Landlords, particularly DIY landlords tend to use a general lease agreement that they have possibly bought from their stationers, but they don’t realise that they can adjust their lease agreements to fit in with their individual needs.
Just on 30% of declines from banks come about because the credit bureaux have data showing that applicants have, at some stage, had a court judgement against them.
Just as tough economic times have had their impact on the housing market and those looking to own property, it has also affected many tenants and landlords within the residential rental market, says Adrian Goslett, CEO of RE/MAX of Southern Africa. He notes that while some landlords may have tenants who are no longer able [...]
Fatal building failures in South Africa, like the collapse of a new Tongaat shopping mall, will proliferate due to a lack of adequate policing of building standards and of building materials.
Advice to landlords has in the last few years been particularly prolific and has definitely contributed to the growing interest in property as an investment – and this is a welcome step forward.
While there are a few rental guarantee products on the market at the moment, Mi-Rent offers an extremely comprehensive product at a competitive rate, the likes of which were until recently available only to rental management companies.
Landlords are often seen as villains who ask for exorbitant deposit fees which they are reluctant to give back, and who press their tenants mercilessly for rent money every month. The truth is, however, that landlords can often feel themselves the victim.
Certain investors, while enjoying the current scenario in which rents are rising fast year-by-year, tend to be very slack about ensuring that their properties – as well as those of their neighbours and communal grounds – are properly maintained.
While the process of purchasing an off-shore investment property may be complex and time consuming, the process of managing the property after the purchase can be demanding.
Investing in property is not without its pitfalls. Any number of glitches can occur during the property transfer process and – as many buy-to-let investors know – tenants can be tricky things to manage. But legal help is at hand.