Property Conveyancing
Property Conveyancing – Who Does What?
Buying a house requires more than just your money. For one you will have to put your signature on the dotted line a number of times. This is a scary concept especially if you don’t know what half the legal jargon means in the contract that you are signing. That is why you can’t do property conveyancing on your own. You will need a licensed conveyance, which passed the National Conveyancing Examination, to assist you. Conveyancing is simply the legal process of obtaining ownership of a property. Even though it is the seller who decides on a conveyancer and who pays the legal fees, you have to make sure that this person is legitimate.
The attorney who is in charge of property conveyancing needs to do a couple of tasks. He or She has to complete a property information form and a list of the fixtures, fittings and contents within the house. The next step is to send a written contract that provides all the necessary details of the property including the names of the buyer and seller, a copy of the agreement of sale, and the passport numbers and marital status of the buyer and seller. The written contract of sale of the property in question must be drawn up and be signed by both the seller and the buyer.
The property transfer process is then continued at the Deeds Office where the new ownership is registered and the conveyance will keep his client updated. Other tasks include registering mortgage bonds and cancelling existing bonds, requesting title deeds, and a clearance certificate from the local municipality. Now finally a new title deed can be drawn up and used for the new bond registrations and registration of the property in the new owner’s name.
For the absolute professionals in property conveyancing contact Bert Smith Incorporated for knowledgeable and experienced advice.