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Have you and your partner been thinking about joining the real estate game by buying a property together?
That’s easily understandable. It’s common for romantically involved partners, or even groups of friends to buy properties together. This is mostly because the salary of a young single person usually isn’t enough to cover the kind of bond they would like.
When a party fails to do something they are supposed to do as per the sales agreement then the transfer of property could be delayed.
It is important to be well informed before purchasing into a sectional title scheme.
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.
Estate agents are suppliers of goods and services to sellers and buyers of immovable property and so they fall into the defined criteria of a supplier as highlighted in the Consumer Protection Act.
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