A costly, time-consuming dispute over a security gate between a homeowner and the body corporate of his Cape Town complex highlights the importance of clear rules and compromise for harmonious community living, according to specialist sectional title attorney Marina Constas.
One of the most contentious stages of a lease period is when the lease is terminated, and discussions around the return of the deposit begin.
On 18 March 2022, the Minister of Human Settlements published draft regulations in terms of the Rental Housing Act for public comment.
With the PP Act and Regulations now in full force as of 1 February, property practitioner firms (business property practitioners or estate agencies, inclusive of sole proprietors) will not be able to apply for or renew their Fidelity Fund Certificates (FFCs) without submitting a valid BEE certificate.
Property practitioners have been caught unawares with the sudden increase in conveyancing fees that came into effect on 16 May 2022.
Property practitioners not only have to cope with wide ranging changes to their work environment ever since the new Act came into operation on 1 February this year but are also faced with the digitalisation of the industry.
Real estate agencies have until the end of October 2022 to obtain a B-BBEE certificate to be eligible for their Fidelity Fund Certificates.
So, you have been stressing for months about unpaid rent due from your tenant, and you are unsure how to remedy the situation.
A pressing issue many property practitioners might grapple with from time to time is the validity of verbal agreements between a property owner and tenants.
The South African Institute of Chartered Accountants (SAICA) says South Africa should revisit the possibility of lowering its tax-to-GDP ratio and introducing a tax ceiling.