If your Howick or Midlands property is bonded, the bond must be cancelled as part of the transfer process. This is managed by a cancellation attorney.

Process

• Cancellation attorney appointed (often by the bank)
• Outstanding bond balance settled from sale proceeds
• Cancellation figures obtained from the bank
• Cancellation documents lodged at the Deeds Office with transfer

Bond cancellation costs are typically borne by the seller. See also conveyancing bond cancellation.