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Deeds office slowdown

18 Jul

oostco-july-article4-blogNoteworthy delays have been experienced in the Deeds Office in the last while. These delays affect the duration and finalisation of transfers and we therefore wish to inform you of the following:

The current Deeds Office turnaround times are:

1. On Tuesday 2 July 2013, 1st level examiners examined deeds lodged on 25 and 26 June 2013.

2. On Tuesday 2 July 2013, 2nd level examiners examined deeds lodged on 12 and 13 June 2013.

3. This translates into a turnaround time of between 15-16 working days in the examination phase.

4. The reality is that a batch of three deeds, i.e. a basic transfer, bond cancellation and new bond, actually took 19 working days to come up for registration as at Monday, 8 July 2013.

5. The Deeds Office can be approached after 7 days to expedite the transfer if a rates clearance is about to expire and they will accept an extended rates clearance in these situations. This is very helpful for the transferring attorneys.

For further details herein or any assistance regarding your property affairs please contact Meyer De Waal (meyer@oostco.co.za) or Mark Witzmann (mark@oostco.co.za) on 021 461 0065.

 
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Posted by on 18/07/2013 in Transfers

 

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