Authority Versus Legal Capacity To Act - Sectional Title Schemes

Before the coming into force of the Sectional Titles Schemes Management Act (8 of 2011) and the Community Schemes Ombud Services Act (9 of 2011), disputes involving owners and Body Corporates were adjudicated upon by the Courts.

How Has COVID-19 Affected the Market Value of Property in SA?

Although South Africa breathed a collective sigh of relief as President Ramaphosa announced the start of lockdown level three as of the 1^st of June, it’s no doubt that COVID-19 has had a severe impact of the market value of property in South Africa.

Your Installment Sale Agreement and The Alienation of Land Act

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.

Dual Ownership of Property - Transferring Shared Ownership

There are many benefits of entering into a dual ownership of property, especially when individual finances don’t allow for single ownership of a home or property.

However, there are complications when it comes to one or more parties involved in the co-ownership of property deciding to cancel the original arrangement.

The Deeds Registries Act Summary and Regulations

The Deeds Registries Act serves to regulate the functions and laws related to title deed transfer as well as the successful registration of title deeds in South Africa.

Beware of VAT on 'going concern' commercial property deals

According to the value added tax (VAT) Act of 1991, if certain requirements are met when selling commercial property as a going concern, the sale of the property may qualify to be zero-rated for VAT purposes.

What VAT increase means for your property transactions

Effective as of 1 April 2018, the will be an increase of the VAT rate from 14% to 15%. Real estate transactions are also affected by the increase. 

Know your rights when living in a sectional title scheme

It is important to remember that the body corporate are just a group of people who have the responsibility of ensuring the scheme is run correctly and efficiently. 

Is the 'rouwkoop clause' still enforceable?

When a rouwkoop clause occurs in a sale agreement of an immovable property, a deposit is paid to the seller which would be forfeited in the event of the buyer withdrawing from the sale agreement. 

Delays that could arise in the property transfer process

Many people wishing to sell or purchase a property may be ignorant of the various steps that are involved in a property transaction.