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11. Registration and proceeds

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11. Registration and proceeds

Category Seller Guide

The conveyancer lodges the necessary documents at the Deeds Office for registration. After registration ownership passes from the seller to the buyer. The buyer's new bond is registered and the seller's existing bond is cancelled, if applicable. The guarantees are paid to the conveyancer, where after the seller receives the net proceeds less the estate agent's commission. The new owner takes occupation of the newly bought farm.

Author Agrisell
Published 31 Mar 2021 / Views -
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