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How long does it take to get levy clearance certificate?
The figures should normally be available in 10-14 days and the certificate within 2-3 days once payment has been made. By law, this certificate is valid for the 60 days from the date of issue. A Levy Clearance is only required if the property being transferred is a sectional title.
What is a levy clearance fee?
Uses. It is significant that the \u201clevy clearance\u201d provision in the Act refers to \u201call monies\u201d, not just \u201ccontributions\u201d. This means that non-payment of any costs, or potential costs to the body corporate, can be cited as the reason to withhold the certificate until those amounts have been paid.
What is a levy clearance certificate?
This is a document signed by the conveyancer, which certifies that either all amounts owed to the Body Corporate have been paid, or provision has been made to the satisfaction of the Body Corporate for the payment of all the amounts to the Body Corporate.
Who pays the levy clearance certificate?
Even though the seller pays the levies, the purchaser is liable for the cost of obtaining the actual levy clearance certificate. This is because the latter cost is an administrative disbursement for which the purchaser is generally liable, unless specifically agreed to otherwise by the seller and purchaser.
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... residing within Umdoni boundaries • Levy Clearance Certificate, from the applicable District Municipality • Any other relevant Registration Certificate ...
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