1. What is a Title Deed?

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...

Friday, 06 February 2009 | 362 hits | Print | PDF |  E-mail | Report | Read more

2. 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 | 2574 hits | Print | PDF |  E-mail | Report | Read more

3. What is a contract?

Click Here to Download Comprehensive Free Offer to Purchase/Deed of What is a contract? A contract is an agreement between two or more people in terms of which one party offers to do, deliver or not do something, and the other part accepts...

Monday, 09 February 2009 | 436 hits | Print | PDF |  E-mail | Report | Read more

4. A Quick Checklist when completing an Offer to Purchase:

Click Here to Download Comprehensive Free Offer to Purchase Check that the description of the property is correct (as described in the title deed). Are all the buyers' & seller's details documented clearly? Check that the purchase price...

Monday, 09 February 2009 | 2601 hits | Print | PDF |  E-mail | Report | Read more

5. 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...

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6. 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 | 681 hits | Print | PDF |  E-mail | Report | Read more

7. 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...

Monday, 09 February 2009 | 456 hits | Print | PDF |  E-mail | Report | Read more

8. 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 | 529 hits | Print | PDF |  E-mail | Report | Read more

9. 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...

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10. Annual General Meeting

The body must hold an Annual General Meeting (AGM) within four months of the end of the body corporate's financial year. According to management rule 56, the agenda for the AGM must include at least the following: •     The...

Wednesday, 18 March 2009 | 297 hits | Print | PDF |  E-mail | Report | Read more