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In the conclusion of property sale agreements, parties commonly include a condition or more that must be fulfilled in order for the agreement to come into effect. These are known as suspensive conditions at law, being future events upon which the coming into force of the agreement will be dependent upon.
It’s important to understand the seller’s rights when selling a house, especially when it comes to claiming interest on delayed transfers.
Just as we are liable to pay taxes on income, purchases and other transaction made throughout our lives, there are taxes for deceased estates too.
The current legislation which exists for the purpose of land use management in South Africa is known as the Spatial Planning and Land Use Management Act (SPLUMA) of South Africa.
The PCR 1 stipulates that no occupant of a sectional title scheme may keep a pet without the written consent of the trustee. Permission to keep a pet in a sectional title scheme must not be unreasonably withheld.
According to the Occupational Health and Safety Act (OHSA), an electrical certificate of compliance for home sellers is required in order for a home to be legally sold.
A rates clearance certificate is a certificate which is issued by the relevant local municipality on application by a conveyancer for the transfer of a property.
The purpose of this document is to prove that all the outstanding debt on the property has been paid by the seller.
An executive managing agent (EMA) is any person who provides a body corporate with management services and thereby receives monetary or other compensation.
Before buying an erf or plot as part of a homeowner’s association (HOA), it is extremely important for the buyer to read and completely understand all of the provisions, including building penalties which are laid out by the HOA’s governance documentation.
Members of a homeowner’s association are required to comply with “commencement of construction” and “completion of construction” dates.
Agreements which stipulate that co-owned property will be jointly owned forever are no longer valid. Any one of the co-owners of a property cannot be denied their right to sell the property whenever they so choose.
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