Conveyancing
What Do Conveyancing Attorneys Do and Who Appoints Them?
Ownership of Immovable property does not become yours upon signing an offer to purchase document or upon paying the purchase price. Ownership is only obtained on registration of the property, in the buyer's name, in the Deeds Registry Office.
Conveyancing is the legal process that takes place when lawful ownership is obtained of immovable property. Each time a property is sold, a new deed of transfer must be drawn up and registered. This is to ensure the security and certainty of an owner's title to his property.
There are 3 conveyancing attorneys involved in the property buying/selling process:
Transferring Attorney
The Transferring attorney will transfer the property from the seller to the buyer.
Bond Attorney
The Bond Attorney will register the bond over the property in favour of the bank that is financing the purchase of the property.
The Bond Attorney represents the buyer and the bank granting the buyer's home loan.
Bond Cancellation Attorney
The Cancellation Attorney will cancel the seller's existing home loan on the property. The Cancellation Attorney represents the bank cancelling the seller's home loan.
Van Rhyns Attorneys has a team of experienced professionals to assist with the transfer of your property.
Our promise to you,
- We always protect the interests of our clients. These interests should outweigh all other considerations except for legal considerations;
- Inform our client about the conveyancing procedure and keep our client informed of the progress of the transaction;
- Give advice on the content of the Offer to Purchase, especially regarding suspensive conditions;
- Advise our client on the cancellation of his bond, any penalties, notice periods, and other administrative charges which may affect the settlement figure;
- Obtain our client’s instruction before issuing any guarantees in respect of the transaction;
- Do everything in our power to register the transaction on or as close as possible to the date agreed to in the offer to purchase;
- Advise our client of his obligations in connection with the offer to purchase, to ensure that the transfer is not delayed;
- Meet with our client to explain, as well as sign the necessary documentation to conclude the transaction;
- Prepare the deeds for lodgement with care, to minimize the risk of rejection of the documentation by the Deeds Office;
- Inform our client of the transfer on the day of registration;
- Provide our client with financial information relating to the transaction within two days after registration.
