Bond Registrations
Don’t Get Held Up By Bond Registrations
Very few of us ever have the opportunity to buy a fixed property and paying cash for it. More often than not there is some sort of loan, mortgage or bond involved. The financial institution that extends this credit facility requires the bond to be registered with some form of guarantee, usually the property itself, in order to protect their investment. While this sounds simple enough, there are a number of steps that need to be taken care of before bond registrations can be completed. The property must first be transferred to your name, at least on paper and sealed with a legal contract that is signed by both the buyer and the seller, before it can be used as guarantee. This process, referred to as property conveyance, need to be handled by a professional legal representative, the likes of which can be found at Bert Smith Incorporated.
At Bert Smith Incorporated we have the necessary legal representatives – all well-versed in the latest property law – who can assist you with any property related query. This does not only refer to bond registrations, but the entire conveyance process. In fact, over and above general conveyancing and the related activities and procedures, we also specialise in:
- Drafting of specialised agreements relating to the acquisition, sale and or development of property both residential and commercial.
- Reservation of “usufructs” and the registration of pridial and personal servitudes.
- Opening of Township and Sectional Title registers.
- Registration of bonds and other notarial securities.
- Subdivision of land and general conveyancing
- Specialised tax advice on Capital Gains Tax, VAT and other taxation issues relating to property both residential and commercial.
Bert Smith Incorporated specialises in the delivery of these conveyance services and other ancillary services to its extended national and international client base. The firm is on all the major bank panels, such as FNB, ABSA, Standard Bank and Nedbank, which helps to better facilitate the expeditious registration of our transactions. We pride ourselves on the quality of our work ethic and strive to deliver services that cannot be matched. In doing so, we have built a reputation as a formidable role player in the Pretoria property market. Contact us for assistance with all property related legal issues, including bond registrations.