How much are the transfer and bond costs?

We follow the relevant guidelines. You can have a look at the guidelines by clicking on this link (the transfer and the bond costs are linked to the relevant amount; in other words, the purchase price or the bond registration amount determines the costs): https://costcalculator.korbitec.com/53760037-9d42-4561-bc14-65285fc484b5 We shall provide you with the costs applicable to your […]

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How long does the transfer of a fixed property take?

Anything between four weeks and four months or sometimes even longer. The time frame depends on various circumstances beyond our control; for example, the cooperation we get from the banks, the municipalities (issuing of clearance figures and clearance certificates), SARS (issuing of the transfer duty receipt), transferring or bond attorneys attending to linked transactions, the […]

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Owner, where is your title?

For any transaction regarding land in the Deeds Offices, the Deeds Registries Act, 47 of 1937 requires that the original deed(s) be lodged. If  the original is lost (or the original cannot be found) one must apply for a replacement copy thereof. The Regulations regulating the replacement of original Deeds changed again recently. The previous […]

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Should I purchase the Shares or the Property?

The purchaser has found a house that is in the market for R2m. The seller informs him that the house is registered in the name of a company. He suggests to the purchaser that the shares in the company are sold and transferred instead of the property. Would this be a good idea for the […]

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Relocation of farm workers

In practice, we often deal with farmers who want to know what their rights are in respect of retired farmworkers who still reside on their farms. They usually want to know whether they can relocate them to a different house on the farm. A similar question was answered in the case of ORANJE AND OTHERS v ROUXLANDIA INVESTMENTS […]

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17 interesting facts and tips on sale of land agreements

A contract of sale of land signed by the seller and the purchaser is valid even if no witnesses signed the contract. A contract of sale of land can be concluded on behalf of a company to be registered. A contract of sale of land cannot be concluded on behalf of a trust to be […]

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