Property Law Simplified

Conveyancing Attorneys

Property Conveyancers | South Africa

Avoid Delays

Speed Up The Property Transfer

Buyer

The Buyer of a property should ensure that sufficient funds are available to cover all the property transfer costs as stipulated in the purchase contract.

Conveyancer

A smooth property transfer begins with the appointment of a conveyancer who knows how to manage the property transfer process effectively and to resolve problems immediately if and when they arise.

Seller

The Seller of property should ensure that all the relevant electrical, plumbing, gas and borer beetle certificates are in place and that rates are up to date.

Conveyancing Attorneys

Who Appoints the Conveyancer?

Although the buyer is responsible for the property transfer costs, unless both parties agree otherwise, the transferring party (usually the seller of a property) appoints the conveyancer who is then responsible for overseeing and managing all legal aspects of the entire property transfer process.

Depending on the terms of the agreement, the buyer would normally pay the deposit into the trust account of the attorney and conveyancer (sometimes referred to as property attorneys, transfer attorneys or conveyancing lawyers) who would invest the funds for the benefit of the buyer, until the date of transfer.

Bond Registration and Transfer Costs

What The Buyer Pays

As a ballpark, Bond Registration and Transfer Costs could amount to anywhere around 8% to 10% of the amount of the purchase price of a property and is payable by the buyer. Amounts such as the Deposit and Municipal- and Bank charges are excluded and must also be allowed for.

Bond Costs

  • Conveyancing Fees
  • Sundry Expenses
  • Deeds Office Registry Fee

TRANSFER COSTS

  • Transfer Duty
  • Conveyancing Fee
  • Sundry Expenses
  • Deeds Office Registry Fee

Commission And Fees

What The Seller Pays

The costs incurred by the seller of a property typically include the Estate Agent’s Commission, Conveyancer’s Fees (for cancellation of his bond over the property if applicable) and Compliance- and Clearance Certificates, as they may apply.

Specialist Transfer Attorneys

The Conveyancer’s Role

Property transfers are highly complex transactions. It requires special expertise to accomplish a successful property transfer and the entire conveyancing process hinges on the competency of the Conveyancer. The knowledge of Conveyancers spans across several other areas of the law and requires the Conveyancer to pass stringent exams before being admitted in the High Court.

Conveyancers are accountable and always at risk of being held liable for mistakes that invalidate or delay a sale. A competent Conveyancer will process the sale and transfer of property in the shortest possible time frame to avert glitches and save cost.

Property Transfers

A Cross-section of the Conveyance Spectrum.

Commercial Property

Residential Property

Vacant Land

Subdivisions & Consolidations

Bond registrations

Sectional Title Units

Transfer of Ownership

The Conveyancing Process

The conveyancing process entails the preparation and processing of documents required for the Court to transfer the rights of ownership of an immovable property from one person to another. The entire conveyancing process hinges on the competency of the conveyancing attorneys responsible and accountable for the transfer of large sums of money while ensuring that the correct procedures are followed throughout the conveyancing process.

Z

Clearance Certificates of Rates & SARS

Payment of Duties and Taxes

Homeowners’ Association’s Approval

Drafting of Documents & Deeds

Lodgement at Deeds Office

smooth transfer

Speak to an Expert

A smooth property transfer begins with the appointment of a conveyancer who knows how to manage the property transfer process effectively and to resolve problems immediately if and when they arise.