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What happens if a suspensive condition is not met?
Contractual Matters

What happens if a suspensive condition is not met?

A suspensive condition is a term or clause within a contract that clearly stipulates a particular criterion that must be met in order for the contract to come into force. Should the suspensive condition(s) not be met, the contract will be void.

April 25, 2016
All rental income should be declared to SARS
Property Finance

All rental income should be declared to SARS

Income received from investment and rental properties falls into the category of taxable income, and as such should be declared to SARS and included in your annual tax return.

April 25, 2016
What happens to the ownership of my property when I get married?
Contractual Matters

What happens to the ownership of my property when I get married?

There are three types of marriages that one can enter into in South Africa, each of which will have different consequences on the ownership of property.

March 29, 2016
Properties using borehole water must display a sign
Legislative Guidelines

Properties using borehole water must display a sign

Due to a significantly dry winter across the country, and many dams being alarmingly low, severe water restrictions have been implemented in most regions.

March 29, 2016
Beware of Capital Gains Tax when you sell
Property Finance

Beware of Capital Gains Tax when you sell

At first glance, Capital Gains Tax (CGT) may seem like yet another thing to worry about when completing a tax return, but it needn’t cause confusion.

March 29, 2016
Exclusive use area rights must be registered
Contractual Matters

Exclusive use area rights must be registered

Exclusive use areas, a common feature in sectional title properties, often cause uncertainty in the minds of property owners when it comes to rights over this land.

March 3, 2016
Body corporate’s financial statements
Sectional Title Governance

Body corporate’s financial statements

Over and above the structural integrity of a building, when buying into a sectional scheme there are a number of elements that should be inspected closely to make a good investment.

March 3, 2016
If I don’t have a Will, who will inherit my property?
Legislative Guidelines

If I don’t have a Will, who will inherit my property?

Inheritance of assets in a deceased estate, and in particular of immovable property, can be complex.

January 25, 2016
Structural alterations require body corporate approval
Sectional Title Governance

Structural alterations require body corporate approval

It is important for potential owners to understand the benefits and potential drawbacks of buying into a sectional scheme.

January 25, 2016
A bank may require notice to cancel a bond
Property Finance

A bank may require notice to cancel a bond

Paying off a home loan ahead of schedule can be beneficial, but paying close attention to the agreement is important to avoid additional fees…

December 14, 2015
Can I cancel my offer to purchase?
Contractual Matters

Can I cancel my offer to purchase?

A signed Offer to Purchase is a legal, binding document which can only be cancelled under certain circumstances

December 14, 2015
Transfer Duty
Property Finance

Transfer Duty

To whom is Transfer Duty Payable and how is it calculated?

March 15, 2015
Rates & taxes clearance certificate
Contractual Matters

Rates & taxes clearance certificate

Why is it necessary for a Rates and Taxes Clearance Certificate to be issued?

March 15, 2015
The Electrical Compliance Certificate
Legislative Guidelines

The Electrical Compliance Certificate

Who is responsible for providing an Electrical Compliance Certificate?

March 13, 2015
FICA
Legislative Guidelines

FICA

What is FICA?

March 13, 2015