61. 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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62. WHAT IS CONVEYANCING?

WHAT IS CONVEYANCING? The term "CONVEYANCING" describes the legal process whereby a person, company, close corporation or trust becomes the registered and lawful owner of fixed property and ensures that such ownership cannot be challenged. It...

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63. What happens with trust monies?

  Section 78(2a) of the Attorneys Act specifically makes provision that an attorney, at the instruction of any person, may open a trust savings or other interest bearing account and the interest is paid out according to instruction. These...

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64. What happens at the deeds office?

What happens at the deeds office? The conveyancer will lodge the title deed and other documents that he has prepared in the deeds office for registration. The deeds office is a government registry of ownership in all fixed property and other rights...

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65. 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...

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66. 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...

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67. 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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68. 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...

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69. 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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70. 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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