31. 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...

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32. The Conveyancing and Transfer process of Property

Once an Offer to Purchase is duly signed by all parties it is handed to conveyancing attorneys traditionally appointed by the seller who then proceed with the formal process of conveying ownership of the property from the seller to the buyer and...

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33. Taxes on the Transfer of Property

When residential land, or an interest therein is sold or transferred, either VAT or transfer duty is payable on the transaction. The issue of what "tax" is payable when a "property transaction" takes place, has become quite a complicated...

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34. Suspensive Conditions

Most sales of immovable property are concluded subject to one or more suspensive conditions. One of the legal definitions of a suspensive condition is that it is a condition which suspends the operation or effect of one or more of the...

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35. 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...

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36. Special Meetings

Every general meeting of the body corporate, other than the AGM, is deemed to be a special general meeting. All business at these meetings is considered to be special business, irrespective of the type of resolution that may be required....

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37. Special Levy

A Body Corporate may raise a special levy in order to effect alterations or improvements to the sectional scheme. The special levy is payable over and above the normal monthly levies. The special levy will be calculated according to each...

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38. Separate rates clearance certificates for Sectional Title Units

Pretoria Registrar's Circular 2/2008 Pretoria Registrar's Circular No.2 of 2008 - As from the 1st of July the City of Tshwane Municipality will be rating sectional title units separately. Therefore separate rates clearance certificates must be...

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39. Sectional Tittle Explained

Every owner owns at least one section within the scheme, along with an undivided share in the common property. The owner's flat or townhouse is a section or part of a section. Garages and storerooms may be separate sections or parts of the...

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40. SECTIONAL TITLES ACT 95 OF 1986

[ASSENTED TO 8 SEPTEMBER 1986] [DATE OF COMMENCEMENT: 1 JUNE 1988] (Afrikaans text signed by the State President) as amended by Sectional Titles Amendment Act 63 of 1991 Sectional Titles Amendment Act 7 of 1992 Sectional Titles Amendment Act 15 of...

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