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While the subject of death is not usually something we like to focus on, it is however something that needs to be planned to to make things less difficult for our loved ones.
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According to the Estate Duty Act, estate duty is charged on the dutiable value of a property. The rate in South Africa is currently 20% of the estates dutiable value.
It is important to be well informed before purchasing into a sectional title scheme.
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.
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