TRANSFER COSTS / FEES SPECIFICALLY RELATED TO DECEASED ESTATES

Transfer costs are paid by the Purchasers (“Transferees”) in the transfer process, although it is common practice and the prerogative of the Seller (“Transferors”) to appoint the Transferring Attorney in the matter. If the Seller of property happens to be a deceased estate, meaning that Executor / Executrix sells the property in his or her…

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CAN A PROPERTY TRANSFER PROCEED EVEN IF THERE IS A SHORTFALL ON THE TRANSACTION?

The financial consequences of COVID-19 have had a severe impact on the whole South Africa. Many employees were retrenched, temporarily laid off or received reduced salaries, causing financial strain and being unable to maintain their monthly bond installments. Many home owners might find themselves in the position that they are obliged to sell their properties…

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