201. 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...

Monday, 09 February 2009 | 503 hits | Print | PDF |  E-mail | Report | Read more

202. Resolutions at an meeting

The term "ordinary resolution" is neither defined nor recognised in the Act or rules. However, in this publication the term is used to describe a resolution that is neither "special" nor "unanimous".   Ordinary Resolutions An ordinary...

Wednesday, 18 March 2009 | 503 hits | Print | PDF |  E-mail | Report | Read more

203. Different Legal Entities Property Can Be Registered In

Immovable property may be registered in the name of natural persons or in the name of a legal entity such as a trust, CC or company. Clients who intend purchasing a residential property which is to be their primary residence (permanent home)...

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204. IMPROVEMENTS TO SECTIONAL TITLE SCHEMES

 A sectional title scheme is managed by the body corporate and all owners of units in the scheme are members of the body corporate. The body corporate elects trustees to attend to the day to day running and management of the scheme. ...

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205. Building Addition to Sectional Title Units

Subject to local authority town planning regulations, building restrictions and common law, owners of freehold title properties are free to manage their properties as they please. A sectional title owner however, is governed by a number of...

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206. Bond Repayments Calculator

Bond Repayments Calculator This calculator calculates the total monthly bond repayments on a property. Type in your details below, then click on the "calculate" button. --> ...

Tuesday, 27 October 2009 | 532 hits | Print | PDF |  E-mail | Report | Read more

207. 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...

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208. 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...

Wednesday, 18 March 2009 | 539 hits | Print | PDF |  E-mail | Report | Read more

209. 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...

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210. Fractional Ownership

Fractional Ownership can be defined as the collective ownership of an asset, usually one with a high monetary value. Usage of the asset is shared amongst the owners by means of an ownership usage roster. The running costs are also shared...

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