SELLER
AGENT
PURCHASER
Individual, Trust, CC, PTY Ltd
INSTRUCTION TO
VORSTER ATTORNEYS
- Vorster Attorneys request cancellation figures and title deeds from the Seller’s Bank
- Vorster Attorneys request clearance from the City Council / Body Corporate
- Vorster Attorneys receive loan details from the Purchaser’s Bank
- Vorster Attorneys receive cancellation figures from the Seller’s Bank
- Seller’s Bank sends instructions with original deeds to Cancellation Attorneys
- Purchaser’s Bank sends instructions to Bond Attorneys
- Vorster Attorneys draft transfer documents and request guarantees from Bond Attorneys
- Vorster Attorneys see to the signing of transfer documents and payment of transfer costs
by the purchaser. - Vorster Attorneys do the payments for transfer duty, rates and taxes and receive transfer
duty receipt & clearance certificate - Bond Attorneys draft bond documents
- Bond Attorneys see to the signing of bond documents, receive payment of
bond registration cost and deliver guarantees to Vorster Attorneys
- Bond Attorneys see to the signing of bond documents, receive payment of
- Vorster Attorneys receive guarantees from Bond Attorneys
- Vorster Attorneys deliver guarantees with cancellation costs to Cancellation Attorneys
- Cancellation Attorneys receive the guarantees & drafts consent to cancellation
- Vorster Attorneys arrange lodgement
DEEDS OFFICE
10 Working days between each party below:
Cancellation
Attorneys
Vorster
Attorneys
Bond
Attorneys
Lodgement
Preparation
REGISTRATION
Guarantees pay out and cancel sellers existing bond
Lodgement
Preparation
REGISTRATION
Receive Payments from guarantees
Finalise finances & payments to seller, agent, purchaser
Receive credit refund from City Council
Lodgement
Preparation
REGISTRATION
Give instruction to bank to pay out guarantees
Delivery from Deeds Office
Delivery from Deeds Office
Send title deed to Bond Attorney
Close file
Delivery from Deeds Office
Receive title deed send to bank to be held at securities
DEEDS OFFICE
10 Working days between each party below:
Cancellation
Attorneys
Lodgement
Preparation
REGISTRATION
Guarantees pay out and cancel sellers existing bond
Delivery from Deeds Office
Vorster
Attorneys
Lodgement
Preparation
REGISTRATION
Receive Payments from guarantees
Finalise finances & payments to seller, agent, purchaser
Receive credit refund from City Council
Delivery from Deeds Office
Send title deed to Bond Attorney
Close file
Bond
Attorneys
Lodgement
Preparation
REGISTRATION
Give instruction to bank to pay out guarantees
Delivery from Deeds Office
Receive title deed send to bank to be held at securities