Note: If you earn over R22k p.m. (the subsidy threshold) or aren’t personally in the market for a house in the “affordable housing” bracket, please think of forwarding this article to someone who might be – perhaps a relative, friend, colleague or employee. You could be helping them take that important first step onto the property […]
Buying Your First Home with a Government Subsidy Read More »
Here’s yet another warning from our courts to take seriously the building deadlines commonly imposed on buyers of plots in residential estates. Failure to comply with them could expose you to heavy fines, recurring penalties and even the risk of losing your plot altogether. A Home Owners Association (HOA) imposed “double levy” penalties totalling R105k
Beware the Building Deadlines When Buying-to-Build Read More »
“Never take your eyes off the cash flow because it’s the lifeblood of business” (Richard Branson) A recent Supreme Court of Appeal (SCA) judgment has confirmed that when a property developer enters into an agreement with a buyer to transfer the property, even if the developer only actually gets paid in a subsequent tax year,
Property Developers Beware: Deemed Accruals Can Seriously Disrupt Your Cash Flow Read More »
“Don’t wait to buy land, buy land and wait” (Will Rogers) If you plan to buy property this Festive Season – perhaps your new dream house, or a holiday home, or an office for your business, or purely as an investment – check the title deed of the property you have your eye on before you
Buying Property this Festive Season? Check the Title Deed First! Read More »
“Neither a borrower nor a lender be For loan oft loses both itself and friend” (Shakespeare) It seems logical that the very strong consumer protections in the NCA (National Credit Act) are designed for commercial situations in which credit is advanced by “credit provider” businesses to “credit consumers”. But does the NCA also apply
“I never married because there was no need. I have three pets at home which answer the same purpose as a husband. I have a dog which growls every morning, a parrot which swears all afternoon, and a cat that comes home late at night” (Marie Corelli, English novelist) Residential complexes and estates are becoming
“Honesty is the best policy” (Benjamin Franklin) A recent High Court decision again confirms that when it comes to selling your house, honesty is indeed the best policy. Specifically, disclose all defects you know of to potential buyers, or risk expensive litigation and damages claims. Defects and Defences The buyers of a house, who
“Buy land – they’ve stopped making it” (Mark Twain) So you’ve decided to buy your first house – exciting! There’s nothing like owning and living in your very own dream house, and if you choose wisely your home could well be one of your most important investments ever. Get started with these tips –
“…aye, there’s the rub” (Shakespeare) Levies are the lifeblood of a sectional title scheme, and the Body Corporate has a duty to recover arrears from defaulting owners. It has the power, in addition to following standard debt collection procedures and perhaps approaching the Community Schemes Ombud for assistance, to apply for the sequestration of the
Your Body Corporate and Arrear Levies: To Sequestrate or Not To Sequestrate? Read More »
“Beware the wolf in sheep’s clothing” (Aesop’s Fables) Cybercrime levels are surging, and it didn’t take the scammers long to figure out that when you buy and sell property you become a prime target because of course – Property transactions provide rich pickings, often very rich pickings. Electronic communication between attorneys and clients, which is
Property Scams – Beware (Cyber) Wolves in Sheep’s Clothing! Read More »
