31. 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...

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32. Rezoning or Subdividing Your Property.

You need to apply to the local authority to re-zone or subdivide a property. Your application can take anything from 6 to 4 Years to be approved or declined. The documentation required is very involved and expensive, it is advisable to seek...

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33. Restrictions on Your Property.

Restrictions on Your Property. The use of every privately owned property in South Africa is subject to certain control measures, which may restrict you from making the changes you would like to make to your new home. If you are able to check...

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34. Cancellation Fees

Cancellation Fees When your home loan is repaid in full, or you cancel the loan due to the sale of the property, and you wish to cancel the existing bond over the property, an attorney will be instructed to handle these proceedings. There...

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35. Rates Clearance Certificate from the Municipality.

When a property is changing ownership the transferring attorney will need to apply to the council (local authority) for a rates clearance certificate. The clearance figure is normally six months in advance on the sellers account. Only once the...

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36. Property Inspections.

 What is a Property Inspection? A Property Inspection is a Detailed and Systematic Visual Inspection of the Property, its Structures, Design and Fixtures that will provide a Transparent Understanding of the Property's 'Vital Signs'...

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37. National Home Builders Registration Council.

National Home Builders Registration Council. The NHBRC was established through the Housing Consumer Protection Measures Act, 95 of 1998, to protect the buyer of newly built or still to be built residential properties, in the event that...

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38. 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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39. 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...

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40. Choosing a Stand

Consider the following, when searching for the perfect stand on which to build your dream home:  Check the title deed to make sure that there is no building or zoning restrictions that would hamper your dreams, or servitudes that are...

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