We combine knowledge of real estate assets and operating businesses with corporate and finance expertise and provide our clients with tailored professional services.
Our specialists provide assistance in connection to:
- Title verifications
- Land utilization, zoning, administrative regulations
- Structuring of real estate transactions
- Investment vehicles, acquisition and disposals
- Leasing, rental, concession, property management
- Financing, mortgages and others
- Construction works (receiving construction permits, communicating with state authorities in respect to the construction process)
- Property development
We provide fast and reliable title clearance and handle the required registrations on behalf of our clients.
What Is Conveyance And What Does It Entail?
Conveyancing (or conveyance) is the legal term for the process whereby a person, company, close corporation or trust becomes the registered and legal owner of immovable property and ensures that this ownership cannot be challenged. It also covers the process of the registration of mortgages.
After an agreement of sale has been made, a conveyancer is appointed (invariably by the seller, who must also pay the fees) and instructions are sent to him by the estate agent, including the names of the buyer and seller, a copy of the agreement of sale, and the passport numbers and marital status of the buyer and seller. The conveyancer then drafts the following documents:
- A power of attorney to pass transfer – This must be signed by the seller because it allows the conveyancer to transfer the property on his or her behalf.
- Declaration in respect of marital status, identity number and insolvency – The buyer and the seller must sign an affidavit in which they confirm their marital status and passport numbers and that they’re solvent.
- Transfer duty and value added tax (VAT) declaration – The buyer and seller must sign this to confirm the purchase price, which is conveyed to the Receiver of Revenue for the calculation of transfer duty (normally paid by the vendor). VAT is applicable only if the seller is VAT-registered, in which case he must sign a VAT declaration. If VAT is payable, no transfer duty is payable.
- Mortgage (bond) documents – If you’re obtaining a mortgage from a financial institution, the lender will require you to submit your identity document, marriage certificate and, if applicable, pre-nuptial contract in order for his own conveyancer to draw up the necessary documentation.