The Changes and how they affect Sectional Title Ownership The Abbreviated Version Establishing a reserve fund to cover costs of future maintenance and repairs to common property, which must be 25% of the annual budget. (i.e. with a R100 000 budget your yearly levy intake must be R125 000) The chief Ombud, local municipality, and… Continue reading Sectional Title Management Act
CONTRACTUAL CAPACITY AND CONDITIONS OF CONTRACT: 1) Elements of a valid and legally binding contract of sale: – In South African Law, the sale of immovable property is governed by The Alienation of Land Act, 1981. – There are 7(seven) essential elements that must be contained and/or adhered to have a valid and enforceable contract… Continue reading
Greetings All For the first installment of the PME Property blog I thought there would be no better place to start than with FICA. These are documents we can start collecting long before any party has signed and a key to ensure a swift transfer process. I will not bore you with the semantics of… Continue reading FICA Act Schlep or Tool?
This is the excerpt for your very first post.