Ownership, use and transfer of property
Conveyancing is the legal process of transferring ownership of a property from one person or entity to another. It involves various steps and legal documents that must be completed to ensure the transfer is legally binding and properly recorded.
It also involves the registration of new bonds and the cancellation of existing bonds to ensure that the rights of a lender (such as a bank) are protected.
The transfer process can be complex and time-consuming, so it is essential to have a qualified conveyancer guide you through the process and ensure that everything is done correctly.
Our conveyancing team can help navigate this complex process from the start, from the receipt and review of the sale agreement, all the way to the finish at registration of the transfer in the Deed Office.
Along the way, you will get a report every week allowing you to track the progress of your transfer and personal service since our conveyancer is only a phone call away.
Mark Twain
The legal process of transferring ownership of a property from one person or entity to another. This can occur through a sale, inheritance, donation or a court order.
The transfer process can be complex and time-consuming, so it is essential to have a qualified conveyancer guide you through the process and ensure that everything is done correctly.
Our conveyancing team can help navigate this complex process from the start, from the receipt and review of the sale agreement, all the way to the finish at registration of the transfer in the Deed Office.
Along the way, you will get a report every week allowing you to track the progress of your transfer and personal service since our conveyancer is only a phone call away.
The process of registering a mortgage bond, a loan is taken out to purchase a property, over the property in the Deeds Office. This provides the lender (such as a bank) with a form of security.
Only certain attorney firms are allowed to register bonds on behalf of a bank (this is called being on the bank’s “panel” or a “panel attorney”) as the banks have performance targets that an attorney firm must adhere to.
Thorpe & Hands can register bonds on behalf of Nedbank and Standard Bank where the buyer has been granted a loan by either bank.
We have been the panel for these banks for many years and our experienced team is best placed to ensure that the requirements of the bank are carried out timeously.
The process of cancelling or terminating a mortgage bond on a property. It occurs when a property owner pays off the outstanding balance of their mortgage bond or sells the property and the buyer pays off the outstanding mortgage bond.
Similar to bond registrations, only certain attorney firms are allowed to cancel bonds on behalf of a bank.
Thorpe & Hands can cancel bonds on behalf of Standard Bank where the seller has paid off the bond or sold the property.
Ayn Rand
A sectional title property refers to a type of property ownership in which an individual owns a “unit” in a property (usually a building). This type of property ownership is common in multi-unit residential complexes such as apartment buildings, townhouses, and gated communities.
The owner’s unit is made up of two components: the individual physical space occupied by the owner (the “section”), and an undivided share in the “common property”, the building structure and common areas such as the swimming pool, gardens, and parking areas. The undivided share effectively makes all unit owners joint owners of the common property.
Owners pay levies to a body corporate, which is responsible for the management and maintenance of the common areas. The levies are calculated on the square meterage of the owner’s section and expressed as a percentage of the total square meterage of the whole property. This calculation is called the “participation quota” and determines the amount of money the unit owner has to pay towards the maintenance of the common property.
Sectional title ownership provides benefits such as shared maintenance costs, security, and amenities, but it also requires owners to comply with the rules set out by the body corporate. These rules may include restrictions on renovations, pet ownership, and noise levels, among others.