Conveyancing, a form of property law, is the transfer of your immovable property, from the name of the seller to the name of the buyer.
As your conveyancer and property lawyer, we will assist you through the whole process from offering to purchase to registration and finally to re-selling. We assist with the purchase of all types of properties, from farms, flats, town-houses, industrial and residential properties.
Only attorneys who are conveyancers can attend to this process on your behalf and our conveyancer would be there to attend to the transfer and ensure that your rights are recorded correctly and protected.
Ownership of property is one of the strongest rights that any individual will have and it is this right that will be registered with the Deeds Registry.
The conveyancing process
To transfer a property usually takes ninety days from the date that the instructions are given to a conveyancer. These instructions are contained in the Deed of Sale or Offer to Purchase and this must be reduced to writing. The law does not allow the transfer of immovable property to occur in terms of a verbal agreement.
The transfer costs are paid by the buyer and these costs are regulated by the Deeds Office of South Africa. The costs are on a sliding scale, dependant on the value of the purchase price. These costs do not include the amount relating to transfer duty payable to SARS.
In respect of transfer duty, an individual will normal pay approximately 5-10% of the purchase price and an legal entity will pay 10%. Trusts, who own or purchase immovable property will be liable for 20% of the transfer duty.
There is also usually a transfer of property involved with a divorce or a deceased estate. Our conveyancer will be able to assist with these registrations as our aim is to offer a complete service for our clients.
Other property law services Rental agreements
Deeds of sale
Offer to purchase
Land in instalment sales