Steps in the Property Transfer Process
Our process in ensuring fast and effective transfer of your property:
- 1. Conveyancer instructed, initial letter sent, deed search performed and FICA documents requested
- 2. Purchaser applies for a bond from financial institution
- 3. The original title deed, cancellation figures, rates clearance figures and levy figures are requested
- 4. Guarantee request is sent to the bond attorney
- 5. Documents drafted and parties requested to come and sign
- 6. Seller to pay:
- Cancellation attorney
- Rates & taxes
- Pro-rata levies
- COC, Gas or Electric Fence Certificates (if applicable)
- 7. Purchaser to pay:
- Transfer attorney costs
- Transfer duty
- Bond attorney costs
- 8. Attorney receives:
- Guarantee
- Transfer duty receipt
- Clearance certificate
- Levy certificate
- COC and relevant compliance certificates
- 9. Confirm if all conditions of sale have been met
- 10. Lodgement is arranged with simultaneous transfer
- 11. Registration of transfer (8 – 12 working days later)
More Articles
- Why is an antenuptial contract important and what does it entail?
- Step by step process of administering a deceased estate.
- When is VAT / Transfer Duty / Zero-rated VAT applicable on a property?
- Estate Transfers
- Financial Intelligence Centre Act No. 38 of 2001 (FICA)
- Claim for commission.
- Keeping Maritial regimes in mind when signing and offer to purchase.
- Importance of Defect List (Latent and Patent Defects)
- Different Zonings