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12. Registration and proceeds

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12. Registration and proceeds

Category Buyer Guide

The conveyancer lodges the necessary documents at the Deeds Office to register the deed of sale. Ownership passes from the seller to the purchaser. 

The buyer's 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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