Property

Deeds Office Procedure

Lodgement Documents are lodged by attorneys in the Deeds Office. Lodgement clerks are responsible for linking the transfer, bond and bond cancellation. After the batch is linked and handed in for lodgement, the data clerk at the Deeds Office scans the deeds into the DOTS (Deeds Office Tracking System) so that they can be tracked …

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Property Transfers- Guidelines

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 …

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Recent changes to Transfer Duty, Conveyancing Fees, Deeds Office charges, Capital Gains Tax and Withholding Tax.

As you know, many different institutions rely on conveyancers to collect their money. For instance, we collect for Receiver of Revenue, The Deeds Office, software vendors, ourselves and others from purchasers. This year, there have been the following recent changes to the costs: 1 March 2017 – Transfer duty; 1 April 2017 – The Deeds …

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Sectional Title vs. Freehold: What Is the Difference?

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. …

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The Ineffective Property Condition Report is not legal and should be replaced

When a disgruntled purchaser telephoned one of our conveyancers to complain that the “Property Condition Report was contradictory and therefore, a completely useless document”; we were not surprised. He was referring to the seller who had stated in writing that he was not aware of any damp, despite the fact that there was a large …

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What is FICA and why must I provide it?

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 …

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