31 Jul Giant leap for Deeds Office with first electronically signed registration
In a historic development that could spell faster and more efficient conveyancing processes, the South African Deeds Office has registered its first electronically signed property transfer.
The property of Zelda Lendon (68) was registered in the Bloemfontein Deeds Office early July with the Power of Attorney to Transfer Property electronically signed by both the client and the conveyancer. The electronic signing was completed using one of the country’s leading digital signature platforms, Lexis Sign, which is underpinned by the Electronic Communications and Transactions (ECT) Act and also meets international standards for digital signatures.
Although the documents still had to be lodged manually, the process marked a giant leap forward in the Bloemfontein Deeds Office’s ongoing quest for innovation that improves deeds registration. With only nine deeds offices in the country, the global move towards digital signatures could help to overcome some of the efficiency, cost and logistics challenges experienced in the conveyancing field.
Conveyancing attorney, Gerda Janse van Rensburg, from innovative firm, Neumann van Rooyen Attorneys in Welkom, took this ground-breaking step to use electronic signatures on documents registered in the highly regulated Deeds Office.
She said: “This will hopefully evolve into a complete electronic property registration and mortgaging system in the near future. It will drastically improve property registration turnaround times benefitting Sellers, Purchasers, Estate Agents and credit providers alike.”
Property owner Lendon agreed that the process was fast and hassle free, saying: “What a painless, efficient and fast process. It made my transaction so much smoother and I am excited to be a part of this initiative.”
The Electronic Communications and Transactions Act Chapter 3 part 1 gives legal recognition to electronic documents and recognises that electronic documents and signatures can serve as the electronic functional equivalent of their paper-based counterparts.
Although the ECT Act does not prescribe what type of technology must be used, examples of electronic signatures include: your typed name at the end of your e-mail, signing with signature tablets used in banks and other retailers and the so-called digital signature, among others.
The ECT Act also creates a special type of electronic signature, known as an “advanced electronic signature” (AES), which is a particularly reliable form of signature. Where a law (such as the Deeds Registries Act) requires a signature, only an AES will be valid. The use of an AES by conveyancer is a legal requirement for the Power of Attorney to Transfer Property.