231. 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 | 795 hits | Print | PDF |  E-mail | Report | Read more

232. Fixtures and Fitting Explained

  A buyer who purchases immovable property legally acquires the land together with all permanent improvements on the land. Permanent improvements include not only the physical structure but also items, which are permanently attached to the...

Friday, 06 February 2009 | 796 hits | Print | PDF |  E-mail | Report | Read more

233. Procedure for Transferring Ownership of Property in South Africa

Procedure for Transferring Ownership of Property              Most properties which are sold have an existing bond registered over the property and most Purchasers obtain a bond to purchase a property. When...

Friday, 06 February 2009 | 800 hits | Print | PDF |  E-mail | Report | Read more

234. 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...

Monday, 09 February 2009 | 800 hits | Print | PDF |  E-mail | Report | Read more

235. Rental Deposits

Section 5 of the Rental Housing Act, No 50 of 1999 allows a landlord to take a deposit from a tenant prior to them moving in to the property. The deposit must be stipulated in the lease agreement. It is conventional practice to pay...

Friday, 06 February 2009 | 802 hits | Print | PDF |  E-mail | Report | Read more

236. CAPITAL GAINS TAX (CGT)

    A In the letter the reader enquired whether it was necessary for the "ordinary houseowner" to have his or her property valued for CAPITAL GAINS TAX purposes. This question pertains to a very important exemption which applies in...

Friday, 06 February 2009 | 803 hits | Print | PDF |  E-mail | Report | Read more

237. Apointment and Duties of Trustees

 Trustees are elected by the body corporate at its first meeting and at every subsequent AGM. The rules prescribe a minimum of two trustees, but do not prescribe a maximum number. Bodies corporate should avoid the temptation to appoint too...

Wednesday, 18 March 2009 | 813 hits | Print | PDF |  E-mail | Report | Read more

238. 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 | 816 hits | Print | PDF |  E-mail | Report | Read more

239. 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 | 841 hits | Print | PDF |  E-mail | Report | Read more

240. Appoint a Conveyancer Online Today

When you embark on the process of buying, selling, or refinancing your house, you don't want to take any chances. Anything can happen and it's pretty much impossible to prepare for every possible eventuality. The best way to do this...

Monday, 17 May 2010 | 877 hits | Print | PDF |  E-mail | Report | Read more