Those home owners who buy a property with the idea of writing off expenses to reduce their personal tax, should be very clear on what the law states.
Check that builders are NHBRC registered and that the building is formally enrolled, if they’re not, you will not have any recourse in the event of shoddy workmanship.
How to ensure you deal with the right legal property specialist when you sell your property.
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.