31. Conveyancing Terms Explained

Glossary of Conveyancing terms: Act An Act is a form of legislation passed by the courts for the government. Addendum An Addendum is a supplementary agreement to an original sale contract covering points agreed to afterwards. It is a...

Friday, 06 February 2009 | 536 hits | Print | PDF |  E-mail | Report | Read more

32. What is a Home Owners Association

What is a Home Owners Association When freehold properties are designed as a unit eg. a complex of townhouses or enclosed neighbourhood or golf estate, they are sometimes bound together by means of a Home Owners...

Friday, 06 February 2009 | 433 hits | Print | PDF |  E-mail | Report | Read more

33. WHAT IS CONVEYANCING?

WHAT IS CONVEYANCING? The term "CONVEYANCING" describes the legal process whereby a person, company, close corporation or trust becomes the registered and lawful owner of fixed property and ensures that such ownership cannot be challenged. It...

Friday, 06 February 2009 | 456 hits | Print | PDF |  E-mail | Report | Read more

34. What happens with trust monies?

  Section 78(2a) of the Attorneys Act specifically makes provision that an attorney, at the instruction of any person, may open a trust savings or other interest bearing account and the interest is paid out according to instruction. These...

Friday, 06 February 2009 | 437 hits | Print | PDF |  E-mail | Report | Read more

35. What happens at the deeds office?

What happens at the deeds office? The conveyancer will lodge the title deed and other documents that he has prepared in the deeds office for registration. The deeds office is a government registry of ownership in all fixed property and other rights...

Friday, 06 February 2009 | 5208 hits | Print | PDF |  E-mail | Report | Read more

36. 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

37. Exclusive use rights to a parking bay

Owners are sometimes under the impression that they have rights of exclusive use of specific parking bays because they purchased the specific bays in terms of their offers to purchase. This is not necessarily the case. Owners should look...

Monday, 09 February 2009 | 625 hits | Print | PDF |  E-mail | Report | Read more

38. Housing Development Schemes for Retired Persons

These schemes usually have extraordinary features, which other developments don't have, such as a frail care centre or full-time nursing care, restaurant facilities, great emphasis on security, etc. There can also be certain stipulations, which make...

Monday, 09 February 2009 | 2787 hits | Print | PDF |  E-mail | Report | Read more

39. What is 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 way to...

Monday, 09 February 2009 | 6200 hits | Print | PDF |  E-mail | Report | Read more

40. PURCHASING IMMOVABLE PROPERTY IN SOUTH AFRICA AS A NON-RESIDENT

There are various issues involved in purchasing immovable property in a foreign country which extend beyond the mere signing of contracts and documents and paying of money of which the aver-age non-resident interested in purchasing property is...

Monday, 09 February 2009 | 682 hits | Print | PDF |  E-mail | Report | Read more