PROPERTY DUE DILIGENCE: SALE OF DECEASED ESTATE PROPERTIES
A lot of people have fallen victims of illegal or fraudulent sales of deceased estates property. One should thus act with caution to protect themselves. There are certain legal requirements which must be complied with when a deceased estate property is being sold. It is thus prudent for one to engage a lawyer who can assist with verification of all the necessary documents. Some of the key pointers which one should take note are as follows:
- The deceased estate must be registered with the office of the Master of High Court.
- The property can only be sold by an Executor/ Executrix who is duly appointed as such by the Master of the High Court.
- The Executor/ Executrix must have letters of administration issued by the office of the Master of the High Court.
- The Executor/ Executrix must obtain a Consent from the office of the Master of the High Court to sell the property.
- One must approach the office of the Master of the High Court to verify registration of the deceased estate and the authenticity of the documents obtained from that office.
- A deed search for the property is necessary to confirm ownership of the property and also check if there are any encumbrances on the property (such as mortgage bond, caveat etc.)
- It is also crucial to confirm the identity of the Executor/ Executrix to guard against imposters.
Disclaimer: The information contained on this website is for general information purposes only.
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