Frequently Asked Questions
FAQ1. What is the procedure to transfer a property?
2. What are the costs
We will furnish you with a preliminary cost account upon request. Please send your request together with your Purchase Price and/or Bond amount to reception@dvpa.co.za
3. What documentation do I need to bring with when I come to sign my transfer documents?
In terms of the Financial Intelligence Centre Act 38 of 2001, and the regulations thereto, DVP Attorneys is compelled to identify and verify the identity of its clients:
1. | NATURAL PERSONS
| |||
1.1 | SA Citizen/Resident | |||
* | ID document containing a photo, full names, date of birth and Identification number. | |||
* | (A passport/driver’s license containing the above information will only be accepted with a written reason for the unavailability of the ID document). | |||
* | Proof of residential address (less than 3 months old). | |||
* | A document(s) confirming Income Tax number as registered at SARS.
| |||
1.2. | Foreign Citizens | |||
* | Copy of passport. | |||
* | Proof of residential address (less than 3 months old). | |||
* | Proof of source of funds.
| |||
2. | LEGAL PERSONS
| |||
2.1 | SA Companies | |||
* | Certificate of | |||
• | Proof of business address (less than 3 months old). | |||
• | Documents as set out above in respect of the manager, all | |||
• | Proof of authority to act for company ie. Director’s resolution. | |||
• | Documents as set out above and proof of address for legal persons holding 25% or more of the voting rights at a general meeting.
| |||
2.2 | SA Close Corporations | |||
• | Founding Statement & Certificate of Incorporation (CK1) & Amended Founding Statement (CK2), if applicable, containing Registrar’s stamp and signed by an | |||
• | Proof of business address (less than 3 months old). | |||
• | Documents as set out above as applicable in respect of each member and all | |||
• | Proof of authority to act for close corporation ie. member’s resolution.
| |||
2.3 | Foreign Companies | |||
• | ||||
• | Proof of business address (less than 3 months old). | |||
• | Documents as set out above in respect of the SA manager, all | |||
• | Proof of authority to act for company ie. Director’s resolution. | |||
• | Applicable documents in respect of legal persons holding 25% or more of the voting rights at a general meeting.
| |||
2.4 | Other Legal Persons (eg. clubs, associations, body corporates, retirement funds) | |||
• | The constitution or | |||
• | Documents as set out above in respect of all | |||
• | Proof of authority to act for
| |||
2.5 | Partnerships | |||
• | Partnership agreement. | |||
• | Documents as set out above in respect of all | |||
• | Proof of authority to act | |||
• | Applicable documents in respect of any legal person or an institution exercising executive control
| |||
2.6 | Trusts | |||
• | The main deed or | |||
• | Letters of authority from Master (SA trust) or foreign regulator (foreign trusts) to trustees. | |||
• | Documents as set out above in respect of an individual founder of the trust, each individual trustee, each individual beneficiary, all | |||
• | A death certificate or certificate of deregistration where founder died or ceased to exist. | |||
• | Documents as set out above in respect of any institutional beneficiaries, any institutional trustees or institutional founder of the trust. |