Complex living: Be aware of the hidden costs
When considering the purchase of a unit within a complex, it’s crucial to look beyond the surface-level expenses such as the advertised levies. Without thorough research, potential buyers may find themselves facing unexpected financial burdens. The structure of sectional title schemes In sectional title schemes, you own your unit but share ownership of the property’s […]
Understanding mortgage bond cancellation: Key steps and considerations
In South Africa, the process of cancelling a mortgage bond is commonly necessitated when a property is sold or the bond is fully paid off. This procedure is intricate, consisting of several critical steps: Step 1: Notice of cancellation Initially, the property owner must submit a notice of intent to cancel the bond to the […]
How much home can you get for your money
Analysing the affordability of SA’s residential property market. South Africans continue to tighten their belts as the pressure of rising interest rates, inflation, and other varying economic factors put household income under strain. This puts the affordability of national residential property under the spotlight. However, while (in nominal terms) national house price inflation remains positive […]
Home power backup systems
Electrical engineers answer your questions. Eskom has made it clear that ‘load-shedding’ isn’t going to end any time soon. This reality, and President Cyril Ramaphosa’s announcement during his annual state of the nation speech on 9 February 2023 that tax incentives for solar power use are imminent (confirmed in the Budget on 22 February 2023), means […]
The increasing importance of Fidelity Fund Certificates
Property Practitioners who now need to hold a Fidelity Fund Certificate, unless excluded, to practice in terms of the Property Practitioners Act, 22 of 2019, may have certain questions regarding the application process to obtain the Certificate, its issuing from the Authority and any disqualifications from issuing, its amendment, withdrawal, and lapse thereof. A Property […]
Soos kat en hond baklei oor troeteldiere in woonstelle
As jy ‘n troeteldier besit en in ‘n kompleks woon, onderhewig aan die Deeltitelskemabestuurswet, is hierdie artikel dalk net vir jou bedoel. Wat as die regspersoon jou nie toelaat om ‘n troeteldier aan te hou nie? Of wat as jou gidshond of emosionele ondersteuningstroeteldier nie in of om die plek waar jy woon, welkom is […]
5 Questions to get your homeowner relationship right
Despite the recent interest rate increase, South Africa is still currently in what is deemed a “buyer’s market”, where first-time homebuyers are enjoying the opportunity of entering the property market at a much earlier stage than their financial situations would have allowed in previous years. But it’s precisely the fact that so many homebuyers are […]
Is a seller held liable to repair a leaking roof after the property is sold?
The Purchaser signs an agreement of sale with the Seller. The property is transferred into the Purchaser’s name. A month later, there were heavy rainfalls and the roof leaks. Is the Seller liable to repair the roof or the Purchaser, as the new owner? To understand which party is liable, one must appreciate the difference […]