Under the Financial Intelligence Centre Act (FICA), South African conveyancers are required to verify the identity and source of funds for all parties involved in a property purchase.
Missing FICA documentation or outdated utility bills are the most common reasons property deals get stuck. Knowing what to submit beforehand is critical.
Mandatory Documents Checklist
Ensure you have certified, clear soft-copies of these vital files handy:
- Identifications: Valid green barcoded ID book or first-generation smart identity card.
- Address Verification: Municipal invoice, bank statement, or formal lease agreement showing your current physical address (no post office box addresses) that is less than 3 months old.
- Tax Mandate: Formal SARS income tax reference confirmation document.
If you are transacting as a corporate entity (such as a private company or trust), you will also need to submit official registration files (CIPC docs), directorship IDs, and trust resolutions.