PROPERTY RELATED ARTICLES

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CIPC Reinstatement Search

by philip
posted in CIPC
Is your company de-registered from CIPC (Department of Trade & Industry). A lot of companies have a status of deregistration final due to not complying with the new regulations from the CIPC. Previously a letter from the Deeds Office stating that the company does not own any immovable property was required. New regulations require a search against all 10 Deeds Offices from the official website of the Deeds Office. We have access to...

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Where can I find out if there is a servitude on a property

by Admin
posted in Deeds Office, Surveyor General (SG)
This is quite a common question getting asked by our clients. Servitudes that are registered are shown on the SURVEYOR GENERAL (SG) Diagram. If you want to know the location of a servitude or whether one is registered, then you need to order a copy of the SG DIAGRAM on our website....

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The result on my DOTS search shows REGISTERED but the Deeds Office search still shows the previous owner

by Admin
posted in Deeds Office
This is a question we get quite often. There seems to be confusion about when the actual owner change reflects on the Deeds Office search. Sometimes people think our info is outdated, but that is not the case. We have a LIVE link into the Deeds Office which means our info is as current as it is at the Deeds Office. The reason why this happens is because of the next steps involved in transferring a property. Once a property is registered, it is official...

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How does the Title Deed Numbering Work

by Admin
posted in Deeds Office
Title Deed documents have the following naming convention T1234/1984. The T in front of the numbers is the abbreviation for Title. The next numbers before the / is the number of the title deed and the 4 letters after the / is the year. In this example it is Title Deed Number 1234 issued in 1984....

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What is the difference between a Title Deed and Deed of Transfer

by Admin
posted in Deeds Office
There seems to be a lot of confusion between a Title Deed and Deed of Transfer. Basically it is exactly the same document. Title Deed is just a more common name that is used. The legal documentation submitted when transferring a property is called a Deed of Transfer. We have had quite a few queries regarding this and had to explain that they are in essence the same documents. Next time you order a Title Deed and receive a Deed o...

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mydeedsearch.co.za turns 2

by Admin
posted in News
Wow, another year has passed and what a journey. We have grown immensely over the past year and have introduced quite a few new searches. We thank all our loyal and new customers for their continued support and making mydeedsearch.co.za the preferred choice for obtaining Deeds Office and Property information....

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SARS Toughens up on Property Transfers

by Admin
posted in General
SARS has introduced a new e-filing system as from October 2012. This new system has far-reaching implications for property owners. Not only does this system require valid Tax Numbers for property owners (as in the past) but also for the estate agency involved. It seems that SARS wants everyone involved in the property transaction to have their tax affairs on order. If the estate agency has outstanding tax debt, then the entire property sale can stalled or even cancelled if this debt is...

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Property Bond Registration Process

by Admin
posted in Deeds Office
Who is involved in the bond registration process? The seller an estate agent the buyer a transferring attorney (appointed by the seller to transfer the property to the buyer's name) a bond attorney (appointed by the bank receiving the bond) a cancellation attorney (appointed by the bank cancelling the seller's bond) Note: The same attorney could deal with more than one or all of the above transactions....

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Avoiding Deeds Office Pitfalls

by Admin
posted in Deeds Office
An onerous title deed condition that isn’t discovered in time could delay or prevent the progress of a property development resulting in serious cost implications for the developers. Alternatively, such an omission could be costly when buying or selling property. The deeds registration offices had a system whereby deeds were lodged in duplicate and the Deeds Office would endorse changes of ownership, caveats, interdicts, mortgage bonds, and servitudes against the title deeds. The...

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Property valuations, prices, trends and statistics for most homes in South Africa

by admin
posted in Property Valuations
A property valuation is an estimated market value of a property, determined using a sophisticated statistical calculation. An accurate and detailed property valuation is sometimes called a CAV (Computer Assisted Valuation). Property valuation methods vary but the common denominator remains current, reliable and relevant comparable sales in the street, sectional scheme, block or neighbourhood on which to base your property valuation.Whilst t...

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