Meumann White Inc

Updates

WHAT YOU NEED TO KNOW ABOUT THE MANDATORY DISCLOSURE FORMS UNDER THE PROPERTY PRACTITIONERS ACT (22 OF 2019)

Section 67 (1) of the Property Practitioners Act No. 22 of 2019 (the “Act”) states that a property practitioner must: “(a)        not accept a mandate unless the seller or lessor of the property has provided him or her with a fully completed and signed mandatory disclosure in the prescribed form; and (b)          provide a copy

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WHAT YOU NEED TO KNOW ABOUT MANDATORY DISCLOSURE FORMS & THE “VOETSTOOTS” CLAUSE

In our last article we looked at the property practitioner’s role in obtaining a Mandatory Disclosure Form as required by Section 67(1) of the Property Practitioners Act as well as the consequences if a property practitioner fails to obtain such disclosure. In this article we will focus on what impact, if any, the Mandatory Disclosure

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REGISTRATION WITH CSOS (the Community Schemes Ombud Services)

Registering with CSOS is important for those involved in managing or owning property within community schemes such as sectional title developments, share block companies, homeowners’ associations and retirement villages. In terms of the regulations to the Community Schemes Ombud Services Act, 2011 (“the CSOS Act”), which came into effect on the 7 October 2016, all

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What is a levy clearance certificate and when can it be withheld

A levy clearance certificate is a document issued by the body corporate or homeowners’ association of a sectional title scheme or a gated community, confirming that all levies and related charges on a property within the scheme or community are fully paid up to date. This certificate is necessary for the transfer of property ownership

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An exclusive use area is defined as “a part or parts of the common property for the exclusive use by the owner or owners of one or more sections” in a sectional title scheme. In essence this means that even though the common property is jointly owned by all owners, a specified owner will have

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  QUESTIONS TO ASK   WHY IMPORTANT?   1 What is the unit number and what is the physical address of the property There is often a discrepancy between the unit number and the physical address of the property. It is important that your description is correct in the sale agreement 2 Has the Developer

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