Compliance certificates required when selling a property
There are five compliance certificates that the Seller is required to obtain at his/her own cost before the transfer of the property takes place. The following are the necessary certificates: Electrical Compliance Certificate The Electrical Installation Regulations under Section 43 of the Occupational Health and Safety Act, sets out the requirements for obtaining a valid […]
THE INCREASING IMPORTANCE OF FIDELITY FUND CERTIFICATES
Property Practitioners who now need to hold a Fidelity Fund Certificate, unless excluded, to practice in terms of the Property Practitioners Act, 22 of 2019, may have certain questions regarding the application process to obtain the Certificate, its issuing from the Authority and any disqualifications from issuing, its amendment, withdrawal, and lapse thereof. A Property […]
SOOS KAT EN HOND BAKLEI OOR TROETELDIERE IN WOONSTELLE
As jy ‘n troeteldier besit en in ‘n kompleks woon, onderhewig aan die Deeltitelskemabestuurswet, is hierdie artikel dalk net vir jou bedoel. Wat as die regspersoon jou nie toelaat om ‘n troeteldier aan te hou nie? Of wat as jou gidshond of emosionele ondersteuningstroeteldier nie in of om die plek waar jy woon, welkom is […]
IMMOVABLE PROPERTY OWNERSHIP AND SPOUSES
When does a spouse who is entitled to receive a half share in immovable property become the owner of that half share? Does the real right in respect of half share in immovable property vest immediately upon granting of a divorce decree or does a spouse acquire personal right to claim formal transfer in the […]
SELLING A PROPERTY WITH DEFECTS: WHAT YOU NEED TO KNOW
The Purchaser signs an agreement of sale with the Seller. The property is transferred into the Purchaser’s name. A month later, there were heavy rainfalls and the roof leaks. Is the Seller liable to repair the roof or the Purchaser, as the new owner? To understand which party is liable, one must appreciate the difference […]
WHAT A GOOD CONVEYANCING ATTORNEY DOES FOR YOU
Since property transfers are some of the highest-value transactions that you may make in your lifetime, it naturally follows that you need to ensure that you don’t let your money go to waste – especially when choosing someone to handle the process for you. Choosing the right conveyancing attorney can save you a lot of headaches down the […]
THE RISING POPULARITY OF SECTIONAL TITLE OWNERSHIP
Sectional titles have become a staple in the real estate industry over the past decades. And with all the benefits that come with it, it makes sense. Heightened security, lower insurance costs on buildings and outdoor areas, shared maintenance costs with other owners, becoming part of a community, no cleaning the pool on Saturday mornings — it sounds like any […]
IS YOUR PROPERTY AIRBNB-ABLE?
When deciding whether to become an Airbnb host, it’s important for you to understand how the laws work in your city. According to Brett Herron, the mayoral committee member for transport and urban development at the City of Cape Town, different holiday accommodation land-use types, such as B&Bs and guest houses, are regulated by the […]
HAVE YOU FINALLY FOUND THE PERFECT FIXER-UPPER?
Fixer-upper properties. We all know and love them. There’s something about finding the perfect property that might be a little dated or run down and fixing it up to reach its full potential. If you find the perfect fixer-upper, you can maximise your return on investment, but first thing’s first, finding the right property. If […]
FAST FORWARD YOUR PROPERTY TRANSFER
Buying a house is a big decision, one in which the buyer will have invested numerous hours of research, planning and careful consideration. It makes sense then that a buyer would want their property transfer to be finalised as quickly as possible. But while property transfers are of nature a time-consuming process, there are steps buyers can take to make sure the […]