There are a whole host of documents and certificates that are required to prepare for your property transfer. Not knowing what they are, how and where you can get them from may delay your transfer significantly! Conveyancers will generally obtain the regular certificates as part of their service. Rates Clearance Certificate (“RCC”). The seller is […]
What paperwork is required for my Property Transfer? Read More »
There are 2 different categories of trust accounts, both of which are very closely controlled by an Act of Parliament, The Attorneys Act, The Rules of The Law Society, The Attorney’s Fidelity Guarantee Fund, as well as frequent regular audits in terms of the International Standards on Accounting and the Joint Attorneys and Accountants Committee,
Who gets the interest if money is paid into a trust account? Read More »
It is compulsory under The Financial Intelligence Centre Act(FICA) and is aimed at eliminating Money Laundering and financial fraud. FICA compels “accountable institutions”, such as banks and attorneys to physically identify and verify their customers. Accountable institutions are also required by law to report “suspicious and unusual” transactions as well is any cash deposits in
What is FICA and why must I provide it? Read More »
