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IDEALLY, each party to a conveyancing transaction should be represented by a solicitor and a solicitor should not represent more than one party in a conveyancing transaction.
MANY of you who are property owners, whether you live on landed property (for example, single storey or double storey houses or bungalows) or in a strata development such as condominiums or apartments, would have in your possession a document called “issue document of title” for landed properties or “strata title” for stratified properties.
BEFORE the Strata Management Act, 2013 (SMA) came into force in June 2015, purchasers of strata properties commonly signed what is called a deed of mutual covenants (DMC).What is the DMC?