A professional conveyancer - who may also be referred to as a conveyancing attorney or conveyancing solicitor - assists with the property transfer process by ensuring that his or her client meets the legal obligations, and that their client is protected during this transaction.
When immovable property is sold, it has to go through a registration process before ownership of the property can change hands.
In order to complete this process, the title deed needs to be transferred into the new owner's name to ensure the certainty of the owner's title to the property that he or she has had purchased, and this would require the service of a conveyancing attorney.
A new deed of transfer needs to be drawn up and registered each time property is sold, and there are three conveyancing attorneys involved in the property transfer process:
When appointing one of the three conveyancing attorneys, keep in mind that a conveyancer should:
If you are in the property market, whether you are buying or selling, make the right choice by choosing conveyancing attorneys who will ensure that the transfer of your property goes as smooth as possible. Contact Van Deventer and Van Deventer Incorporated today.
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The Alienation of Land Act provides that for immovable property sale transactions of R250 000 and below, a cooling off period of 5 business days applies. In this period the purchaser may notify the seller and revoke the offer with no consequences.
Read More ...Posted by Cor van Deventer on Wednesday, August 25, 2021 Views: 403