In the case of divorce, the deciding factor when it comes to transferring immovable property is what is contained in the divorce order and settlement agreement. As a result, it is vital that parties deal with immovable property properly in their divorce order by stating who acquires the property, if and how compensation of the transferring share is to occur, and who is liable for the cost of transfer. Should the property and transfer thereof not be contained in the divorce order, unnecessary delays and costly litigation may ensue.
Worried? Let us help when it comes to legal and property matters.
Contact us today.
031 303 2476 | www.nmalaw.co.za