Conveyancing

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Conveyancing & Bond Registrations

Real estate law is the civil law that covers rights to possess, use, and enjoy land and the permanent manmade additions attached to it. This includes
  • the capacity to hold interests in real property,
  • permissible interests in real property,
  • relations between owners,
  • relations between owners and the community,
  • landlord and tenant relations,
  • the transfer of interests in real property, and
  • real property financing, including
  • deeds and
  • mortgages.
Real estate transactions, such as
  • purchases,
  • sales,
  • leases,
  • servitudes,
  • fragmentation,
  • opening of a township register,
  • sindication,
  • subdivision,
  • consolidation,
  • etc
are governed by statute, common law and practice rules and policies, complex to a large extent, and demands legal expertise.

We are proud to serve all the banks in our geographical area (Absa, Fnb, Nedbank, Standard Bank).

 

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   Esselens Engelbrechts Inc.

             Registration no 1999/016114/21 Vat no 4400183952
                  KOMATIPOORT, MALALANE, NELSPRUIT

        Attorneys

     Conveyancers  & Notaries 

Appraisers & Estate administrators


 

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Required and Types

Bond & Transfer Costs

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Buyers and sellers alike need definition of costs and expenses to be incurred when entering into a transaction. The fees and costs are dynamically adapted from time to time, given statutory changes, Deed Office regulations, changes in the Law Society’s guidelines and municipal indicators. In Nkomazi and Mbombela five times a monthly municipal account is not uncommon, when clearance figures are requested. This should be borne in mind by potential buyers. Similarly the initiation fees of the bank may change, and cancellation attorney costs are not always exactly the same, and it is not predictable. Indicators could at best only be indicators. Bond calculators enable users to calculate monthly bond repayments required on a user defined bond amount (property purchase price less deposit amount), annual interest rate percentage and a bond period in years. The lead

 

assists buyers and sellers to discover reliably the expected costs and expenses, with regards to the following: 

  •  Monthly Bond Repayments 
  •  Bond Affordability 
  •  Minimum Net Disposable Income 
  •  Increased Instalment 
  •  Amortisation Table 
  •  Transfer & Bond Costs 
  •  Bi-Weekly Bond Repayments

Required from the client in conveyancing matters

One should take in mind that the Financial Intelligent Consumers Act regulates also these matters. The following are required from the transferors and transferees:

If private people:
  1. Copies of id’s
  2. Copy of marriage status (married in/or out of community of property/divorced)
  3. Proof of residential address
  4. Physical address
  5. Postal address
  6. Contact numbers
  7. Income tax number
  8. Contact details of next of kin
  9. Original title deed in the event of unbonded properties being sold
  10. Consumer account related to this property: copy and detail
  11. Details of the Bond account holder and account, in the event of bonded property/ies
If legal entities:
  1. Full particulars of the legal entity, name, registration number, Vat number, shareholders, directors
  2. Confirming letter from bookkeeper/auditor
  3. Proof of status of legal entity as active vendor/trader
  4. Physical address
  5. Postal address
  6. Contact numbers
  7. Income tax number (and Vat number)
  8. Contact details of next of kin
  9. Original title deed in the event of unbonded properties being sold
  10. Details of the Bond account holder and account, in the event of bonded property/ies