by LDF Attorneys | Sep 19, 2018 | Bond, Bond cancellation costs, Costs, Early termination fee, Financial, Mortgage, Property, Property sales, Title Deeds, Transfer of ownership
Question: What is an ‘early termination fee’ Answer: When an owner is settling his bond and it is cancelled in the deeds office, the bank issues cancellation figures to the attorney. If the owner has not given the bank 3 months written notice that he...
by LDF Attorneys | Sep 15, 2018 | Bond, Bond cancellation costs, Costs, Financial, Mortgage, Property, Property sales, Title Deeds
Question: Why must I pay bond cancellation costs on my bond which I have settled in full some time ago? Answer: Although the bond is settled with the bank, the bond endorsement still remains on the Title Deed. The Deeds Registries Act stipulates that the consent of...
