Property Attorney fees explained | South Africa
Conveyancing is the process of transferring ownership of the property from one person to another, or a company or trust, and the conveyancing fees are what the buyer pays the attorney who conducts this legal process. Fees are variable based on guidelines issued by the Law Society of South Africa. They are calculated on the purchase price of the property or the capital amount of the bond add to that, the conveyancing attorney will charge additional fees for every service they complete, from requesting cancellation figures to preparing relevant documentation, applying for rates clearance, transfer duty and conducting deeds office searches. The seller usually appoints the conveyancing attorney and the Bank appoints its own attorney.
Join Johan Muller from Snyman De Jager Attorneys / Prokureurs and Amoré Van Der Ende from Margie Pienaar Estates as they unpack this valuable content.