Hanlies Properties Paarl - What happens when we've sold - THE TRANSFER PROCESS

The term "conveyancing" describes the legal process whereby a person becomes the registered and lawful owner of fixed property and ensures that his ownership cannot be challenged. "Fixed property" is any land, whether improved or not, such as a house, farm or flat.

Formal conveyancing is also required for sectional title ownership, mortgage bond registration and other rights in fixed property such as servitudes.

This pamphlet deals with the sale of fixed property. The procedures are similar for other forms of transfer of fixed property such as when transfer is necessary by reason of the receipt of the property when it was donated, inherited, exchanged or received out of a divorce and so forth.

A conveyancing transaction involves a chain of steps which begins with a deed of sale and which continues through to the ultimate registration of ownership and the reconciliation of finances and payment.