Remove someone from the bond
What is the procedure when it comes to removing someone from a bond?
What are the costs involved?
Does it mean that you have to reapply for your own house?
Can someone have more than one property on their name?
Category: Property, General Disputes
Region: South Africa, Western Cape
1 Answer
Hello,
I am somewhat not too sure about your first question…whether you meant changing ownership status in terms of the property registration record as held at the Deed Office or in terms of the mortgage. If it is the later, you have to notify the financial institution responsible. If it is the former, the parties who are in joint ownerhip may approach the deed registrar’s office in the jurisdiction where the property is registered. They will be appropriately guided. Secondly, the lawyer you may engage will advise you on his service costs. Thirdly, yes, an individual can have multiple fixed properties registered his name. Thank you.