SUBDIVISION: THINGS YOU MAY NOT KNOW
SUBDIVISION: THINGS YOU MAY NOT KNOW
Property owners sometimes consider subdividing a property in order to benefit financially from selling off portions of their land. There are quite a few steps to follow.
On the one hand, subdivision must be permitted in terms of applicable zoning provisions, local authority by-laws and provincial legislation. The approval of the local authority is therefore an important requirement. Additional requirements may include obtaining the consent of the applicant’s neighbours, or an engineer’s report regarding services if the subdivision is of a complex nature. (In instances where the subdivision relates to agricultural land, ministerial consent is required.)
On the other hand, the status of the land in the deeds registry must be changed. This entails instructing a land surveyor to draw up plans of the envisaged subdivision(s), which are then submitted to the Surveyor General for approval. Only then can a conveyancer lodge an application for registration of the subdivision. Bear in mind that, if the property is bonded, the bondholder's consent must also be lodged in the deeds office.
30 May 2017
Author Welgedacht Properties
WELCEDACHT PROPERTIES?
021 913 4597