Document background
The Conveyance Agreement is a fundamental legal document used in South African property transactions to formalize and execute the transfer of immovable property. It is essential when any real estate transaction occurs, whether residential or commercial. The agreement must comply with various South African legislation, including the Deeds Registries Act, Alienation of Land Act, and Transfer Duty Act. It contains crucial information about the property, parties involved, purchase price, transfer conditions, and various warranties. The document serves as the primary reference point for conveyancers handling the transfer process and provides legal protection for both the seller and purchaser throughout the transaction.
