There are a number of costs involved in buying and selling a property, in addition to the payment of the actual purchase price. Most of the costs are for the purchasers account.
The purchaser is responsible for the payment of:
-
transfer costs - which include transfer duty, at the rate laid down by the government. Transfer duty is payable to the Receiver of
Revenue, and is administered by the conveyancing attorney. - attorneys' fees - for attending to the transfer and registration of mortgage bonds which are calculated according to a tariff.
- other costs - including deeds office tax, postage and petties, and municipal rates.
Please note: We have compiled this information in good faith, but we accept no liability for any errors, or for any use that is made of it, or for any problems or damage that may arise as a result of using or acting upon this information.
