Conveyancing Fees - May 2021

22 Apr 2021 12:00 am

The Law Society of South Africa (LSSA) recently published its most recent Conveyancing Fees Guidelines.  These apply to instructions received as from 1 May 2021.

This fees guideline applies to instructions received as from 01 May 2021, and conveyancers must note that Conveyancing fees are negotiable as they are merely guidelines and not minimum fees.  The guideline consists of the following documents:

  1. Conveyancing: Conventional Deeds (Act 47/1937): Guideline of Fees
  2. Conveyancing: Sectional Titles (Act 95/1986): Guideline of Fees
  3. Interprovincial Apportionment Guidelines: Sectional Titles
  4. Interprovincial Apportionment Guidelines: Conventional Deeds
  5. Conveyancing fees and Apportionment of fees: Alienation of Land Act

The Conveyancing Tables will be updated this month to reflect these new fees, as will LexisConvey.

Value of Property or Bond

Recommended Guideline

< = R100 000

R5 400

Over R100 000 up to and including R500 000

R5 400 plus R860 per 50 000 or part thereof above that

Over R500 000 up to and including R1 000 000

R12 280 for the first R500 000 plus R1 660 per R100 000 or part thereof above that

Over R1 000 000 up to and including R5 000 000

R20 580 for the first R1 000 000 plus R1 660 per R200 000 or part thereof above that

Over R5 000 000

R53 780 for the first R5 000 000 plus R4 200 per R1 000 000 or part thereof above that

 

LSSA Conveyancing Fees Guidelines 1 May 2021