41. Cancelation Of Mortgage Bond

Once your home loan is fully paid, you may have the option of keeping the bond facility available to you. This is important if you need to borrow more money in future. You will not have to incur bond registration costs again in the future (on the...

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42. What is a Title Deed and why is it so important?

The owner of Immovable Property is the person in whose name the property is registered in terms of the Deeds Registries Act 47 of 1937. A Title Deed is the owner of immovable property's documentary proof of ownership. Each privately owned property...

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43. Managing or Letting Agent

Using a professional managing or letting agent is ideal when you do not have the time to manage your property/ies. There are generally two types of agents as far as letting goes:   A Full Management Agent takes care of the whole letting...

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44. 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...

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45. 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...

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46. 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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47. 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...

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48. 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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49. Body Corporate Establishment

In terms of section 36 of the Act, the body corporate is established at the time that the first unit is transferred from the developer into the name of its new owner. Within 60 days of establishment, the developer is obliged to convene a meeting...

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50. 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...

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