| Transfer Attorney - Appointed by Seller, but can be appointed by the Purchaser with the Sellers consent | Bond Cancellation Attorney - Appointed by bank | Bond Registration Attorney - Appointed by Purchaser |
|---|---|---|
| 1. Receive Contract. Apply for bond cancellation and clearance figures from the City council. | ||
| 2. Follow up with purchaser and bond originator regarding the bond approval. | 3. The bond instruction is send to the Attorneys. | 4. They receive their instruction from the the Sellers bank. They request the original guarantee from security. |
| 5. Receive title deed and cancellation figures.Draw draft deed and guarantee requirements. | 6. Receive draft deed and guarantee requirements - Draw documents. | |
| 7. Signature by Seller and Purchaser.Purchaser pay the fees. Documents are send to SARS for payment of transfer duty. | 8. Purchaser sign the bond documents and issue guarantees to transfer attorney. | |
| 9. Send original guarantees to cancellation attorney. | 10. Check guarantees. | |
| 11. Receive transfer duty receipt.Receive clearance figures- request seller to pay the figure in trust account. Pay clearance figures - obtain clearance certificate. | ||
| 12. Lodgement | 13. Lodgement | 14. Lodgement |
| Registration | Registration | Registration |