Posts Tagged: Seller

Exclusive Use Areas

Exclusive Use Areas In Sectional Title Properties

Following on from our article on Buying in a Sectional Title Scheme, we delve a bit more deeply into Sectional Title Schemes, more specifically Exclusive Use Areas (EUA). To recap, a Sectional Title Scheme is a complex or development where a person purchases a section together with an undivided share in the common property. Sectional… Read more »

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Finding the right Estate Agent to help you

With the advancement of technology throughout the world, many industries and jobs have changed and/or moved online.  Real Estate is no exception, with online estate agencies popping up left, right and centre.  While some see value in the ability to operate and do things online, when it comes to buying or selling a home, most… Read more »

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VAT

VAT & Property

Recently, after much speculation, then Finance Minister Malusi Gigaba (now replaced by Nhlanhla Nene) announced a raise of the percentage of Value Added Tax (VAT) from 14% to 15%, effective from the 1st of April 2018. While many wonder whether this is the way forward, it should be noted that VAT hasn’t had an increase… Read more »

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electrical compliance

Property Compliance Certificates

A compliance certificate is a document which provides the parties with an assurance that all required safety standards have been complied with.  Some certificates are required under National Legislation such as electrical and electric fence, whereas others are required by Municipal By-Law such as the Plumbing Certificate required by the City of Cape Town. ELECTRICAL… Read more »

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Property Transfer and Bond Cost Sheet

Our property transfer and bond cost sheet gives an overview and simple breakdown of the costs involved when purchasing property in South Africa. These costs include attorneys fees (plus VAT), deeds office fees and transfer duty (for the total transfer costs). Please note that this cost sheet shows approximate costs and you should check the… Read more »

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AboutNonResSA

Signing an Offer to Purchase

We are all aware of the saying “signing your life away”, but do we always take note of what it is we may be signing?  South Africa has one of the best Deeds Registries in the world and while this is great it does mean that the property transfer process has quite a few regulations…. Read more »

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