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CONVEYANCING PROCESS

An average transfer in which a Seller has an existing bond to cancel and where the Purchaser will be registering a new bond takes between 2 to 3 month to achieve registration in the Deeds Office. This process involves three firms of attorneys, each attend to different aspects of the process simultaneously.

The following steps can generally be expected:

Step 1
Transfer Attorney
Contact Seller
Contact Purchaser
Step 1
Step 2
Transfer Attorney
Receive Seller and Purchaser's FICA documents
Step 2
Step 3
Transfer Attorney
Request Bond cancellation figures
Step 3
Step 4
Bond Cancellation Attorney
Bond Grant
Step 4
Step 5
Bond Attorney
Receive cancellation figures
Receive Title Deed from Bond Cancellation Attorneys
Step 5
Step 6
Transfer Attorney
Draw transfer documents
Apply for Rates/Levy clearance figures from the municipality
Seller to provide compliance certificates
Step 6
Step 7
Transfer Attorney
Request Guarantees
Step 7
Step 8
Transfer Attorney
Parties to sign transfer documents & Purchaser to pay transfer costs
Step 8
Step 9
Bond Cancellation Attorney
Purchaser to sign bond documents and pay bond costs
Step 9
Step 10
Transfer Attorney
Pay transfer duty to SARS
Receive transfer duty receipt from SARS
Step 10
Step 11
Bond Cancellation Attorney
Pay Rates/Levy Assessment (Seller liable for such payment)
Step 11
Step 12
Bond Cancellation Attorney
Receive Guarantees (approx 3-4 weeks from registration)
Step 12
Step 13
Transfer Attorney
Send Guarantees to cancellation Attorneys
Step 13
Step 14
Transfer Attorney
Receive valid Rates/Levy Certificate
Step 14
Step 15
Bond Cancellation Attorney
Bond Attorneys to receive proceed from bank to proceed with lodgement
Bank requires 5-10 working days to grant proceed
Step 15
Step 16
Deeds Office
16.1 Lodge
16.2 Documents examined by Deeds Office (7-10 Working days)
16.3 Registration
16.3.1 Pay Agent
16.3.2 Pay Seller
16.3.3 Pay Purchaser possible refund
Step 16