Although they are very important, many body corporate members avoid attending them because they are not well organised. Get your AGMs organised by following these steps.
The collection of special levies in sectional title schemes can cause unnecessary conflict due to stakeholders not understanding the legalities around it
Perhaps you made a decision to buy a property in the name of a company registered with the Companies and Intellectual Properties Commission (CIPC)? Here’s some stuff you need to know!
Is South Africa hoisting another red flag that investors need to watch out for? How are you going to be affected by the new property rights and land distribution laws?
Where the full term of the home loan period is reached and the account reflects a zero balance and the owner elects to keep the home loan open, the owner should be aware that monthly bank service fees as well as the insurance premiums (if applicable) will be levied by the bank for as long as the account is open.
The ramifications and implications of South Africa’s Capital Gains Tax are these days fairly well understood by the business community and those with substantial assets, but the average home owner and smaller property investor have quite often never really investigated or got to grips with the Act.
Owners of units in sectional title schemes who do not pay their levies place an unacceptable burden on the other members of the scheme.
When renting out a property, the landlord should have signed a mandate with his agent if he has employed one, which sets out the terms of the service contract between them.
People who occupy private property illegally are difficult to evict and this process will often take the landlord many months to do, causing great loss in earnings and time.
Having an access bond is one of the smartest ways you can manage your home loan as it allows you to withdraw the extra money that you’ve deposited, when you need it.