Property Transfers
Step 1
Offer to purchase sent to property Transfer Attorneys
Deeds Office Search
Request Title Deed and bond cancellation figures if applicable
Apply for rates figures and levy figures
Step 2
Fulfilment of suspensive conditions
e.g. Bond approval, sale of purchaser’s property
Collect FICA documents from Seller and Purchaser
Draft transfer documents for signature
Apply for rates and levy clearance figures
Step 3
Apply for a property transfer duty receipt
Apply for rates clearance certificate and levy clearance certificate
Ensure satisfactory guarantees are in place for the purchase price
Step 4
Seller and Purchaser sign a property transfer documents
Purchaser pays property transfer costs
Seller pays rates and levies
Seller provides compliance certificates
Step 5
Obtain property transfer duty receipt
Obtain rates clearance certificate
Obtain levy clearance certificate
Step 6
Lodge the matter in the deeds office
Examination process seven to ten working days
Property Transfer is registered – ownership passes from seller to purchaser
Step 7
Final accounts drawn for the Seller and Purchaser
Seller paid out net proceeds (usually the next business day after receipt of funds)
Agents’ commission paid
Existing bonds cancelled
Step 8
Deeds Office to release original Title Deed and Mortgage Bond
Conveyancer will send original Title Deed to the relevant bank (if the property is bonded) or Purchaser (if un-bonded)
Need help with property transfers?
At Denoon Sampson Ndlovu, we ensure that smooth property transfer processes take place.
Fast forward your property transfer by avoiding potentially costly pitfalls with hands on conveyancing attorneys.