Property / Municipal Rates & Taxes Clearance Certificate & Figures – Explained & Examples:
What do Municipal Rates & Taxes Clearance Figures & Certificates look like:
Confused about Municipal Rates & Taxes Clearance Certificate and Figures? Our Frequently Asked Questions page provides clear examples and explanations to help you understand what these documents look like and their significance in property transactions. Below are simple examples what each looks like:
What Are Clearance Figures?
Clearance figures should represent the total amount of Municipal Debt owed on a property. These figures are crucial for property transactions, as they determine whether all outstanding Municipal charges, such as rates, taxes, water, electricty, refuse, sewerage, ie services, have been paid.
To complete a property transfer, a Clearance Certificate is required, which confirms that the last two years of Municipal Debts have been settled. Clearance Figures are issued by the Municipality and must be obtained before the property can be legally transferred or sold.
Property Rates & Taxes Municipal Clearance Figures Example:
What Is A Clearance Certificate?
A Municipal Rates and Taxes Clearance Certificate is an essential document required by the Registrar of Deeds and your Conveyancing Attorney to finalise the transfer of a property. This certificate serves as proof that all Municipal Debts associated with the property have been settled. Specifically, it certifies that all outstanding amounts owed to the Municipality for the past two years have been paid in full.
Property Rates & Taxes Municipal Clearance Certificate Example:
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