The composition and calculation of transfer costs

The composition and calculation of transfer costs

The purchase price (or in some cases the value) of a property determines the tariff at which the costs incidental to the transfer thereof are calculated.Although it is customary for a purchaser to pay the transfer costs, nothing prevents the parties from stipulating...
Suspensive Clause in Deed of Sale

Suspensive Clause in Deed of Sale

 The contents of any agreement are commonly referred to as “terms”, “conditions” or “stipulations”. Contracts for the purchase of fixed property (the Offer to Purchase and once accepted, the Deed of Sale) normally contain one or more “suspensive conditions”. These are...
How to Limit Delays in the Transfer Process

How to Limit Delays in the Transfer Process

In any property transaction the purchaser, to a large extent, holds the key to a swift completion of the entire transfer process. Unfortunately, should it be his/her intention, a purchaser is well positioned to delay the process if a deed of sale does not prevent, or...
Why does the transfer process take so long

Why does the transfer process take so long

It is generally accepted that the transfer of immovable property can take anything between one month and three months. Some transfers may take even longer. Why is that?The transfer of any particular property may involve as many as 17 role players, the most important...

The Transfer Process

Once the transferring attorney has received instructions to transfer immovable property from a seller to a purchaser in accordance with a concluded deed of sale (an accepted offer to purchase), the office of the attorney will attend to the following:an online Deeds...
Signatories to a Deed of Sale

Signatories to a Deed of Sale

Having entered into a deed of sale, i.e. having accepted an offer to purchase presented by a real estate agent or a purchaser, a seller most certainly does not want to discover afterwards that the deed of sale lacks a vital further signature by the purchaser or that...