Why get an attorney to sell your home? Attorneys play a significant role in property transactions, providing several benefits to both buyers and sellers. Here are some of the key advantages: Legal Expertise: Attorneys have a deep understanding of property law and can ensure that the legal aspects of the transaction are handled correctly. This includes preparing and reviewing the offer to sale agreements, ensuring compliance with local laws, and ...
The continued marketing clause The continued marketing clause, is also known as the 72-hour clause and it allows the Seller and the estate agent that the Seller appointed, to continue with marketing efforts, even after a Purchaser signed a binding offer to purchase contract, on a particular house. Should the Seller receive another offer, a better offer, or even a similar offer, then the Seller may notify the first Purchaser ...
Why am I paying so much levies on my flat? Levies in a sectional title scheme are calculated based on the expenses required to maintain and manage the common property, the shared facilities, as well as the shares expenses of the scheme. Apartment buildings in more affluent suburbs or older apartment buildings that have high maintenance requirements, typically have higher levy fees. Higher fees are also found with complexes that ...
Antenuptial Contracts 101 An antenuptial contract, also referred to as a prenuptial contract, arranges the matrimonial property system of spouses. It regulates how property will be owned in the marriage because spouses can decide to own their estates separately or jointly. The antenuptial contract can however also be used for many different purposes and this include the provision of donations or even future gifts between spouses, estate planning, the creation ...
Once-off payout for qualifying, first-time homeowners Owning a home is the dream of many people and the government also wants to see more people owning a home. The Department of Human Settlements therefore makes a once-off payout to qualifying home buyers. The payout forms part of the Finance Linked Individual Subsidy Programme, popularly known as FLISP. This programme of government pays out a certain amount of money to first-time home ...
Can a body corporate discuss topics that were not on the AGM Agenda? All sectional title schemes are required to hold annual general meetings (AGMs) in accordance with the provisions of the Sectional Titles Schemes Management Act (STSMA) of 2011. According to the STSMA, a notice of at least 14 days must be given to all members of the sectional title scheme for the Annual General Meeting (AGM). The notice ...
When does a tenant become an unlawful or illegal occupant? A tenant can become an unlawful or illegal occupant of a property under certain circumstances. Here are some situations where a tenant's occupation may be considered unlawful or illegal: Expiry or termination of the lease: If a tenant remains in possession of the property after the expiration or lawful termination of their lease agreement without the landlord's consent, their occupation becomes ...
Dealing with estate agents? Here are some tips Buying a home is one of the biggest investments that any person will make during their lifetime. If you are buying a new house and dealing with estate agents, here are some tips to keep in mind: Choose a reputable estate agent: Look for an estate agent who is registered and who has a good reputation in the industry. Ask questions: Don't ...