Owning your own home is a significant milestone. With this achievement comes the responsibility of managing vital documents, such as your Title Deed, a legal instrument signifying ownership of your property. But what happens when this crucial document seems to have disappeared just when you intend to sell your property?
When a property’s bond is paid off, the mortgage bond is cancelled in the Deeds Office and the original Title Deed is handed to the owner. If the owner misplaced or lost the original Title Deed at the time of a transaction, such as a sale, it may create complications. The original Title Deed is required at the Deeds Office for property transfers. In case it’s misplaced, obtaining a certified copy is necessary, but the process can be time-consuming and costly.
The following process must be followed:
A written application per Regulation 68(1) of the Deeds Registries Act, publication of a notice of intention in a local newspaper, an inspection period of 2 weeks for potential objections, and further lodging at the Deeds Office. For mortgaged properties, the bondholder’s consent is also required.
Author: STC_wsi
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