Landlords: You cannot cut a defaulting tenant’s water and electricity
“A fundamental principle in issue here is that nobody may take the law into their own hands. In order to preserve order and peace in society the court will summarily grant an order for restoration of the status quo where such deprivation has occurred, and it will do so without going into the merits of […]
Property buyers: The danger of not doing your financial homework
“Look before you leap” (wise old proverb)Don’t let the excitement of buying a property blind you to the necessity of doing your homework before you agree to anything. Look before you leap! It’s not just a matter of buying the right property at the right price – make sure that your finances (and particularly your […]
Buying Property as an Investment – Some Strategies for Success
“The only bad time to buy property is later.” (Steve Bolton) Buying property – whether to live/work in or on a buy-to-let basis – could be one of the most important investments you make. Here are some strategies to help you on your way. Twelve strategies for success Map out your investment goals: Do you […]
Building in security estates: The ‘persuasive sting’ of penalty levies
“… had the respondent imposed more moderate penalties, it would likely not have had the desired effect, or put differently, the same persuasive sting for individuals of substantial means.” (Extract from judgment below) Buying “plot and plan” in a residential complex allows you the freedom to build your own dream house in a secure environment, […]
Owning property jointly – The rewards, the risks, and the remedy
“Co-ownership is the mother of disputes” (old Roman law maxim) There can be big advantages to buying property jointly but be aware of the risks and take steps to lessen them before you put pen to paper. The problem comes if there is a falling-out with your co-owner. Perhaps you come to blows on your […]
Bodies corporate: Forcing access to units, and round robin resolutions
Owning your own property comes with a raft of benefits, including a general right to privacy and control over who can access your property and who can’t. But of course there are exceptions. And apart from the obvious ones, a recent High Court judgment highlights one that is particular to sectional title schemes. It involved […]
FLISP subsidy policy revised – no need for home loan to obtain government subsidy
In March, this year the National Minister of Human Settlements, Mmamoloko Kubayi announced that the Finance Linked Individual Subsidy (FLISP) has been delinked and is no longer just a mortgage only option. Furthermore, partnerships were established with external role-players such as financial institutions, conveyancing attorneys and property developers, granting them access to the Housing Subsidy […]
3 steps to buying your first house
“Happiness is… buying your first home” (Anon) Few things in life can compare to the joy of finally crossing the threshold of your first home. If you are like most of us, you have been dreaming of this day for years and years – it has finally arrived! The financial bonus of course is that […]
Property sellers: Why, how and when to choose your own conveyancer
When you sell your house (or indeed any other property) you are almost certainly dealing with a transaction of major financial importance to you. You will therefore want to do everything you can to ensure a smooth and professional transfer process, with the purchase price being paid out to you as soon as possible. First […]
Selling your home: How to be lucky this Holiday Season
If you plan to take advantage of the Holiday Season to sell your house, your first prize will of course be finding the best buyer, at the best price, as quickly as possible. As always, there’s a degree of luck involved, but you can to a great extent “make your own luck”. So we’ll discuss […]