1. Blank Spaces in Contract

All standard deeds of sale used by estate agents contain blank spaces which have to be completed relating for example to the amount of the purchase price, the date of occupation, the occupational rental payable etc. One of the parties to the...

Friday, 06 February 2009 | 401 hits | Print | PDF |  E-mail | Report | Read more

2. CAPITAL GAINS TAX (CGT)

    A In the letter the reader enquired whether it was necessary for the "ordinary houseowner" to have his or her property valued for CAPITAL GAINS TAX purposes. This question pertains to a very important exemption which applies in...

Friday, 06 February 2009 | 803 hits | Print | PDF |  E-mail | Report | Read more

3. Different Legal Entities Property Can Be Registered In

Immovable property may be registered in the name of natural persons or in the name of a legal entity such as a trust, CC or company. Clients who intend purchasing a residential property which is to be their primary residence (permanent home)...

Friday, 06 February 2009 | 508 hits | Print | PDF |  E-mail | Report | Read more

4. WITNESSING OF CONTRACT

Click Here to download Comprehensive Free Offer to Purchase Contract In practice, most deeds of sale used by estate agents contain blank spaces for witness's signatures. It is however not a legal requirement that such a contract be witnessed. Only...

Friday, 06 February 2009 | 646 hits | Print | PDF |  E-mail | Report | Read more

5. 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 | 2473 hits | Print | PDF |  E-mail | Report | Read more

6. Zoning Of Land

Zoning Of Land Determining usage of property You may not use property for purposes other than that for which it is zoned - these zonings generally being residential, commercial or industrial. However, it is possible to apply for rezoning...

Friday, 06 February 2009 | 588 hits | Print | PDF |  E-mail | Report | Read more

7. Buying a property on Installment Sale

Selling property in the current market can prove to be frustrating. Many property sales are collapsing because the potential buyer is unable to obtain the necessary bond to cover the purchase price. In fact, as many as 50% of all bond...

Friday, 06 February 2009 | 6044 hits | Print | PDF |  E-mail | Report | Read more

8. 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...

Friday, 06 February 2009 | 366 hits | Print | PDF |  E-mail | Report | Read more

9. The South African land registration system.

Almost all land has been surveyed by a qualified land surveyor which survey is reflected on a surveyor general diagram, which is get in the offers of these surveyor general.  Further to the above all these surveyed land is a registered in the...

Friday, 06 February 2009 | 534 hits | Print | PDF |  E-mail | Report | Read more

10. Understanding a Usufruct.

A Usufruct is a legal institution in which someone, who is not the owner, is given the right to use and enjoy the profits and advantages of something belonging to another as long as the property is not damaged or altered in any way, for a...

Friday, 06 February 2009 | 6722 hits | Print | PDF |  E-mail | Report | Read more