Businesses have until 01 July to become compliant with the Protection of Personal Information Act (POPIA), but it is important to note that certain regulations will come into effect sooner.
In terms of Regulation 4 to the Protection of Personal Information Act (POPIA), from 1 May all real estate businesses must have an information officer (IO). Who is this information officer? Can anyone be appointed?
The South African rental property industry, like many other sectors, continues to feel the effects of COVID-19 with a shrinking viable tenant pool, lower tenant affordability and high arrears.
In November 2020, property owners were given just 18 months to identify asbestos in their properties and formulate a plan for removal, but almost six months in, very few are aware of the timeline or how best to deal with the toxic substance.
The real estate industry is a tricky business – it is in the best interest of the industry that intern agents receive proper mentorship and supervision yet often this is not the case. What should be done?
2021 will be another challenging year for the world economy, however the global property market looks set again to be a shining star during these difficult times.
As we await finalisation of the regulations that will give effect to the Property Practitioners Act, agents considering PayProp will be glad to know the country’s leading rental payment processor already ticks all the Act’s boxes.
An agency recently enquired about a landlord disclosure report provided to them by a certain property bureau.
One of the biggest challenges to transform the real estate industry may be one which is self-inflicted. There are instances where our credibility within our own estate agencies, as well as within the industry itself may be questionable due to certain unethical practices.
The end of 2020 saw an almost 50% increase in the number of people investing in an additional property, primarily for rental or holiday purposes.