Meumann White News
29 Jul 2009 NON RESIDENTS PURCHASING PROPERTY IN SA
INTRODUCTION
The build up to the 2010 soccer is creating a growing interest among non residents about ...Read More
Published by ROB WHITE
15 Jun 2009 UPDATE ON CHANGES TO ELECTRICAL INSTALLATION REGULATIONS
CHANGE TO ELECTRICAL INSTALLATION REGULATIONS On 23rd October 1992 Electrical Installation Regulations were promulgated in terms of Section 35 of the Machinery and Occupational Safety Act No.6/1983.These regulations made the user/lessor of an electrical installation responsible for the safety, safe use and maintenance of the electrical installation he used or ...Read More
Published by MARIA DAVEY
21 May 2009 RATES
Pensioner Rebates not incorporated in Rates Assessments • Kindly note that the Rates Department does not take Pensioner Rebates on existing rates accounts into account when giving their rates assessments to us when we are doing a transfer. The assessment therefore comes back far higher than the Seller expects. The ...Read More
Published by BRUCE FORREST
19 Mar 2009 FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2008: CORE CHANGES
1. The Financial Intelligence Centre Amendment Act, 2008 ("the Amendment Act") will have significant implications for the Estate Agents profession. 1.1 The functions of the Financial Intelligence Centre ("the Centre") are amended to include:- 1.1.1 The supervision and enforcement of compliance with FICA or any directive made in terms of ...Read More
Published by MARIA DAVEY
18 Mar 2009 LAWDEED
We are pleased to announce our Joint Venture With Lawdeed and our Pietermaritzburg Agents E R Browne Incorporated which will improve our service to you. We can now track the progress of our matters electronically, from the beginning of lodgement until after registration in the Deeds Office. The benefits of ...Read More
Published by BRUCE FORREST
17 Mar 2009 INSTALMENT SALE AGREEMENTS (another way of selling property)
1. Section 4 to 25 of the Alienation of Land Act applies to the sales of immovable property in instalments. 2. The important features of such a sale are: 2.1 The Purchase Price is paid in 2 or more instalments over a period of not less than 13 months. 2.2 ...Read More
Published by BRUCE FORREST
05 Feb 2009 PURCHASER'S COOLING OFF RIGHT
We have had several queries as to whether the prescribed monetary threshold of R250 000 in respect of a purchaser's right to revoke an offer has been increased to R500 000. Please note that there has been no increase- the amount is still R250 000. The Minister of Trade & ...Read More
Published by MARIA DAVEY
08 Dec 2008 THE BENEFITS TO THE SELLER OF GIVING AN ESTATE AGENT A SOLE MANDATE
A seller will often ask of us whether or not they should sign a sole mandate with an estate agent. The thinking is often that by giving an open mandate to many different agents, that the seller has a better chance of selling his property. It should be noted that ...Read More
Published by BRUCE FORREST
20 Nov 2008 SECTIONAL TITLE VERSUS SHARE BLOCK
BACKGROUND There are still many Share Block flats in the Durban and coast region. Prior to the inception of the Sectional Titles Act in 1971, which has since been replaced by the Sectional Titles Act 95 of 1986, developers went the share block route. A share block company was registered ...Read More
Published by BRUCE FORREST
13 Oct 2008 NON COMPLIANCE WITH BUILDING REGULATIONS AND VOETSTOOTS
Odendaal v Ferraris In a recent decision of the Supreme Court of Appeal, handed down on the 1st September 2008 the court considered, inter alia, whether non compliance with the National Building Regulations was a latent defect and whether a seller can accordingly rely on the voetstoots clause in a ...Read More
Published by Haydn Friis