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Conveyancing Tag

Hammond Pole Attorneys > Posts tagged "Conveyancing"

Conveyancing fees – what are you paying for

Blog article by: Michelle Orsmond    Purchasing your dream home is one of the most significant investments you will ever make. However, first-time buyers are not always fully aware of the costs associated with purchasing a home and what the services they are paying for entail.   The conveyancing services that a firm typically offers, includes the preparation and gathering of all documents required to finalise the registration of a sale once it is lodged with the Deeds office.   But not all property transactions are the same - each one carries its own delays and challenges, and a conveyancer needs to assist both the seller...

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You’re almost an official homeowner. Here’s a closer look at what happens at the Deeds Office

A blog article by: Brendan Michie  The Deeds Office is responsible for the registration, management, and maintenance of the property registry of South Africa and is responsible for the accurate examination, registration and record-keeping of all property transactions.  It currently takes between 7 and 21 working days for a property to be registered at the Deeds Office.     But what actually happens at the Deeds Office?   In a nutshell, the Deeds Office procedure for registration follows several steps. A deed is examined on both a junior and senior level before arriving at the desk of a senior registrar who confirms whether the deed is passed...

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How the new Property Practitioners Act (PPA) affects you

Property Practitioners Act

The Property Practitioners Act (PPA) officially came into effect on 1 February 2022. It’s an important piece of legislation designed to protect consumers in the property industry. Here’s everything you need to know about the PPA:   In a nutshell, what is the Property Practitioners Act (PPA) all about?  The legislation is a continuation of the former Estate Agencies Affairs Act and the Estate Agent Fidelity Fund. It touches on transformation in the property sector and the regulation of estate agents, also known as property practitioners.    Who counts as a property practitioner?   The new law goes beyond traditional estate agents and includes managing agents, property developers,...

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Donating Property – Know The Law

donating property blog

When deciding about donating property to a family member, it is important to take into account the financial implications as well as understanding the transaction at hand. What classifies as a property donation? Let’s first understand the definition of a donation. This is any gratuitous disposal of property including any gratuitous waiver or renunciation of a right. There needs to be an offer to donate, by the person giving the donation (the donor). The offer will then need to be accepted by the person receiving the donation (the donee). The agreement for a donation must be in writing (when it relates to...

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Subject to or Suspensive Conditions: Everything you need to know about the clause

Subject To Clauses Blog Post

Usually when a so-called “subject to” clause is inserted into an Offer to Purchase, for the purchase of immovable property, it means that there is a condition that must be first fulfilled before the agreement is deemed to have been concluded and the property can be registered in the purchaser’s name.  These clauses are also known as “suspensive conditions” as they suspend the operation of the agreement until such conditions are met.   Ardene Nel, Attorney and Conveyancer at Hammond Pole highlights the most common examples of “subject to” conditions in real estate:   1. The offer is Subject to Mortgage/Bond finance   When a buyer...

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