Conveyance

What is it and what does it entail

Conveyancing (or conveyance) is the legal term for the process whereby a person, company, close corporation or trust becomes the registered and legal owner of immovable property and ensures that this ownership cannot be challenged. It also covers the process of the registration of mortgages.

Conveyancing in South Africa can only be carried out by a licensed conveyancer, i.e. a lawyer (the term attorney is also used in South Africa) who has passed the National Conveyancing Examination.

After an agreement of sale has been made, a conveyancer is appointed (normally by the seller, although the buyer will pay the fees) and instructions are sent to him by the estate agent. These include the names of both the buyer and the seller, a copy of the agreement of sale, and the passport numbers and marital status of the buyer and seller. The conveyancer then drafts the following documents:

The conveyancer should then do the following:

The buyer and seller must then sign the transfer documents and the buyer must pay the transfer costs. The Receiver of Revenue will issue a receipt for the transfer duty. The seller must consent to the cancellation of his mortgage (if applicable) and the new deed is lodged at the Deeds Office, where it’s registered 8 to 14 days later. The seller’s mortgage is cancelled and the balance repaid (less any commission or penalties that apply).


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