The Seller is responsible for the costs but is the responsibility of the conveyancers to make sure it paid. The conveyancers have to request a rates assessment from the Rates Dept which then includes an estimate of the seller’s account relating to the electricity, refuse and water as well as rates. The rates assessment issued is usually issued for a period of 4 months. On registration the conveyancers then pro-rata the assessment, as all amounts paid prior to date of registration is for the Seller’s account and any rates paid from date of registration to the end of the assessment period is payable by the Purchaser. This results in the Seller invariably ending up with a credit at the rates department, as they in the interim are still paying their accounts. The Rates Dept should then pass this credit on to the Seller by way of their monthly billing system.
- reply thanks to AMC Hunter Attorneys – Hettie Ellis [Hettie@amchunter.co.za]