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Property Law in a Nutshell
IMPORTANT JUDGEMENT RELATING TO RULES IN ESTATES On Friday 17th November a full bench of the High Court KZN ruled on the legality of rules imposed by the HOA at Mount Edgecombe. The rules which were questioned were those relating to roads and domestic employees. The court found that: Roads in estates are public roads;...
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Whilst the new Sectional Title Schemes Management Act 8 of 2011 (STSMA) makes provision for a reserve fund to be established by the body corporate of a sectional scheme, the need may still arise for a special contribution to be levied. In terms of Section 21 of the Management Rules of the STSMA, a special...
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Buying and moving into your new home is one of the most important milestones in your life. It should be a happy occasion and not related to stress or debt. Late last year the Pretoria High Court dealt with a case concerning who is liable for municipal debts on a property. On the 29th August the...
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The launch of a new sectional scheme is always an exciting time for both a developer and new property owner. Registration of the opening of the scheme in the Deeds Office is the culmination of many months of planning and hard work, and transfer of sections to new owner’s often takes place simultaneously. It is...
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The new Sectional Title Schemes Management Act 8 of 2011 (STSMA) which commenced on 7 October 2016, provides for 8 prescribed conduct rules in a sectional scheme. This is slightly less than the 11 previously prescribed in the Sectional Titles Act. On the opening of a scheme however, or during the life of the scheme,...
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A new era in the ownership of agricultural land appears to be on the horizon. The government has long held the view that foreign ownership of land especially agricultural land should be strictly regulated. On Friday 17th March, the above-mentioned bill was published for comment, the period for comments will expire on 16th April. The...
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The transfer duty exemption value has been increased by 20%. The first R900 000.00 of the value of a property is now transfer duty free. Important to note is this applies only to property acquired from the 1st March 2017.
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With over 30 years in the industry, Redvers Lee has fine-tuned his technical conveyancing skills through experience. He has built himself a reputation as a problem-solver, particularly within the realm of intricate conveyancing transactions and township registers. Together with his very efficient team at Venns Attorneys – including former deeds office employees – his focus...
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To someone unfamiliar with the conveyancing process, it is something that can seem quite daunting. Finding a conveyancing attorney with an eye for detail and the knowledge and experience to ask the right questions can mean the difference between a transaction running smoothly and frustrating delays. We explore what the average conveyancing process entails here:...
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In a sectional title scheme, trustees are appointed by the body corporate to look after the finances and administration of the scheme on the body corporate’s behalf. A managing agent may be appointed by the trustees to assist them and act on their behalf in the administration of the scheme. As such, it is unsurprising...
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