Property & Conveyancing
It is a common misconception that the need for special levies in sectional title schemes was banished with the introduction of the new legislation which regulates the management of sectional title schemes.
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It is now necessary for both residential and commercial tenants and landlords to comply with the provisions of the CPA when it comes to early termination.
It’s important to understand the seller’s rights when selling a house, especially when it comes to claiming interest on delayed transfers.
Although South Africa breathed a collective sigh of relief as President Ramaphosa announced the start of lockdown level three as of the 1st of June, it’s no doubt that COVID-19 has had a severe impact of the market value of property in South Africa.
Although cutting your tenant’s electricity or changing their locks may seem like a good idea at the time, it is in fact a bad idea and automatically puts you, as a landlord, in the wrong.
It should not be the choice of either the public health or the state of the economy. It is a necessity to safeguard both. Fabricius J
It is imperative that preservation of the economy is of major importance in South Africa's COVID-19 strategy.
The property market after lockdown in South Africa will most likely look vastly different with discussion around re-engineering the entire property transaction process.
Bodies corporate are compelled to make provisions for reserve funds on an ongoing basis which fits into the long-term, obligatory maintenance requirements of the scheme.
Owners of homes in sectional title schemes may be seeking sectional title levy relief to help them cope financially during these difficult times, considering they are still liable to pay home loans and other personal debt commitments.
When it comes to transfer duty in South Africa, it’s important for to understand what one can expect to pay when purchasing property in South Africa as well as what the difference is between transfer duty and transfer costs.
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