Although a body corporate should not have ‘making a profit’ as their primary function, it is notable that the trustees are tasked with doing all things reasonably necessary for the control, management and administration of the common property, and for the enforcement of the scheme rules in the interest and the benefit of the body corporate…
In respect of immovable property, it is important to note that the divorce order merely records that the party/parties are entitled to a full or half share in the immovable property. Thereafter, transfer of the applicable share in terms of the divorce order, must be registered by a conveyancer in the office of the Registrar of Deeds…
Thanks to the Reserve Bank, interest rates are still the lowest they’ve been in 50 years, bond repayments are less than rent in many areas – but how can you be sure that homeownership is the right move for you?…