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Many may wonder whether it’s necessary to have a witness signature on a legal document such as sale agreements and contracts. However, a witness signature serves as evidence to the fact that each party to the agreement did in fact sign the document in question.
Organisations are choosing to use electronic and digital solutions such as electronic signatures and communication in order to save time and money. However, many individuals are still sceptical about the validity of electronic signatures and whether or not they are legally binding.
There are many disputes that come from contracts that were based on verbal agreements between two or more parties. Although there is no paper trail that can prove a verbal contract, verbal agreements are as legally binding as written and signed contracts.
Since the change of company laws in South Africa, owning a new close corporation is no longer possible. However, these changes did not affect any close corporations which were already in existence and such CC’s still require regulation as before.
There are certain advantages and disadvantages that come with buying a house in a trust that already exists.
In this article, we discuss the various benefits and implications of purchasing immovable property in the name of an existing trust.
In order to know whether you will be paying VAT or transfer duty in South Africa when purchasing a property, you first need to know how the property is currently registered.
Section 54 of The VAT Act South Africa has been included in order to govern the practical problems faced when goods or services are supplied to and from VAT vendors via agents.
Many new developments are offering a long-term lease as a form of title ownership. Leasing residential property on a long-term basis is an option for individuals who are looking for other ways to occupy property without owning it.
Luxury retirement villages and retirement developments are becoming increasingly popular as South Africa citizens seek a safe place to settle into their retirement.
However, these retirement communities are typically modern and luxurious, resulting in high purchasing prices and consequently, other related fees.
Long-term lease agreements are often overlooked as a potential form of title to property in South Africa. However, long-term rentals can provide more stability and security for both the owner of the property and the tenant or lessee than their short-term counterparts.
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