31. What is a Home Owners Association

What is a Home Owners Association When freehold properties are designed as a unit eg. a complex of townhouses or enclosed neighbourhood or golf estate, they are sometimes bound together by means of a Home Owners...

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32. Estate Agent Mandates

Estate agents are involved in the vast majority of property sales. The seller often grants an agent a mandate to sell his property for a specific price. Such a mandate may be verbal or in writing. Sometimes sellers have a change of heart...

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33. Conveyancing Terms Explained

Glossary of Conveyancing terms: Act An Act is a form of legislation passed by the courts for the government. Addendum An Addendum is a supplementary agreement to an original sale contract covering points agreed to afterwards. It is a...

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34. 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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35. 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...

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36. When are the transfer costs due and to whom are they paid?

A few weeks after the sale, when you sign your documents, your conveyancer will request that you pay the transfer costs. The Conveyancing attorney has to pay the transfer duty - the major charge on most transfers - in advance, as well as the...

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37. What is involved if a seller or purchaser wants to have a title deed condition removed. What is the cost? How long does it take?

What is involved if a seller or purchaser wants to have a title deed condition removed. What is the cost? How long does it take? There are two options available. Firstly, one can make application to the High Court for a court order that the...

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38. Who do I pay my deposit to?

 Depending on what is stipulated in your sale agreement, your deposit is either paid to the estate agency involved or to the Conveyancing attorneys attending to the transfer. Both these professionals should have trust accounts in which your money...

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39. Will someone contact me to let me know when the property is registered?

A representative from your conveyancer's firm should contact you as soon as the registration has gone through. You will also be given a final statement of the account. Your estate agent may also phone you to confirm registration. The bank will...

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40. 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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