Blog
Lockdown Regulations – Level 3
Welcome back to all estate agents. Here are all the regulations that apply to during this lockdown period. Lockdown Regulations Level 3
OPENING A SECTIONAL TITLES REGISTER
If you are a developer who wishes to open a sectional title scheme on a property you own or are about to own here are the basic steps: Purchase your piece of land. You don’t have to have taken transfer of this land before getting things started, as long as you know you will at…
REPLACING LOST TITLE DEEDS
Has your client lost their Title Deeds? Here is the new procedure for obtaining a certified (VA) copy Last year we warned you of a change in the process of obtaining a copy (what is known as a VA copy) of a title deed which has been misplaced. The new process was pended for…
ZONING, SPECIAL CONSENT AND SUBDIVISIONS
Zoning of Property & Subdivisions We regularly receive queries about Property zoning. Whilst we are not experts in the field of zoning, we have done some research and asked the experts – Land Surveyors. There are 3 broad categories of zoning – residential, commercial and industrial. 1. Residential Property There are several categories and restrictions…
NEDBANK PILOT PROJECT
Most banks do not allow the transferring attorney and the bond attorney to be the same firm. So we are very pleased to announce that Nedbank has selected Da Costa Incorporated to pilot a project whereby they will allow us to handle the bond and transfer process simultaneously. This means that we will be able…
NEW LEGISLATION YOU NEED TO KNOW
For all home owners If you’re not selling your property, new property legislation usually passes unnoticed. You know that when the time comes, your conveyancing attorney will be up to speed on the latest requirements. But the “geyser law” matters to us all. As from 29 December 2017, every geyser which has been installed, repaired,…
THE LAW YOU CAN NO LONGER IGNORE
Most of us have been ignoring the “Alien Plant Law”, but we can’t do it anymore. Last year, the first home-owner was fined for breaking the law, and this was only the beginning. The National Environmental Management Biodiversity Act was legislated in 2004, and the Regulations and the Alien and Invasive Species Lists were finally…
THE IMPORTANCE OF GETTING THE EXCLUSIVE USE AREAS RIGHT IN A SALE AGREEMENT
I felt the need to write this newsletter as we regularly experience issues whereby we receive a Sale Agreement for a Sectional Title Unit and there is an exclusive use area referred to in that Agreement but the owner is not the registered owner thereof. As you may know, an exclusive use area (EUA) could…
DECEASED ESTATES IN RESPECT OF A PROPERTY TRANSACTION
If you are approached by someone to sell a property which is owned by a person who has passed away, please remember the following: You need to deal with the Representative/Executor of the deceased’s estate who has been appointed by the Master of the High Court and who is authorized to act on behalf of…
DO YOU CARRY ON PAYING YOUR BOND INSTALLMENTS AFTER YOU HAVE SOLD YOUR PROPERTY?
We are often asked by Sellers if they have to continue servicing their bond once they have signed a Sale Agreement to sell their property over which the bank has a bond registered. The simple and definite answer is YES. You are responsible for paying the bank the monthly instalments until date of registration. On…
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