THE CONVEYANCING PROCESS

THE ROLE PLAYERS

Seller, Buyer, Estate Agent, Bond Originator, Bank, Local Municipality, Transferring Conveyancer (Appointed by Seller), Bond Conveyancer (Appointed by New Bond Holder), Cancellation Conveyancer (Appointed by Existing Bond Holder), Deeds O�ice

OFFER TO PURCHASE

Purchaser makes an O�er to Purchase property from Seller

BOND APPROVED BY BANK

BOND REGISTRATION PROCESS

BOND REGISTRATION PROCESS TRANSFERRING CONVEYANCER

TRANSFER PROCESS BOND CALCULATION PROCESS

BOND CANCELLATION PROCESS

ARRANGE SIMULTANEOUS LODGEMENT IN DEEDS OFFICE

READY TO LODGE READY TO LODGE READY TO LODGE

1. Request cancellation figures and release of title deed from bond holder.2. Obtain levy/rates clearance figures.3. Obtain supporting documentation from Seller and Purchaser

INITIAL STEPS:

Forward copy of Title Deed and cancellation figures to Transferring Conveyancer.

Will need guarantee for amount required to cancel bond

INITIAL STEPS:

1. Purchaser and Seller to sign transfer docu- ments2. Purchaser to pay transfer costs3. Obtain transfer duty clearance4. Obtain rates / levy clearance certificate

SUBSEQUENT STEPS

1. Examination of Deeds2. Transaction on “prep”3. Registration of transactions

DEEDS OFFICE1. Seller to close Utilities Account2. Seller to arrange for Refund and inform Transfer Conveyancer of the amount to re- ceive from Municipality

POST REGISTRATION

1. Request copy of Title Deed and guarantee requirements from Transferring Conveyancer

Rates / Levy clearance figures received.Obtain cover from parties

Provide Bond Registration Conveyancers with guarantee requirements and copy of Dra� Title Deed

Receive guarantee requirements and copy of Title Deed

Prepare guarantees and bond registration documents

Purchaser signs and pays bond registration costs

Forward guarantees to Transferring Convey-ancer

Receipt of guarantees - forward to Bond Can-cellation Conveyancers Receive cancellation guarantee

Receive copy of Title Deed and cancellation figures from Bond Cancellation Conveyanc-ers.Draw transfer documents.

INITIAL STEPS:

1. Receives request:2. Calculates amount outstanding on Seller’s bond.3. Issues sancellation figures and Title Deed to bond cancellation conveyancer

BOND HOLDER: