ENTOMOLOGIST CERTIFICATES - IS THIS A LEGAL REQUIREMENT?
It has become standard practice over the years, in KwaZulu-Natal to include in sale agreements for improved residential property, a provision compelling a seller to obtain an entomologist certificate, confirming that a property is free of infestation by for example, woodborer.
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ELECTRICAL COMPLIANCE CERTIFICATES - IS THIS A LEGAL REQUIREMENT?
By law, every home owner in South Africa has to have a certificate of compliance, confirming that all electrical installations on the property are reasonably safe. Should any alterations have been made to the property, then in such event a new certificate is to be issued.
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REPAIRS TO WOOD DAMAGED BY WOODBORER
Many buyers believe that once active infestation is discovered, they would be entitled to have damaged wood repaired as well, at the expense of the seller, for example wood rafters or window frames.
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VIRTUAL TOURS ON Privateproperty.co.za
Research has shown that advertising property on the internet is the most effective means to market and advertise property, at just a fraction of the cost of advertising in the printed media.
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CONGRATULATIONS TO OUR BOND GIRLS
Most of the banks assess and report on the performance of their panel attorneys every month. Factors that are taken into consideration are the speed with which we register their bonds, and compliance with their requirements.
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The Do's And Don'ts of Signing a Sole Mandate
Avoid the Death Trap of Double Commission Claims
It makes sense to give one agency the sole mandate to sell and market your property. A sole mandate is an agreement whereby the agency undertakes to actively market and sell a property, to the exclusion of other agencies, for a certain period of time.  According to the rules of the Estate Agency Affairs Board, the agency must also provide the seller with a marketing plan.
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Sale of Company Owned Property
Sale agreements for land owned by a company are usually signed by one director only, who certifies that he or she is duly authorised to conclude such agreement.
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Consumer Will Be King In Terms Of the New Consumer Protection Act
The Consumer Protection Act will kick in and become law as of October 2010. This piece of legislation will be even more far reaching than the provisions of the National Credit Act and contracting parties and estate agents will find it increasingly difficult to enforce and hold consumers to their contracts as the Act will also apply to the purchase and sale of immovable property.
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Holding Your Primary Residence in A Company Or Cc - Tax Break
SARS has proposed a 2 year tax window, which will allow people who currently hold their primary residence through a close corporation or a private company the opportunity to transfer their property into their own personal names.
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Buyer Unable to Secure Bond Finance - Options
Agents often sit with a 'willing seller' and a 'willing buyer', but the buyer is unable to obtain bond finance.
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Sectional Title Act Section 25 - Right to Extend a Scheme
In many developments, the developer may have reserved to himself the right to extend the scheme by, for example, building more units or adding on more floors to a block of flats.
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