11. When are the transfer costs due and to whom are they paid?

A few weeks after the sale, when you sign your documents, your conveyancer will request that you pay the transfer costs. The Conveyancing attorney has to pay the transfer duty - the major charge on most transfers - in advance, as well as the...

Friday, 06 February 2009 | 363 hits | Print | PDF |  E-mail | Report | Read more

12. The South African land registration system.

Almost all land has been surveyed by a qualified land surveyor which survey is reflected on a surveyor general diagram, which is get in the offers of these surveyor general.  Further to the above all these surveyed land is a registered in the...

Friday, 06 February 2009 | 531 hits | Print | PDF |  E-mail | Report | Read more

13. Understanding a Usufruct.

A Usufruct is a legal institution in which someone, who is not the owner, is given the right to use and enjoy the profits and advantages of something belonging to another as long as the property is not damaged or altered in any way, for a...

Friday, 06 February 2009 | 6715 hits | Print | PDF |  E-mail | Report | Read more

14. The Definition of a Servitude:

A servitude is a registered right that a person has over the immovable property of another. It allows the holder of the servitude to do something with the other persons property, which would not normally be allowed. An example is the right of...

Friday, 06 February 2009 | 993 hits | Print | PDF |  E-mail | Report | Read more

15. Suretyship - Explained!

When applying for a home loan with a financial institution, and your income and asset value does not cover the required loan you are applying for, the bank may ask you to get someone to stand as guarantor for your load, meaning that if you do...

Friday, 06 February 2009 | 2899 hits | Print | PDF |  E-mail | Report | Read more

16. Rental Deposits

Section 5 of the Rental Housing Act, No 50 of 1999 allows a landlord to take a deposit from a tenant prior to them moving in to the property. The deposit must be stipulated in the lease agreement. It is conventional practice to pay...

Friday, 06 February 2009 | 799 hits | Print | PDF |  E-mail | Report | Read more

17. Rezoning or Subdividing Your Property.

You need to apply to the local authority to re-zone or subdivide a property. Your application can take anything from 6 to 4 Years to be approved or declined. The documentation required is very involved and expensive, it is advisable to seek...

Friday, 06 February 2009 | 4601 hits | Print | PDF |  E-mail | Report | Read more

18. Cancellation Fees

Cancellation Fees When your home loan is repaid in full, or you cancel the loan due to the sale of the property, and you wish to cancel the existing bond over the property, an attorney will be instructed to handle these proceedings. There...

Friday, 06 February 2009 | 2727 hits | Print | PDF |  E-mail | Report | Read more

19. Choosing a Stand

Consider the following, when searching for the perfect stand on which to build your dream home:  Check the title deed to make sure that there is no building or zoning restrictions that would hamper your dreams, or servitudes that are...

Friday, 06 February 2009 | 336 hits | Print | PDF |  E-mail | Report | Read more

20. Sectional Title in a nutshell

Sectional Title Examples of sectional title units are flats, townhouses, semi-detached houses, duet houses, holiday apartments, shops or office blocks. In the case of sectional title units, different people each own a portion of a building or...

Friday, 06 February 2009 | 581 hits | Print | PDF |  E-mail | Report | Read more