251. Calculating the Levy's

Before every AGM the trustees, assisted by the managing agent, must prepare an estimate of expected expenses that will be incurred by the body corporate in running the scheme during the ensuing year. Included in this estimate are costs of: ...

Wednesday, 18 March 2009 | 1642 hits | Print | PDF |  E-mail | Report | Read more

252. What will my transfer and bond costs be?

Your estate agent and conveyancing attorney should be able to answer this question based on a schedule of bond and transfer costs. The transfer fees depend on the purchase price of the property. Bond costs are calculated on the total loan...

Friday, 06 February 2009 | 1791 hits | Print | PDF |  E-mail | Report | Read more

253. Fixtures and Fittings List

1.                   Place a tick in one of these three columns against every item. 2.         The second column (“excluded�) is for items on the list which...

Friday, 06 February 2009 | 1810 hits | Print | PDF |  E-mail | Report | Read more

254. SECTIONAL TITLES ACT 95 OF 1986

[ASSENTED TO 8 SEPTEMBER 1986] [DATE OF COMMENCEMENT: 1 JUNE 1988] (Afrikaans text signed by the State President) as amended by Sectional Titles Amendment Act 63 of 1991 Sectional Titles Amendment Act 7 of 1992 Sectional Titles Amendment Act 15 of...

Wednesday, 18 March 2009 | 1813 hits | Print | PDF |  E-mail | Report | Read more

255. 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...

Monday, 09 February 2009 | 1907 hits | Print | PDF |  E-mail | Report | Read more

256. Affordability Calculator courtesy of Louwrens Koen Attorneys

Affordability Calculator This calculator calculates the maximum home loan that you can afford. Type in your details below, then click on the "calculate" button. ...

Tuesday, 27 October 2009 | 1916 hits | Print | PDF |  E-mail | Report | Read more

257. The difference between possession and occupation

The difference between possession and occupation Occupation is the right to use and enjoy the property.   Possession is associated with the legal risk  of  loss  or  destruction of  the property and the right to enjoy the...

Friday, 06 February 2009 | 2221 hits | Print | PDF |  E-mail | Report | Read more

258. 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...

Monday, 09 February 2009 | 2255 hits | Print | PDF |  E-mail | Report | Read more

259. Clauses of the Deed Of Sale

Click Here to download comprehensive free Deed of Sale The identities of the parties must be ascertainable. The seller need not be the owner; he may not yet have taken transfer of the property, but may be allowed to resell it. This must however...

Monday, 09 February 2009 | 2358 hits | Print | PDF |  E-mail | Report | Read more

260. OPTIONS AND RIGHTS OF FIRST REFUSAL

  The terms "option" and "right of pre-emption" (more commonly known as a "right of first refusal"), are often confused by persons involved in property transactions. There is a significant difference between granting or receiving an option to...

Friday, 06 February 2009 | 2475 hits | Print | PDF |  E-mail | Report | Read more