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Sectional Titles Act, 1986 (Act No. 95 of 1986)

Regulations

Sectional Titles Amendment Regulations, 2021

40. Conveyancers' files

 

(1) Every conveyancer shall keep in his or her file the respective documents set out in Annexure 6 to these Regulations in respect of the following transactions:
(a) Transfers of ownership in terms of section 15B(1)(a) of the Act;
(b) transfers of ownership in terms of sections 17(3), 19(3) and 34(4) of the Act; and
(c) sectional mortgage bonds referred to in section 15B(1)(c) of the Act in respect of which he or she has signed the bond as preparer.

[Regulation 40(1) substituted by regulation 24 of Notice No. R. 2653 dated 8 November 1991]

 

(2) The conveyancer who has prepared the documents contemplated in subregulation (1), shall retain his or her file, with such documents as is prescribed relating to the transaction in question, for a period of at least six years after the date of registration of such document.

 

(3) Every conveyancer shall take such reasonable precautions for the safe custody of his or her file as may be necessary.

 

[Regulation 40 substituted by regulation 17 of Notice No. R. 1422 dated 31 October 1997]