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Property ownership: read title deed carefully

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Cape Town - Anyone who purchases a home will need to have the title deed transferred into his or her name as proof of ownership.

The document acts as proof of ownership in terms of the Deeds Registries Act, with each property required to have its own separate deed.

The document contains all the necessary details and important information about the property such as a comprehensive description and exact size.
 
Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa, explains that the title deed also provides vital insight into to a property's history; registered owner and previous owners; the purchase price paid by the current owner and some other information elements such as the rules and restrictions surrounding the property.  

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