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Sectional Title Schemes
New Northwest Property Management
Administration of estates (Part 2): After reporting the estate
In part one of our series discussing the administration of deceased estates, we dealt with the steps involved in reporting the estate. Once these steps have been concluded, and the deceased estate was reported to the Master’s office, the following is needed for further administration of the estate: Letters to debtors and creditors. Letters will…
Read MoreLatent & Patent Defects, MDF & Voetstoots Clause
Selling Immovable Properties Directly from a Deceased Estate in South Africa: A Guide for Beneficiaries
In South Africa, managing the estate of a deceased person involves several legal and administrative steps. One common question beneficiaries have is whether they can sell immovable properties directly from the deceased estate without first taking the transfer of the property into their names. The answer, generally, is yes, but with important qualifications. When…
Read MoreRepresentation of Entities & Distressed properties
The Gas Lady
Administration of estates: First steps
When it comes to the administration of deceased estates, the first steps, if done thoroughly and thoughtfully, can make the rest of the process much more efficient. Especially, as fast cannot be guaranteed due to third parties involved. With the process being intricate with quite a number of steps, we will break them down and…
Read MoreDeceased Estates
Homeowners Struggle to Sell Properties Amidst South Africa’s Economic Challenges
In the current economic climate, South African homeowners find it increasingly difficult to sell their properties. A combination of high interest rates, stagnant economic growth, and rising living costs has created a challenging environment for the real estate market. High Interest Rates One of the primary factors contributing to the sluggish property market is the…
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