81. Exclusive Use Area

Most people who own property in sectional title schemes are familiar with the term "exclusive use area". However, a fair amount of confusion seems to exist regarding the exact nature of exclusive use areas. This is not surprising as there are...

Friday, 06 February 2009 | 834 hits | Print | PDF |  E-mail | Report | Read more

82. Estate Agent Mandates Explained

A Mandate is an instruction or authority from a client to an estate agent, to render a particular estate agency service. It is a legally binding contract between the estate agent and his client, that need not be in writing unless in the case...

Monday, 09 February 2009 | 2577 hits | Print | PDF |  E-mail | Report | Read more

83. Estate Agent Mandates Explained

Sole Mandate Giving an estate agent a sole mandate to market your property, means that you cannot confer a similar mandate on another estate agent before the expiry of a determined period. If another estate agent sells or lets your property during...

Monday, 09 February 2009 | 460 hits | Print | PDF |  E-mail | Report | Read more

84. Estate Agent Mandates

Estate agents are involved in the vast majority of property sales. The seller often grants an agent a mandate to sell his property for a specific price. Such a mandate may be verbal or in writing. Sometimes sellers have a change of heart...

Friday, 06 February 2009 | 418 hits | Print | PDF |  E-mail | Report | Read more

85. Early Termination Interest

Any bond holder intending to sell or cancel their home loan should take heed of the following information. When the home loan is granted the normal period that the client will take to repay the bond is 20 years and the prevailing bond rate at that...

Monday, 09 February 2009 | 673 hits | Print | PDF |  E-mail | Report | Read more

86. Duties and Responsibilities of the Body Corporate

Sections 37 & 38 of the Sectional Titles Act define the functions and powers of the body corporate, which include: •     The establishment of a fund to cover all repair and maintenance costs, rates and taxes, insurance...

Wednesday, 18 March 2009 | 808 hits | Print | PDF |  E-mail | Report | Read more

87. Duties and responsibilities of Sectional Title Owners

The Sectional Titles Act is not intended to impose onerous and restrictive conditions on owners and it is not necessary to so do. Most owners respect the wishes and privacy of others, keep their sections and exclusive use areas in good condition...

Wednesday, 18 March 2009 | 615 hits | Print | PDF |  E-mail | Report | Read more

88. Download Offer to Purchase/Deed of Sale

Click here to download a comprehensive offer of purchase contract. OFFER TO PURCHASE In and between: ___________________________________ (Hereinafter referred to as "the Purchaser") And ___________________________________ (Hereinafter...

Tuesday, 19 October 2010 | 382 hits | Print | PDF |  E-mail | Report | Read more

89. Does a minor selling or purchasing property have to be assisted by his guardian(s) when signing the Offer to Purchase?

Does a minor selling or purchasing property have to be assisted by his guardian(s) when signing the Offer to Purchase? Yes. Where a minor is selling property, the assistance of both guardians is required. This also applies where the minor is...

Friday, 06 February 2009 | 790 hits | Print | PDF |  E-mail | Report | Read more

90. DISPUTES ABOUT LEVIES

  A number of owners of sectional title units have asked me whether they are entitled to withhold the payment of levies if they are dissatisfied with the manner in which the trustees appointed by the body corporate are managing the scheme or...

Friday, 06 February 2009 | 595 hits | Print | PDF |  E-mail | Report | Read more