ADDITIONAL REQUIREMENTS FOR SUBSTITUTING LOST TITLE DEEDS APPLY FROM 25 FEB 2019
Property owners please be aware that as from the 25 February the requirements for substituting lost title deeds will be a lot more onerous.
Property owners that had lost their original title deeds had a relatively easy and cost-effective solution by getting their attorney to request a certified copy of the title deed from the Deeds’ Office with a signed affidavit from the property owner.
Regulation Gazette No. 42186 of 25 January will, from 25 February, require that –
• The affidavit now has to be attested by a notary public.
• The application must now be advertised in the Government Gazette, and for 2 weeks after publication must lie open for inspection by the public at the Deeds Registry.
These represent additional costs and delay.
If you own property, and whether or not you have thoughts of selling in the near future, we suggest that you confirm whether you have your original title deed. If not, contact your attorney to assist before the 25 Feb.
Act now, before the new requirements apply.
The new Regulations apply equally to lost mortgage bonds, notarial bonds, registered leases and holders of real rights.