Selling your property? One essential document you’ll need is a Rates Clearance Certificate (RCC). At Polaris Real Estate, we’re here to help you understand what an RCC is and why it’s important for a smooth property transfer.

What is a Rates Clearance Certificate (RCC)?

An RCC is a document issued by your local municipality that confirms you have no outstanding rates and taxes on the property you’re selling. This includes both fixed charges (rates) and usage-based charges (like water and electricity).

Why is it Important?

The Deeds Office won’t register the transfer of your property to a new owner without a valid RCC. It ensures the new owner won’t be burdened with any outstanding debts related to the property.

How is it Obtained?

Your conveyancer will typically handle obtaining the RCC on your behalf. They’ll request a breakdown of outstanding charges from your local municipality. Once you’ve settled these charges, the municipality will issue the RCC.

Key Points to Remember:

• Validity: An RCC is valid for 120 days from the issuing date. If the transfer isn’t completed within that timeframe, you’ll need to apply for a new RCC with updated figures.
• Advance Payments: The municipality may include an advance payment for upcoming rates and services in the RCC. This ensures the new owner has enough coverage until their first billing cycle.
• Historic Debts: The RCC doesn’t cover debts older than 24 months. These will need to be settled separately before the transfer can proceed.

Let Polaris Real Estate Guide You Through the Process

Selling a property can be a complex process with many details to consider. Our experienced team at Polaris Real Estate can handle the entire process for you, including obtaining your Rates Clearance Certificate. Contact us today and let us take the stress out of selling your property!