Archive for June 2020
FOR HOW LONG IS A CERTIFICATE OF ELECTRICAL COMPLIANCE VALID?
In terms of the Health and Safety Act, an owner of a property must be in possession of a valid Certificate of Electrical compliance in respect of the wiring of the property. An issued certificate is valid for as long as no changes has been made to the wiring, connections or plugs. However, when a…
Read MoreWhat you should know before applying for a homeloan.
What you should know before applying for a homeloan. The Covid 19 pandemic has drastically changed the landscape of the property market. We’ve seen many an investor come into financial distress due to non-payment of rental by tenants affected. Those tenants remaining in the units, with difficult recourse to evict, on account of the nationwide…
Read MoreCan a property transfer proceed even if there is a shortfall on the transaction?
The financial consequences of COVID-19 have had a severe impact on all of SA. Many employees were retrenched, temporarily laid off or received reduced salaries causing financial strain and being unable to maintain their monthly bond installments. Many home owners might find themselves in the position that they are obliged to sell their properties due…
Read MoreWho appoints the Conveyancing Attorney for the sale of immovable property?
When a property is being sold, it is the Conveyancing attorney’s responsibility to act in the best interest of the seller, therefore it is the seller’s prerogative to appoint the Transfer attorney. Not all attorneys are conveyancers, before you decide to use an attorney, first visit their website to make sure that they will be…
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