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Today: Jul 11, 2011
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| What happens at the deeds office? |
| What happens at the deeds office? The conveyancer will lodge the title deed and other documents that he has prepared in the deeds office for registration. The deeds office is a government registry of ownership in all fixed property and other rights in fixed property. If there is a bond to be registered the conveyancer attending to the bond (who is usually not the conveyancer attending to the transfer) will also lodge the bond documents in the deeds office for registration simultaneously with the transfer documents. The examiners in the deeds office scrutinize the documents to ensure that they comply with all relevant legislation and regulations. When they are satisfied, they inform the conveyancer that the deeds are ready for registration and thereupon, in the presence of the conveyancer and registrar of deeds, the transfer of the property is registered in the name of the purchaser. The bond (if applicable) is registered simultaneously. On registration the purchaser becomes the lawful owner of the property. The title deed reflecting his ownership will be released by the deeds office after the registration and will be handed to him by the conveyancer, unless a bond had been registered, in which case the title deed is retained by the bondholder. |
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