by VDT Attorneys | Aug 8, 2018 | BEE, Compliance, Property
It must be appreciated that BEE compliance has become a key aspect of doing business in South Africa. Through the application of industry sector charters as well as the pervasive impact of preferential procurement, it is nearly unavoidable in today’s times for any...
by VDT Attorneys | Jul 12, 2018 | Investment, Property
Buying property, whether for personal use or investment or business purposes, remains a stressful exercise. Often, as probably in your case, a person feels they wish to share some of the responsibility and financial exposure with another person and then partner up to...
by VDT Attorneys | Jun 7, 2018 | Conveyancing, Credit Act, Loan, Property, Sale
Most property sale agreements contain a suspensive condition that makes the purchase subject to the purchaser obtaining financing within a certain period of time. To understand whether this period of time can be extended, it is important to firstly understand what...
by VDT Attorneys | May 29, 2018 | Property
The correct certification If your home is fitted with an electrical system, an electric fence, and gas appliances, the compliance certificates for the validity of these installations are required before the successful transaction of your home. Depending on where your...
by VDT Attorneys | Apr 11, 2018 | Property, Tax
As a point of departure, let us assume that transfer duty is not applicable to this transaction. Instead, the purchaser is liable to pay VAT on the purchase price. On 22 February 2018, the Minister of Finance announced that the VAT was to increase from 14% to 15% as...
by VDT Attorneys | Apr 6, 2018 | Property, Sectional Title, Sectional Title and Community Schemes, Water Rights
The general rule in sectional title schemes is that owners are billed according to the participation quota in the scheme, determined according to the relative size of the unit. The problem with this is that this is not always reflective of the actual use of the water....
