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It is important to be well informed before purchasing into a sectional title scheme.
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A subject that causes a lot of contention within South Africa relates to the claiming of land.
In a sectional title scheme, the question arises of what happens when there is no mention in the title deed or purchase agreement of the presence of a Homeowners Association.
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.
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.
Many people wishing to sell or purchase a property may be ignorant of the various steps that are involved in a property transaction.
Why is the seller entitled to appoint the conveyancing attorney when the buyer is responsible for paying him or her?
In a court ruling in the Pietermaritzburg High Court, an issue was presented when the daughter of Mr Singh, a Mount Edgecombe resident, was fined for speeding on the estate.
It is important that a prospective property buyer understands the various terms of an offer to purchase before completing, signing and submitting one.
A person who enters into a sale needs to be aware of the legal implications that could arise if they decide to pull out of the property purchase which would be a breach of the sale contract.
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