by VDT Attorneys | Sep 20, 2024 | Immovable property, Property, Property auctions, Sale in execution
The intention is to recover the debt owed by the property owner to the execution creditor. Although purchasing immovable property sold in execution may often be touted as a potential bargain, it can indeed be a double-edged sword for the following reasons: 1....
by VDT Attorneys | Jul 24, 2024 | Agents commission, Estate Agent, Property, Selling Property
In most jurisdictions, the general rule is that an estate agent’s commission is only payable if there is a valid agreement in place. This agreement can be in the form of a written contract or verbal understanding. Without an agreement however, the agent’s...
by VDT Attorneys | Feb 7, 2024 | Bond, Bond registration, Buying property, Property, Property Practitioners
1. Proper inspection of the property It is important to make sure that, as the Purchaser, you are happy with the current condition of the property. If there are any repairs or improvements that need to be made, these must be specifically included in the Agreement of...
by VDT Attorneys | Nov 21, 2023 | Building, Levies, Property, Sectional Title Scheme
In respect of the payment of levies in the scheme, it is important to differentiate between units that are already registered in the name of the developer and where the developer is the holder of a right to extend the scheme. In the event that units are already...
by VDT Attorneys | Nov 21, 2023 | Property, Sectional Title, Sectional Title Scheme, Solar, Solar Panels
The Sectional Titles Schemes Management Act 8 of 2011 (the Act) accompanied by the Sectional Title Schemes Management Regulations (the Regulations) published on 7 October 2016, regulate the legalities around the powers, rights, responsibilities and obligations of the...
by VDT Attorneys | Apr 13, 2022 | BEE, Property, Property Practitioners Act, Transformation
The Act reconfirms that the Property Sector BEE Transformation Charter Code applies to all property practitioners that fall within the scope of the Act and also encourages organs of state to procure services from property practitioners that comply with transformation...
