CONVEYANCING TARIFF INCREASE
Category General News
CONVEYANCING TARIFF INCREASE
The Law Society of South Africa has just published tariff increases in conveyancing fees for the registration of transfers, mortgage bonds and other transactions. The increases are effective in respect of transactions received from 01 May onwards.
Note that :
• the conveyancing fees for mortgage bonds and transfers are now identical, depending on the value of a property or the value of a loan, although the additional expenses and disbursements differ for the two types of transactions.
• Where more than one property is included in the same transfer document (for example, two sectional title units or two exclusive use areas), then an additional 15% applies with regard to the second property.
Author: Welgedacht Properties
