Paying to market and sell in an estate? You are breaking the law
While all estates are certainly not created equal in terms of amenities and property prices, they do all have HOAs, many of which have capitalised on their authority.
While all estates are certainly not created equal in terms of amenities and property prices, they do all have HOAs, many of which have capitalised on their authority.
The battle to get administrative processes and computer management systems in place and working at the PPRA, is continuing, and has now reached another low with huge administrative costs being directed to practitioners, apparently due to technical hold-ups.
Since 2015, many bodies corporate were successful with Utility Disconnection Applications (UDA) in various High Courts in South Africa.
Earlier this year, role players in the real estate industry were caught by surprise when it became apparent that the Property Practitioners Act goes further than only regulating estate agents’ practice.
When a contract is drafted, the termination clause must be considered, and the intention of the parties must be clear when it comes to the duration of the contract and the termination thereof.
Persistent load shedding, at times exacerbated by transmission faults, has plunged South Africa into a power crisis with the real potential to slow growth of an already sluggish economy.
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.
We are in the age of big data. Particularly since the Covid-19 pandemic, not only are agents intrigued by data, but consumers are too.
A great opportunity for property practitioners to provide an additional service to their clients or potential property owners is in the offing with the looming deadline for non-residential property owners to submit and display Energy Performance Certificates (EPC).
One aspect of selling a property that needs to be top of mind with the seller, is the fact that a range of certificates that confirm that the building is in good shape.