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Property & Conveyancing
When considering your options for retirement it is important for you to plan and carefully consider the financial implications that come with the various types of sales transactions.
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The VAT increase from 14% to 15% as of 1 April 2018 has led some to question how it will affect fixed property sales that are in progress or under negotiation.
The rights extended to you and your neighbours are determined by the boundaries between your properties.
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.
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.
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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