There are various factors which affect how long it takes to register a transfer in the Deed's office
and this period will depend primarily on how long it takes for (a) the suspensive conditions to be met,
and (b) the local authority to issue rates clearance figures (rates, electricity & water).
TRANSFER TIMELINE
Action Required
Lapsed Time
1
Wait for and confirm that the suspensive conditions have been met.
As stipulated in the agreement
2
Obtain the Seller's title deed and cancellation figures if the property is bonded.
7 - 10 days
3
Obtain FICA documents from the Purchaser and Seller.
7 days
4
Collect deposits and other cash payments from the Purchaser.
Depending on Agreement
5
Obtain guarantees from the Purchaser's bank.
30 days
6
Ascertain from Local Authority what rates and utility accounts are outstanding and what their requirements are for payment in order to obtain a clearance certificate.
4 - 8 weeks
7
Prepare transfer documents and arrange for parties to sign.
3 - 6 weeks
8
Collect costs from Purchaser and pay transfer duty.
3 - 5 weeks
9
Make payment to Local Authority and SARS to obtain rates and transfer duty clearances.
4 - 10 weeks
10
Lodge documents in the Deed's office.
4 - 12 weeks
11
Track progress in the Deed's office.
7 - 10 working days after lodgement
12
Prepare reconciliation accounts and make payments as required.
