Valid Conveyance (by stages) for Successful Unit Transfer & Proof of Ownership
The FORM 4 page contains all that you need to have in your possession to prove ownership.
Without a valid conveyance, you cannot:
- Be recognized as an owner.
- Sell the property expeditiously
- Transfer utilities.
- Access the property or grant access to a guest.
- Access the HOA Common Areas, roads or amenities.
For a non-Bahamian buyers, the BIA Permit Approval Certificate is required.
The "THIS INDENTURE" page contains redlines, critical to have a color scan. Also critical to have the attorney signature on the left side margin (red), with the date and accurate seller and buyer names required at closing.
Within days, the VAT Stamps (orange) confirming closing attorney has remitted the VAT paid by the buyer should be on this page and a copy sent to the buyer.
4 months but less than
The Signature Pages, Affidavit (Witness) Pages with Signature and/or Notary blocks, for the Conveyance and License to be fully executed, must have Witness signatures and Notary signatures along with the Notary's Stamp and dates.
In the case of a buyer, seller or Developer being a corporation, the Corporate Seal on the corporate officer's signature pages is also required.
The "Recording Page" (last page) in a new conveyance. The left side of the page should have the Closing Date, the sellers and buyer names, accurate description of the property, and the name of the closing attorney law firm.
After 4 months but less than 2 years, the page should return from closing attorney with the dated Recording Stamp, and the right side complete with Attorney name in the lodged
The LICENSE issued and should be included with the Conveyance. Initially signed by all parties and later (4 - 24 months) recorded simultaneously with the Conveyance.
The LICENSE Recording Page should match the Conveyance Recording Page. They both get recorded simultaneously.
Post Recording Documents
Once recorded, the Conveyance document set should also include the Certificate of Registration signed by the Bahamas Investment Board.
The Registrar General's Recording Page is typically the cover page of the "Recorded" Conveyance Document.
The Instrument Data Form is added by the Closing Attorney when submitted for recording and must be stamped upon recording. This page is typically the 2nd page in your "Recorded" Conveyance Document set.