PR de Wet het op 31 Mei 2019 met Elsa Esterhuizen in die GROOTplaas ateljee gesels oor wat ‘n maatskappy nou eintlik is, en hoe boere daarby kan baat. Kyk gerus die onderhoud weer om jou kennis in die verband op te knap!
Can a body corporate withhold a clearance certificate?
Once an offer to purchase is signed and the transfer process begins, sellers of units in a sectional title scheme face several challenges, including the obligation to ensure that all dues to the body corporate are settled. This requirement, mandated by Section 15B(3)(a)(i)(aa) of the Sectional Titles Act 95 of 1986, restricts the transfer of sectional titles unless a conveyancer’s certificate confirms that all monies due to the body corporate have been paid or provisions satisfactory to the body corporate have been made. A conveyancer can however only issue the required certificate after receiving a body corporate’s assurance, in the form of a levy clearance certificate, that all amounts due to the body corporate have been paid or that provision for payment thereof has been made.
