Property & Conveyancing
It should not be the choice of either the public health or the state of the economy. It is a necessity to safeguard both. Fabricius J
It is imperative that preservation of the economy is of major importance in South Africa's COVID-19 strategy.
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Owners of homes in sectional title schemes may be seeking sectional title levy relief to help them cope financially during these difficult times, considering they are still liable to pay home loans and other personal debt commitments.
When it comes to transfer duty in South Africa, it’s important for to understand what one can expect to pay when purchasing property in South Africa as well as what the difference is between transfer duty and transfer costs.
Buying a property can be a very exciting milestone. However, this is a legally binding contract and should be treated with thought and caution.
Many potential homeowners aren’t aware of what exactly happens once their bond has been approved. Generally speaking, it can take approximately three months after the bond approval for it to be registered.
In August 2018, the Western Cape High Court provided an answer to the question which asked if only one spouse married in community of property may sign a sole mandate agreement with an estate agent or agency.
With the current economic status of South Africa, potential homeowners may be considering the “rent to buy” option which may be the only option for some, especially those who need time to build a good credit history or to save for a deposit.
In certain circumstances, potential sellers and/or purchasers may make use of the installment sale agreement method to buy or sell immovable property in South Africa.
Although there has been much confusion around the lockdown rules in South Africa, there is one thing that has been made clear; running or exercising in your estate or complex is not permitted.
The Property Practitioner’s Act is a brand-new piece of legislation that serves to replace the previous Estate Agency Affairs Act. This new Act sets out to regulate all affairs related to property practitioners in South Africa, as well as to provide for transformation in the property sector and to further support consumer protection.
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