Sale Agreement remains valid Agreements concluded before the death of either party to a sale agreement, where transfer hasn't taken place yet, remain valid and enforceable. The death of a party would however cause inevitable delays and in some instances…
In terms of Sec 35 of the Income Tax Act, the purchaser of a property (usually the conveyancer on his behalf) is obliged to pay over to SARS, 5% of the gross purchase price on transfer of the property. In…
In the matter of Phepeng and Another v Estate Late Ame Combrinck and Others (792/2017) [2017] ZAFSHC 54, a property was sold ‘subject to a loan offer, quotation and pre-agreement’ from a bank. The purchaser received a loan offer from…
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…
Property Owners, Developers and Home Owners' Associations can be fined R10m or face imprisonment for non-compliance
Agents spend much time marketing and advertising property, which eventuates in the signing of a sale agreement – only to find that on closer scrutiny, the agreement was not worth the paper it was written on, and many thousands of…