Real Estate Investor Magazine South Africa March 2015 | Page 36

LEGAL Conveyancer Theft The consequences of stolen deposits by conveyancers are dire BY LEZA KOTZÉ B uyers must be confident that a seller’s choice of conveyancer is sound, as the consequences can be dire if the initial deposit paid by the buyer is stolen. During the course of the sale of immovable property, it is an all-too-common scenario for the contract of sale to require the buyer to pay a deposit to the seller’s’s appointed conveyancer, to be held in a trust until transfe