyancing costs on any requests for finance extensions, nominations, and changes to the settlement date. Such conditions would appear to be a breach of section 42(3) of the Property Law Act 1958 which provides that no contract of the sale of land shall contain a condition stipulating for the payment by the purchaser to the vendor or their conveyancer of any costs except by reason of default.