Sellers of property concealing damp problems
Sellers aim to showcase their homes in the best light to attract buyers. However, hastily concealing damp issues with superficial fixes like Polyfilla and paint can prove to be a costly mistake. Damp problems vary in severity, ranging from minor condensation to severe structural threats. Selling a property with undisclosed damp issues can significantly devalue […]
Cybercrime in the field of conveyancing
Cybercrime has become frequent in conveyancing, where immovable property is bought and sold. This is mostly because property sales are high value transactions and thus a natural target for fraudsters. Business email compromise (BEC) is an email-based social engineering attack that aims to defraud its victims. BEC attacks often bypass traditional email filters and blend […]
Constructive Dismissal: When Resignation Becomes Inevitable
Constructive dismissal is a complex and often misunderstood concept in employment law. It occurs when an employee resigns due to the intolerable conduct of the employer, effectively forcing the employee to leave their job. But what exactly constitutes constructive dismissal, and when does resignation become the only viable option? Let’s delve into the intricacies of […]
The Dangers of Ponzi Schemes: Understanding Liquidators’ Powers and Investors’ Risks
Ponzi schemes, epitomised by promises of high returns and early payouts, have long been a source of financial ruin for unsuspecting investors. Recent developments in the MTI (Mirror Trading International) liquidation case serve as a stark reminder of the perils associated with these fraudulent investment schemes. In this blog post, we explore the intricacies of […]
Understanding Property Sales: The Pitfalls of Conditional Acceptance
When it comes to property sales, understanding the intricacies of offers and acceptances is crucial. One misstep in the negotiation process can lead to unexpected consequences, as highlighted in a recent High Court decision. Imagine this scenario: You receive an offer for your property, but you’re not entirely satisfied with the terms. Before accepting, you […]
Capital Gains Tax and International Property Investors
Many wrong assumptions are made when international property investors sell their property in South Africa and receive no guidance or assistance with their CGT. Here are a few facts which may be of interest to these sellers: FACT: if the property is sold in South Africa for a profit, CGT is payable in respect of […]
CITY OF CAPE TOWN THIRD DWELLING ALLOWANCE
DID YOU KNOW? If you own a property within the City of Cape Town municipality and should your property be zoned SINGLE RESIDENTIAL SR1, you are now allowed three dwellings on your property? Previously you would have been limited to two dwellings and also only under certain conditions. However, the following limitations apply to the […]
PROPERTY PRACTITIONERS ACT 22 OF 2019
PROPERTY PRACTITIONERS ACT 22 OF 2019 COMMENCEMENT PROCLAMATION GAZETTED 14 JANUARY 2022 14 JANUARY 2022 PROCLAMATION 45735pr47
CAPE TOWN PROPERTY RATES – WHY SO HIGH?
It is a well-known fact that most property owners in Cape Town are left feeling less than satisfied when the City does its valuations of properties for purposes of determining the annual rates payable in respect of such properties. Every time the new valuations are issued, owners quickly embark on the process of Appealing their […]
JOINT PROPERTY OWNERSHIP
JOINT PROPERTY OWNERSHIP – how best to ensure that each person’s contributions are accounted in case the property must be sold or should a dispute arise There are many reasons why people decide to buy property together with someone else: because they are married or are dating or because they are not able to […]
