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Month: July 2020

EAAB didn’t renew PI cover for estate agents

It was recently confirmed that the professional indemnity cover, that the Estate Agency Affairs Board (EAAB) arranged for all estate agents in 2017, lapsed about a year ago and wasn’t renewed without the regulator informing the industry of this yet. 

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Must commission be paid if tenants default?

It happens often that tenants may default on their rental, even more so in the past few months in the aftermath of the COVID-19 pandemic and ensuing lockdown. The question that is often asked is, if landlord is losing out on income, is the agent entitled to full commission?

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Airbnb’s flood rental market

The future for tourism and the need for Airbnb remains uncertain as South Africa and many other countries continue to battle the coronavirus pandemic. Consequently, Airbnb owners had to adapt to survive.

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POPI Act and sectional title complexes

After languishing in the background for a few years, the Protection of Personal Information Act (POPI Act) is now in effect and has significant implications for owners, tenants and executives in community housing schemes like sectional title complexes, apartment blocks, residential estates and retirement villages, says specialist sectional title attorney and BBM Law director Marina Constas.

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Growing the next generation of property leaders

The South African Institute of Black Property Practitioners (SAIBPP) is nurturing the next generation of black property leaders and professionals through various initiatives such as its Bursary Fund and Young Professionals Forum, property education and coaching as well as matching talented students to internship opportunities with corporates.

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POPI: The countdown commenced

The bulk of the provisions of the Protection of Personal Information Act (POPI) finally became operational on 1 July 2020. This means that businesses have 12 months within which to put measures in place that adequately safeguard the personal information that they have of clients, customers and business partners.

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