The Release Of Vehicle Ownership Form is a crucial document in South African vehicle transfer processes, designed to meet requirements under the National Road Traffic Act 93 of 1996 and related regulations. This document is essential when transferring ownership of any motor vehicle, whether between private individuals, from individuals to businesses, or between organizations. It serves as official proof of ownership release and includes comprehensive details about the vehicle (including VIN, registration, and condition), the current owner's release declaration, and relevant dates and signatures. The form is commonly used in vehicle sales, fleet management transitions, and other scenarios where vehicle ownership changes hands. It provides legal protection for all parties involved and helps ensure proper documentation for registration authorities and insurance purposes.
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1. Vehicle Details: Complete identification details of the vehicle including make, model, year, VIN/chassis number, engine number, and registration number
2. Current Owner Details: Full name, ID number, contact details, and current residential address of the person releasing ownership
3. Declaration of Ownership: Statement confirming legal ownership and right to transfer the vehicle
4. Release Statement: Clear statement releasing all rights, title, and interest in the vehicle
5. Odometer Reading: Current mileage/kilometer reading of the vehicle at time of transfer
6. Date of Transfer: Specific date when the ownership transfer takes effect
7. Signatures: Space for signatures of the current owner, witnesses, and date of signing
1. New Owner Details: Details of the person receiving ownership - used when the new owner is already known at time of release
2. Outstanding Loans: Declaration regarding any outstanding loans or encumbrances on the vehicle - included if there's financing involved
3. Vehicle Condition: Description of known defects or damage - included when transferring as-is with known issues
4. Payment Confirmation: Details of payment received - included when the release is part of a sale
5. Power of Attorney: Authorization section when someone is acting on behalf of the owner
1. Schedule A - Vehicle Inspection Report: Detailed inspection report showing the condition of the vehicle at time of transfer
2. Schedule B - Vehicle Documentation: List of all documentation handed over (registration papers, service history, etc.)
3. Schedule C - Photographs: Recent photographs of the vehicle showing its current condition
4. Appendix 1 - Proof of Identity: Copies of identity documents of all parties involved
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Fleet Management
Insurance
Legal Services
Vehicle Leasing
Vehicle Finance
Used Car Sales
Corporate Fleet Services
Public Transportation
Relevant Teams
Legal
Operations
Fleet Management
Administration
Compliance
Risk Management
Asset Management
Procurement
Documentation
Vehicle Administration
Relevant Roles
Fleet Manager
Vehicle Administration Officer
Legal Compliance Officer
Transportation Manager
Administrative Assistant
Legal Counsel
Operations Manager
Vehicle Sales Manager
Procurement Officer
Risk Management Officer
Documentation Specialist
Asset Manager
Company Secretary
Business Operations Coordinator
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