The second and also frequently asked question is about the guarantee of receiving the payment.

Answer: When entering a Deed of Sale, certain Guarantees, undertakings or deposits must be delivered by the Purchaser in order to make sure the finances are in order. Once a deposit is paid, the amount will be kept in an interest bearing account by the conveyancer. Guarantees and undertakings gives the assurance that all finances are in order to be paid over on registration.

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