Property transactions 101: Managing the discovery of defects post-signature
In transactions involving the sale of immovable property, the discovery of a defect by a purchaser after signing a sale agreement is commonplace. From a faulty pool pump to a leaking roof and mouldy cupboards, discovering – and repairing – property defects is a less pleasant element of the property transfer process. In light of the ubiquity of property defects, this article explores how this aspect of the transaction is assessed and managed by a skilled and experienced conveyancer.
Going digital: Government publishes draft EDRS Regulations
As part of government’s plan to digitalise the lodgement and registration of deeds nationwide, the Minister of Land Reform and Rural Development has published the much-anticipated draft Electronic Deeds Registration Systems Regulations (‘EDRS Regulations’) for public comment.
Swimming pools and the law: What you should know
A popular addition to homes and security complexes, swimming pools provide leisure, enhance a property’s aesthetic appeal, and generally increase re-sale value. The installation and operation of swimming pools is, however, governed by various legal requirements. With summer in full swing, this article helpfully explores the legal framework regulating swimming pools in South Africa.
Blouberg: A semigration hotspot
The greater Blouberg area, a coastal suburb located just north of Cape Town, is rapidly becoming one of South Africa’s premier semigration destinations. With its idyllic coastal lifestyle, extensive amenities, and close proximity to Cape Town’s CBD, Blouberg’s property market has experienced remarkable growth, with 38% of purchasers based in other provinces.
‘Fair wear and tear’ explained
In the rental property sphere, the key concept of ‘fair wear and tear’ is frequently included in lease agreements to regulate liability for damage to the property during the leasing period.
Property outlook: SA’s property market is showing clear signs of improvement
While South Africa’s property market has faced fluctuations in recent years, current activity demonstrates clear signs of a recovery. After a downturn due to the COVID-19 pandemic, the market rebounded in 2021-2022 and has seen a 6% year-on-year increase in sales values. Notwithstanding the complexity of the property market, key factors contributing to this recovery include consecutive interest rate cuts by the South African Reserve Bank in the final quarters of 2024, making mortgage financing more affordable, and the formation of a new Government of National Unity, which has boosted economic and political confidence. Additionally, pent-up demand from the pandemic period has contributed to increased sales activity. Despite prevailing challenges, the market outlook remains optimistic heading into 2025.
Interested in investing in South Africa’s resurgent property market? For a seamless property transaction, let our expert conveyancers handle all the legal intricacies.
Reminder: The City of Tshwane offers free inspections for new properties
In a bid to encourage compliance with prevailing building regulations, the City of Tshwane has reminded property owners that newly-built houses or buildings qualify for free inspections, with municipal inspectors issuing occupancy certificates upon completion at no cost. If the building does not pass inspection, however, a re-inspection fee will apply but the occupancy certificate, which confirms that a building is structurally safe, may be obtained at no additional cost.
To secure a free inspection, property owners should contact their regional municipal offices.
For a copy of the approved tariffs for building plans and re-inspection fees, contact bpcontraventions@tshwane.gov.za.
Considering selling or purchasing property in Tshwane? Contact STBB Centurion at 012 001 1546 for dedicated and efficient legal service.
