Refund from the Local Authority after registration

Will I get a refund from the Local Authority after registration and how does it work?

Property Blog Articles | Advice | Contractual Matters | Market News

This is a lengthy process at best but after registration the Local Authority will furnish the Seller with a refund.

The local authority first must close the seller’s account before the refund can be processed.  With most councils the closure of the account can only be done after the period for which the clearance was valid for has lapsed.

Once the account is closed the credit is processed and paid out either directly to the seller or to the transfer attorney that attended to the registration.

The best way for any seller to ensure that he receives his refund timeously is to personally follow up with council on a continuous basis until the refund is processed.  Some councils have forms available that can be filled in to close the account and speed up the process.

Remember to take your registration letter from the transferrring attorneys with you as confirmation that transfer took place.

1262

Recommended for you

Property Transfers | Bond Registrations | Snymans Attorneys
Sectional Title Governance

Sectional Title Units and Body Corporate Rules

6415

Here is what you need to know about buying into a Sectional Title Scheme and what to expect from Body Corporate Rules.

Read More
Sectional Title Governance

Upkeep and repairs in sectional title schemes

9502

You just took transfer and became the proud owner of a unit in a sectional title scheme. After the first summer rains you notice, with dismay, that there are damp stains on the outer walls of your unit. You inform the body corporate, who, by way of their trustees, indicate that the said damp must be fixed by you as the owner of the unit.

Read More
Sectional Title Governance

Fining a member in a sectional title scheme

15215

Sectional title schemes rely heavily on its members to ensure the effective functioning and operation of the scheme. While often not the first port of call, should other avenues have already been explored, there are situations in which a member of the sectional title scheme may be fined for contravening management or conduct rules.

Read More
Property Transfers | Bond Registrations | Snymans Attorneys
Sectional Title Governance

Homeowners Associations (HOA) and Body Corporates – same, same but different

16891

For a number of reasons, popularity of sectional title schemes and homeowners associations have risen over the last couple of years, including better security options, affordability and unique living spaces. Understanding the differences between these two bodies is a must for any prospective home buyer in modern day communal living.

Read More
Property Transfers | Bond Registrations | Snymans Attorneys
Sectional Title Governance

Selling a sectional title unit

17730

Sectional title units have grown in popularity over the last number of years because of the increased security and affordability that these units offer. This is particularly true for first-time buyers or young couples starting out.

Read More

Need more Snymans content?

Sign up for our monthly newsletter.

Refund from the Local Authority after registration

Will I get a refund from the Local Authority after registration and how does it work?

Property Blog Articles | Advice | Contractual Matters | Market News

This is a lengthy process at best but after registration the Local Authority will furnish the Seller with a refund.

The local authority first must close the seller’s account before the refund can be processed.  With most councils the closure of the account can only be done after the period for which the clearance was valid for has lapsed.

Once the account is closed the credit is processed and paid out either directly to the seller or to the transfer attorney that attended to the registration.

The best way for any seller to ensure that he receives his refund timeously is to personally follow up with council on a continuous basis until the refund is processed.  Some councils have forms available that can be filled in to close the account and speed up the process.

Remember to take your registration letter from the transferrring attorneys with you as confirmation that transfer took place.

1262