Signed, Sealed, Sold!The conveyancing & Notary column.

YOU OWN A PROPERTY?    … PROVE IT!

You signed the offer to purchase, secured your purchase price and the property was registered in your name.  

The conveyancer has notified you that the title deed has been sent to your bank as their security if bonded, or retained in safekeeping with them, or, further still, the original title deed is ready for collection.

Six years later you want to upgrade (or downgrade) and decide to sell your property … where is your title deed now?

A title deed is the document that proves your ownership of a property. It sets out who you bought from, your details, the property description, as well as the date and purchase price of the property, and the conditions of ownership.  

It is therefore of utmost importance to know where your title deed is, specifically, as this document needs to be submitted in its original form when required to pass transfer to your buyer on a successful sale.

It often happens that a title deed goes missing or is destroyed in error.  While it is not too much of a dilemma, a process exists through the services of a conveyancer. This attracts some fees and disbursements to secure a duplicate original title deed.

An application is prepared, signed together with an instruction for placing an advertisement in the local newspaper.   Once the advertisement has run, the Deeds Office is notified and a period of fourteen days is allocated for any objections.  Once this period has lapsed, the documents are prepared and submitted to the Deeds Office for issue of a new title deed.  

It is therefore key that your deed of ownership is found, or at the very least you know where the original is for future transactions.  

RATHER ACT SOONER THAN LATER, FOR PEACE OF MIND.

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