Sellers and landlords should adhere to new FIC Act requirements
Implementation of the FIC Act, or Financial Intelligence Centre Act, has as purpose to impose obligations on entities which are recognised as potential vehicles for financial crimes.
Implementation of the FIC Act, or Financial Intelligence Centre Act, has as purpose to impose obligations on entities which are recognised as potential vehicles for financial crimes.
Homeowners and consumers are in for more belt-tightening as the interest rate rises for the sixth successive time with the Reserve Bank hiking the repo rate by another 75 bps to 6.25% per annum.
While the commercial property market appears to have stabilised and poised for improvement according to the second quarter FNB Broker Survey, challenges, including vacancies, remain.
The biggest challenges faced by landlords / managing agents right now are finding quality tenants and managing the remaining tenant arrears.