CONVEYANCING
With the assistance of qualified Conveyancers, we will exceed all of your conveyancing expectations and we assure you that all of your dealings will only be with qualified, competent Individuals.
We assist with all aspects of conveyancing, including, drawing up of contracts transfer of properties, opening and registration of sectional title schemes and transfer of late estate transfers.
THE TRANSFER PROCESS
Transfer Attorney - Appointed by Seller, but can be appointed by the Purchaser with the Sellers consent
Bond Cancellation Attorney - Appointed by bank
Bond Registration Attorney - Appointed by Purchaser
1.
Receive Contract. Apply for bond cancellation and clearance figures from the City council.
2.
Follow up with purchaser and bond originator regarding the bond approval.
3.
The bond instruction is sent to the Attorneys.
4.
They receive their instruction from the Sellers bank. They request the original guarantee from security.
5.
Receive title deed and cancellation figures. Draw draft deed and guarantee requirements.
6.
Receive draft deed and guarantee requirements - Draw documents.
7.
Signature by Seller and Purchaser. Purchaser pay the fees. Documents are sent to SARS for payment of transfer duty.
8.
Purchaser sign the bond documents and issue guarantees to transfer attorney.
9.
Send original guarantees to cancellation attorney.
10.
Check guarantees.
11.
Receive transfer duty receipt. Receive clearance figures- request seller to pay the figure in trust account. Pay clearance figures - obtain clearance certificate.
12.
Lodgement
13.
Lodgement
14.
Lodgement
Registration
Registration
Registration
AFTER REGISTRATION
The Seller
Rates and taxes
We will immediately notify the City council of the registration and the fact that they must pay a refund to the you as the Seller. The city council will now proceed with the administrative process to change the records on their system. Despite the fact that you are not liable for any rates and taxes after registration you will still receive a account and in some instances even a letter of demand until the name change have been done.
Levies to the Body corporate
We obtain final figures from the Body corporate before registration and make all necessary payments out of the balance purchase price to settle any outstanding account on your behalf. We inform them of registration.
The Purchaser
Rates and taxes account
We inform the City council of the registration. The city council will now proceed with the administrative process to change the records on their system. Please note this can take a while. Please keep money on the side in lieu of the arrival of the account.
Body Corporate
We have informed the Body corporate of registration and furnished them with your details to arrange for the payment of levies. Provision have been made in your statement of account in the amount of R 2000.00 for payment of the rates clearance certificate and pro rata levies in the month in which the property is registered. Any balances will be paid back to you.
Title Deed
After registration the Deeds office go through a process to put the documents om microfilm- this can take 4- 6 months where after we will receive delivery of the Title deed. If a bond were registered over the property- we make a copy thereof for our file and send the original to your bank for their safe keeping. If this was a cash transaction, we will furnish you with the original title deed.