AA - 2019

Can I Change My Mind After Signing A Contract? – 25 June 2019

John is eager to secure accommodation at university for his daughter and concludes a lease agreement for a flat near campus. Before commencement of the academic year, she has a change of heart and decides to pursue studies at a different institution. What are John’s rights?…

Estate agents must embrace ongoing training and development – 25 April 2019

With the EAAB (Estate Agency Affairs Board) clamping down on agents trading in the real estate industry who have not renewed or ever applied for their Fidelity Fund Certificates (FFC), as well as disqualifying agents for noncompliance with their Continuing Professional Development, it is now more important than ever to insist on continuous training as an essential part of operating within this industry.

NCA Amendment: Why so controversial? – 27 August 2019

The controversial National Credit Amendment Bill was signed into law last week. It provides for special debt relief measures for over-indebted consumers who earn R7 500 per month or less and whose unsecured debt does not exceed R50 000…

Property Practitioners Bill – 22 of 2019 – October 2019

The Property Practitioners Act of 2019 signed into law by President Cyril Ramaphosa. The Act, signed on Wednesday, October 4, repeals the 43-year-old Estate Agency Affairs Act of 19, and is aimed at improving the functioning of the property market, which includes regulating the buying, selling and renting of land and buildings.

South Africa’s new property laws you need to know about – 2 November 2019

The past few years have seen a number of important new laws and amendments introduced, which are having a drastic effect on selling and leasing of property, says Seeff Property Group. The new Property Practitioner’s Act – which was recently signed into law, replacing the 43-year old Estate Agency Affairs Act – brings important reform to the property industry as a whole and introduces a number of much-needed changes.

Suretyship and a Spouse’s Consent – 11 June 2019

Strydom executes an unlimited suretyship in favour of Engen for the debts incurred by Soutpansberg Petroleum, a company of which he was a director. He was married in community of property at the time, but his wife is not involved in the transaction as it relates to her husband’s ordinary work and business.

The Tenant’s Deposit – 4 June 2019

In lease agreements relating to residential property, the landlord is obliged by the Rental Housing Act to place the amount received as a lease deposit in an interest-bearing account held with a financial institution…

TRANSFER DUTY AND DIVORCE – 23 April 2019

Where a divorce settlement agreement provides that a spouse will acquire sole ownership in the whole or a portion of property registered in the name of his or her divorced spouse, the transaction is exempt from transfer duty..

Your Real Estate Forecast for 2020 – 12 December 2019

When it comes to heading out into the property market in 2020, the predictions may prove to be as trustworthy as the weather forecast, but while there are indeed rays of sunshine falling on certain areas, the storm clouds gathered on the horizon cannot be avoided.