1. Zoning Of Land

Zoning Of Land Determining usage of property You may not use property for purposes other than that for which it is zoned - these zonings generally being residential, commercial or industrial. However, it is possible to apply for rezoning...

Friday, 06 February 2009 | 583 hits | Print | PDF |  E-mail | Report | Read more

2. WITNESSING OF CONTRACT

Click Here to download Comprehensive Free Offer to Purchase Contract In practice, most deeds of sale used by estate agents contain blank spaces for witness's signatures. It is however not a legal requirement that such a contract be witnessed. Only...

Friday, 06 February 2009 | 638 hits | Print | PDF |  E-mail | Report | Read more

3. Will someone contact me to let me know when the property is registered?

A representative from your conveyancer's firm should contact you as soon as the registration has gone through. You will also be given a final statement of the account. Your estate agent may also phone you to confirm registration. The bank will...

Friday, 06 February 2009 | 319 hits | Print | PDF |  E-mail | Report | Read more

4. Who do I pay my deposit to?

 Depending on what is stipulated in your sale agreement, your deposit is either paid to the estate agency involved or to the Conveyancing attorneys attending to the transfer. Both these professionals should have trust accounts in which your money...

Friday, 06 February 2009 | 325 hits | Print | PDF |  E-mail | Report | Read more

5. Who Appoints the Conveyancer

Click Here to download Comprehensive Free Offer to Purchase Who Appoints the Conveyancer? Firstly I think it is important to be aware that not all attorneys are conveyancers. Conveyancers are qualified attorneys who have studied further and...

Friday, 06 February 2009 | 464 hits | Print | PDF |  E-mail | Report | Read more

6. 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 | 361 hits | Print | PDF |  E-mail | Report | Read more

7. What will my transfer and bond costs be?

Your estate agent and conveyancing attorney should be able to answer this question based on a schedule of bond and transfer costs. The transfer fees depend on the purchase price of the property. Bond costs are calculated on the total loan...

Friday, 06 February 2009 | 1780 hits | Print | PDF |  E-mail | Report | Read more

8. What must happen at the first meeting of the Body Corporate?

Section 36(7) of the Act states that within 60 days of establishment, the developer is obliged to convene a meeting of the new body corporate. The agenda for this meeting, of which at least seven days notice must be given, is prescribed by...

Wednesday, 18 March 2009 | 433 hits | Print | PDF |  E-mail | Report | Read more

9. What is the position with parties signing Deeds of Sale in a representative capacity/on behalf on another person or entity?

What is the position with parties signing Deeds of Sale in a representative capacity/on behalf on another person or entity? I n terms of section 2(1) of the Alienation of Land Act No 68 of 1981, no alienation of land shall be of any force or...

Friday, 06 February 2009 | 1137 hits | Print | PDF |  E-mail | Report | Read more

10. WHAT IS THE COMMON PROPERTY and EXCLUSIVE USE AREAS?

WHAT IS THE COMMON PROPERTY?  This comprises the areas which are utilized by all owners, e.g. the grounds, driveways, roads, recreation facilities, corridors, entrance areas and exterior of the building i.e. whatever does not constitute...

Friday, 06 February 2009 | 5064 hits | Print | PDF |  E-mail | Report | Read more