New legislation that came into effect this week on 1 February will effectively repeal the old Estate Agency Affairs Act 1976 (EAA Act). The new Act, the Property Practitioners Act 2019 (PPA), aims to protect the interests of consumers in the property industry.
With the coming into effect of the Property Practitioners Act, 2019 as of 01 February this year, the regulatory landscape will change for estate agents.
No residential rental agent needs to be reminded of the unbreakable golden rule – trust funds must be kept separate from business funds, to ensure landlord and tenant funds are only ever used for the purpose they were meant for.
Living in an estate or housing complex always comes with a host of responsibilities towards neighbours and other tenants.
Buying or selling property is one of the most exciting experiences for most people. However, one should take care not to sign an offer to purchase without fully understanding the implications of all the provisions contained in the agreement.
Moving house is not only stressful – it can be a very expensive exercise, especially if you have just borne the costs of buying a house.
To many home buyers the offer to purchase is the ultimate step in obtaining that dream home or property.
This week Simei Verster, candidate attorney at Neumann Attorneys, addresses two tough issues in the real estate legal world – the Kustingsbrief and selling company property.
Traditionally, mortgage applicants consisted of a two people, married or otherwise, but now banks are launching lending solutions that enable groups of people to buy a house together.
National Wills Week took place this week and emphasised the importance of having a valid will.