Will-stipulated purchase option: Are there transfer duty impacts?
Any person drawing up a last will and testament, and who intends to include an option to purchase any of their properties, should be aware of the transfer duty implications such provision might bring forth. This article intends on discussing the beforementioned implications at th
Domicilium citandi et executandi in South African law
How is it possible that someone can obtain judgment against me, without my knowledge of any summons issued against me or a court date to state my side of the story? Well, in our law this could happen if you agreed to a domicilium address without notifying other parties about a ch
Exercise of rights and obligations under a praedial servitude
A servitude is a limited real right which entitles its holder either to the use and enjoyment of another person’s property or to insist that such other person shall refrain from exercising certain entitlements following from his or her right of ownership over and in respect of
Responsibility to maintain and repair foundations and boundary walls in a sectional title scheme
This article will briefly consider the definitions of common property vis-à-vis sections in terms of the Sectional Titles Schemes Management Act 8 of 2011 in order to establish who must maintain what in sectional title scheme developments. Many residential developments in South
Unravelling legal costs: What you must know when selling your house
We understand that the process of selling a home can often come with unexpected costs that property owners may not be aware of. To ensure a smooth property transfer process without any payment delays, sellers must budget for these expenses. Take control of your property sale by a
Trust Property Control Act, 1998: Amendment of Regulations
The General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act, 2022 contained certain amendments to the Trust Property Control Act, 1988, which require trustees to keep specified records regarding each “beneficial owner” of a trust of which he or s
How FATF ‘greylisting’ will impact SA business
SA companies will need to respond quickly to mitigate the risks stemming from this development Global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), has placed South Africa on its so-called ‘grey’ list, adding South Africa to a grou
Softening the rate hike blow
Ways to reduce your monthly home loan repayments and other costs Cost-cutting is on many people’s minds, as prices rise, and affordability becomes stretched. While potential homeowners continue to benefit from attractive interest rates due to heightened competition between the
Property Practitioners: To BEE or not to BEE
On the 01st of February 2022, the Estate Agency Affairs Act, Act 112 of 1976 was, in its entirety repealed by the new Property Practitioners Act, Act 22 of 2019 (herein the ”PPA”). The aim of the PPA is to bring about transformation within the property sector.