What Are Occupancy Certificates and do You Need
One to Buy/Sell a Home?
Occupancy Certificates certify that a property meets building regulations and is safe to occupy, typically issued after a final inspection of renovations.
Key Points:
Not Legally Required for Transfer: Sellers don’t need an Occupancy Certificate or approved plans for a property transfer, but lacking them can cause issues, especially for buyers needing a bond.
Bank Requirements:
South African banks often require proof of a property's legality, including Occupancy Certificates, for financing.
Application Costs: Applying for an Occupancy Certificate can be costly, with fees up to R2350, plus additional costs for creating as-built plans if needed.
Advice:
Proactive Sellers: Sellers should consider obtaining an Occupancy Certificate in advance to avoid complications and make their property more attractive to buyers.
Real Estate Agents: A good agent will discuss these details with sellers and help navigate the process.
Compliance Certificates for Selling a Home:
Electric Compliance Certificate (ECC): Valid for two years, covering electrical installations.
Gas Compliance Certificate (GCC): Required for built-in gas appliances.
Electric Fence Certificate: Needed after modifications or property transfer.
Water Installation Compliance (Cape Town): Ensures no plumbing defects, correct water meter function, and no stormwater issues.
Beetle Compliance Certificate (Coastal Regions): Valid for 3-6 months, certifying no pest infestations.
Obtaining these certificates helps ensure a smoother sale process and can give sellers a competitive edge.