If you run your own business, you may find it tricky to buy a property – and this applies as much to a first-time home buyer as seasoned property investor.
Sectional title is a complex subject that many people don’t quite understand; it has become evident that there is a need for additional training in the sectional title arena.
Denoon Sampson of the Sandton conveyancing firm, Denoon Sampson Ndlovu Inc, comments on how ineffectual the Property Condition Report is and suggests a better solution. When a disgruntled purchaser telephoned one of our conveyancers to complain that the Property Condition Report was contradictory and therefore, a completely useless document ; we were not surprised. He was [...]
Purchasers of second hand houses have been surprised to learn that the Consumer Protection Act does not offer them any protection – a fact that must cause investors to pause before they dive headlong into such a transaction.
Investors should be aware that the opportunity for companies, close corporations and trusts to transfer property free of transfer duty to a natural person has been extended.
If you are contemplating investing in property, it is worth thinking twice before buying it in a company name. Privateproperty.co.za, with the assistance of Michael Hands from Garlicke and Bousfield, explains why.
Privateproperty.co.za looks at the hype surrounding the supposed bankruptcy of Rich Dad, Poor Dad’s property investment guru Robert Kiyosaki.
Landlords ignore the Consumer Protection Act at their own peril The Consumer Protection Act has far-reaching implications for the landlord-tenant relationship, contrary to the views expressed by some commentators. Strangely, some commentators have questioned whether the Consumer Protection Act even applies to leases. As a general rule, it certainly does, and only in rare cases [...]
A non-paying tenant simply messes things up don’t they? You buy a property, after making a commercial decision as to its viability, yield etc You rely on the monthly rental to gear yourself and to allow you to bask in the glory of the eventual post bond annuity income and the concomitant “capital appreciation”, to [...]
Trustees of body corporates serving sectional title schemes, especially those who have just been elected and are new to the position, are often not aware that the Prescribed Management Rules governing sectional title schemes lay it down that at the first trustee meeting following the Annual General Meeting the trustees must investigate and decide on the insurance policy for the year ahead and this must be ‘adequate’ to meet the scheme’s full needs.