21. VAT, TRANSFER DUTY AND STRUCTURING PROPERTY TRANSACTIONS

 The general rule is that when a seller is not a registered VAT vendor, transfer duty is payable on the purchase price by the Purchaser. However, when the seller is a VAT vendor, then VAT is payable on the purchase price by the Seller. As a...

Friday, 06 February 2009 | 2604 hits | Print | PDF |  E-mail | Report | Read more

22. Using the Section only for the purpose it was intended

Section 44(1 )(g) of the Act states that a section can only be used for the purpose for which it is intended, although with the written consent of all the other owners, it can be used for a different purpose. The effect of this is that an owner...

Wednesday, 18 March 2009 | 286 hits | Print | PDF |  E-mail | Report | Read more

23. 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 | 6722 hits | Print | PDF |  E-mail | Report | Read more

24. Transfer and Bond Cost Calculator Courtesy of Louwrens Koen Attorneys and Conveyancers

South African Property Law and Conveyancing No Transfer Duty from Company, CC or Trust Transfers can take place from a Company, Close Corporation and Trust to its Shareholder / Member or Beneficiary free of...

Tuesday, 27 October 2009 | 27369 hits | Print | PDF |  E-mail | Report | Read more

25. Tips on Buying Property

Buying a property is most people’s biggest financial commitment. Most also look at it as a long life investment. So why not take time and do it right? Buying a property might be time consuming, expensive and frustrating but in today’s...

Monday, 09 February 2009 | 712 hits | Print | PDF |  E-mail | Report | Read more

26. Tips for Sectional Title Owners

  Show the same sort of consideration for your neighbours, as you would like them to show you.  Expect to play your part in running the Scheme - be a responsible and active member of the Body Corporate  Control loud noises and...

Wednesday, 18 March 2009 | 371 hits | Print | PDF |  E-mail | Report | Read more

27. The two signature rule

Management rule 27 is one of the most often ignored rules. This is what it says: No document signed on behalf of this body corporate, shall be valid and binding unless it is signed by a trustee and the managing agent referred to in rule 46 or...

Wednesday, 18 March 2009 | 487 hits | Print | PDF |  E-mail | Report | Read more

28. 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 | 534 hits | Print | PDF |  E-mail | Report | Read more

29. The Registration Process

CONCLUDING A WRITTEN DEED OF SALE The Act prescribes certain information to appear in a deed of sale: parties to the agreement;price as agreed upon and property description. Supplementary information includes: method of payment of purchase...

Monday, 09 February 2009 | 2252 hits | Print | PDF |  E-mail | Report | Read more

30. The difference between possession and occupation

The difference between possession and occupation Occupation is the right to use and enjoy the property.   Possession is associated with the legal risk  of  loss  or  destruction of  the property and the right to enjoy the...

Friday, 06 February 2009 | 2213 hits | Print | PDF |  E-mail | Report | Read more