Sectional Titles Act, 1986 (Act No. 95 of 1986)RegulationsSectional Titles Amendment Regulations, 202140. 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]