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Property & Conveyancing
Buying a property can be a very exciting milestone. However, this is a legally binding contract and should be treated with thought and caution.
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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.
Calling on all real estate agents in Johannesburg and Cape Town to take part in important training and workshops related to the real estate industry. Providing training for property practitioners in South Africa is one of the cornerstones of our law firm and we are quickly filling up our calendar with workshops relevant to property professionals.
The amended Property Practitioners Act intends to regulate the business and functions of estate agents, estate agencies, property brokers, bond brokers, marketers and providers of bridging finance. These individuals are now referred to as property practitioners.
The process of selling a house in South Africa can be a lengthy one and many consumers are unaware of what it takes to successfully sell a house or property. Therefore, we have put together a consumer’s guide to selling a house in South Africa, which aims to answer the most important questions related to the matter.
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