261. Exclusive use rights to a parking bay

Owners are sometimes under the impression that they have rights of exclusive use of specific parking bays because they purchased the specific bays in terms of their offers to purchase. This is not necessarily the case. Owners should look...

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262. What is a Servitude?

A servitude is a registered right that a person has over the immovable property of another. It allows the holder of the servitude to do something with the other persons property, which would not normally be allowed. An example is the right of way to...

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263. Clauses of the 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 be disclosed in the contract, as well as who the owner is,...

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264. 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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265. 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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266. 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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267. 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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268. 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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269. Early Termination Interest

Any bond holder intending to sell or cancel their home loan should take heed of the following information. When the home loan is granted the normal period that the client will take to repay the bond is 20 years and the prevailing bond rate at that...

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270. 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...

Wednesday, 18 March 2009 | 261 hits | Print | PDF |  E-mail | Report | Read more