Best answer: Can you sell a house without a certificate of occupancy South Africa?

It is not advisable to sell a property without 1) a full set of approved plans / planning permission from Council and 2) an Occupation Certificate. An illegal / uninspected building is not insured, this could lead to substantial losses in the event of fire / flood etc.

Can I sell property without OC?

In the absence of a valid OC, your building can be demolished as it can be classified as an unauthorised structure. The OC is crucial while applying for a home loan or loan to purchase a resale flat. If you wish to sell or hypothecate the property after a lapse of time, you will not be able to do so without a valid OC.

What certificates are needed when selling a house in South Africa?

There are five certificates that must be supplied when you sell your home, namely electrical, gas, electric fence, water/plumbing and beetle certificates. These certificates must be obtained at your own cost and anything that needs to be fixed must be fixed by you.

Can you sell your house without a completion certificate?

A completion certificate is issued when any building work done in your property is inspected and approved by professional building control surveyors. Although you can sell your home without a completion certificate, you may not get as much for it. …

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Why is Occupancy Certificate important?

Occupancy certificate is issued when a property is ready to be occupied. This certificate indicates that the building is equipped with civic needs such as sanitation, water, and electricity. This is a very important document, and the prospective buyers of an upcoming apartment should necessarily ask for this.

How important is occupancy certificate?

What is the importance of an occupancy certificate? … The certificate is an indication that the building is suitable for occupancy. An OC is required, when applying for water, sanitation and electricity connections. For home owners, an OC is necessary to cement the legal status of the property they own.

Who pays for the CoC certificate?

Sellers are responsible for providing certificates of compliance (CoC), but buyers also need to know what they entail. When you sell a property you need to provide compliance certificates for electrical, gas and electric fence installations before the property can be transferred to the new owner.

What legal requirements are needed to sell a house?

What Documents Do You Need to Sell Your House?

  • Proof of your identity. …
  • Property title deeds. …
  • Shared freehold documentation. …
  • Energy Performance Certificate. …
  • Management information pack. …
  • Fittings and contents form. …
  • Property information form. …
  • Mortgage details.

What happens if there is no completion certificate?

Buildings insurance may be invalid without a completion certificate. It’s important to remember that if there’s no completion certificate for alterations to your property, your insurance company may refuse to pay out and you may have to cover the cost yourself.

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Can I sell my house without building regulations certificate?

Yes, you, even if the previous owner was the one who made the building alterations. This means that if you don’t make the appropriate actions and the building regulation standards aren’t met, you can get fined or even face court proceedings.

Do you need an electrical certificate to sell a house 2021?

When selling a house, there is no legal obligation to provide a buyer with any electrical safety certificate. When selling a house the potential buyer may want to perform a safety test on both gas and electricity for their own assurance. …

Is occupancy certificate required for home loan?

Scenario 1: OC is not required when you apply for a home loan for a property that is under construction. … He applied for a home loan, which was approved as the property was under construction. Scenario 2: In the case of a newly constructed property, the builder has around 12 to 18 months to obtain an OC.

Is OC required for individual house?

It is required for commercial buildings and for residential buildings that have more than five units. OC is issued for an entire building, or a part thereof, and is not given to individual flats.