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PEACOCK, LIEBENBERG
& DICKINSON INC.
ATTORNEYS, CONVEYANCERS &
ADMINISTRATORS OF ESTATES
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BUYERS & SELLERS GUIDE
The Conveyancer, Who Decides
Terms You Need To Understand & Consider
Electrical Certificate Of Compliance
Electric Fence Certificate Of Compliance
Wood Borer Certificate Of Compliance
Gas Certificate Of Compliance
Invasive Alien Plants (IAP)
Capital Gains Tax
Transfer Duty And VAT
Occupational Interests
Bond Cancellation
Who Pays What
Transfer Process And Transfer Timeline
WHO PAYS WHAT
The Seller Pays:
Estate Agent's commission.
The cost of electrical, woodborer and gas clearance certificates (if provided for in the sale agreement).
Costs of cancelling the existing bonds.
Estimate of electricity and water for 3 months in advance, which is refunded after transfer.
Estimate of rates & levies (where applicable) until the expected date of transfer.
Capital Gains Tax if applicable (when income tax is payable).
The Purchaser Pays:
Vat or transfer duty.
Transfer Costs.
Levies after transfer (where applicable)
Costs of obtaining electrical and entomology clearance certificates (on the rare occasion that the sale agreement so provides).
Bond registration costs (to the Conveyancer).
Bond raising fees (to the Bank).
Pro-rata share of advance rates.
CONTACT US
BACK TO BUYERS & SELLERS
DEPARTMENT HEADED BY
Brian Dickinson
Director
brian@pldinc.co.za