A deed of transfer is a legal document that indicates the transfer of a property from one person to another. It also indicates the chain of owners. It serves as proof of ownership of the property. The document may also include the following: deed of sale, wills, bonds etc.
The deed of transfer firstly stipulates the name of the conveyancer and the person for whom he/she is acting, as well as the power of attorney of the conveyancer granting him/her the authority to act.
The name of the person to whom the transfer will take place (the transferee) is then stated, followed by an accurate description of the property to be transferred. The transfer does not necessarily have to include a diagram of the property, but will include a reference to the original deed of transfer, to which such diagram is attached, or will refer to a general plan of the residential area or urban area where the property is situated.
The deed of transfer will then set out the various conditions of title that regulate the use of the property. These conditions usually place restrictions on how the land may be utilised. Usually there are other conditions of title that may differ from property to property. For example, a servitude may be in existence which grants the municipality the right to install a drainage system across the property.
As soon as the deed of transfer executed has been submitted to the Registrar of Deeds, the buyer becomes the owner of the property.