Conveyancers
Role Of Conveyancers In Property Transfers
Conveyancers are transfer attorneys who handle the transfer of property rights on immovable properties from sellers to buyers. To act as conveyancers, attorneys must be qualified in the specific field of law.
We at Bert Smith Incorporated have an experienced team of conveyancersto handle the deed documents, coordinate the transfer of property rights and to ensure that the process is done according to legal requirements.
Our transfer attorneys make sure all the required signatures are on the relevant documentation, that all transfer costs are paid, and that the title deed is registered in the buyer’s name. The process in summary involves the review of the deed of sale, signing off on specific documents, and liaison with the bond attorneys. The conveyancing attorney requests an amount from the bank for the cancellation of the bond. The amount is called the cancellation figure and is the amount to be paid to the bank to pay off the bond completely.
The attorney also requests the title deed from the bank who is normally the bond holder. If there are no outstanding bonds on the property there will be no need for the cancellation figure and the title deed will be obtained from the property owner.
The conveyancing attorney also requests a rates clearance certificate from the relevant municipality. It is a certificate that shows that all levies have been paid up to date by the seller including rates and taxes as well as any water and electricity tariffs. The attorney furthermore obtains the guarantees from the buyer’s bank. Once a bond is registered the registering lawyer prepares the bond documentation and such is then registered at the deeds office.
One attorney can act in capacity of registration and conveyancing. Let us help you through the process of property transfer. Contact us to act as your conveyancers, ensuring that the process is completed successfully and according to all required legislation.