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The Conveyancer

Thursday, August 3, 2023


A conveyancer does not provide carriage to fresh produce or livestock, but is an attorney who passed a notoriously difficult examination and is admitted to the High Court of South Africa, permitting the attorney to draw up specialised deeds required for registering property to a new owner.

 

For the Seller: The role of a conveyancer when selling your property.

 

  • It is customary practice that a seller may choose a conveyancer to assist with a property transaction.
  • A signed contract is the governing document of a property transaction, a conveyancer is tasked with executing this contract.
  • Collects the purchase price, ensures the payment of municipal taxes and settles any outstanding amounts owed to other stakeholders, whereafter and upon registration the proceeds are paid to the seller.

 

For the Buyer: The role of a conveyancer when buying your property.

 

  • Regular updates on the progress of a transaction from a conveyancer are essential, as its important to know when to get packing or when a property investment will start paying off.
  • Guarantees? Lodgement? Transfer duty? Common conveyancing language, a conveyancer should explain to you.
  • Obtain compliance certificates before registration, a property’s wiring shouldn’t come as a shock to you.

 

Take note that the information provided in this snippet is purely for information’s sake and is not intended to be advice.


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