Step 1 The transferring attorney receives the instruction from the client/estate agent to attend to the transfer. The transferring attorney will conduct a Deeds Office search on the property to verify that all the property and related information is correct. The conveyancer will request the original Title Deed from the seller or in the case […]
Property Transfers- Guidelines Read More »
This surprising revelation came to mind, when we assisted two young South Africans who are now living permanently in England. They naturally wanted their own antenuptial contract, as they know it, to be registered in England; only to find out that there is no such thing as an Antenuptial contract in England and even more
Did you know that there are no Antenuptial contracts in England? Read More »
Freehold land ownership has the following characteristics: The owner of the “property” owns the ground, the underground and the space above it. All improvements (buildings) permanently acceding to the ground belong to the owner of the property. The property means the ground plus any improvements thereon. One cannot own improvements on the property belonging to another.
Sectional Title vs. Freehold: What Is the Difference? Read More »
Mr and Mrs Jones own a property in Bryanston, Johannesburg. Many of the old properties in Bryanston are approximately 4 200 square meters, and this is one such property. The Jones’s children have grown up and left home to start their own lives. Mr Jones is considering retiring in approximately 6 years’ time and Mrs
To Subdivide or to Open a Sectional Title Register – This Is The Question? Read More »
Marriage is one of the most important decisions that a person will make in their lives and when the excitement of gowns and venues has calmed down, serious thought must be given to the manner in which to be married. Don’t assume you and your partner are both on the same page. It’s hard to
The property is registered at the Deeds Office into the name of the purchaser; The transferring attorneys send a letter to the municipality stating that registration has occurred; Within eight weeks of registration of the property, the Deeds Office sends information via direct link to the municipality so that they may update their systems; The
The Process of Opening and Closing a Rates Account with the Municipality Read More »
One or more people purchasing property together or jointly with others, is becoming more and more prevalent. This is mainly because it is becoming increasingly difficult for young individuals to raise the purchase price and the costs required to buy a property. Accordingly, many decide to pool their assets in order to take their first
Co-ownership and buying property jointly with a partner Read More »
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 »
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 »
