Parliament’s joint constitutional review committee formally resolved today to recommend an amendment of section 25 of the Constitution to make it clear that expropriation of land without compensation, is possible. President Ramaphosa has given assurances that this is but one
Read MoreTITLE DEED CONDITION ALLOWING RE-TRANSFER OF PROPERTY IF OWNER DOES NOT BUILD ON TIME: CAN THIS REVERSIONARY RIGHT PRESCRIBE? eThekwini Municipality v Mounthaven (Pty) Ltd (CCT 05/18) [2018] ZACC 43 (31 October 2018)) Municipalities regularly sell vacant property to developers
Read MoreTwo Bills that will fundamentally impact South Africa’s property industry were expected to be passed by Parliament this year. In September, the Portfolio Committee (Human Settlements) concluded its first stakeholder engagement meetings on the Property Practitioners Bill. A draft version
Read MoreRecently the first ever property transfer transaction was registered in a deeds office in South Africa where the seller’s Power of Attorney to Pass Transfer was signed with an advanced electronic signature (AES). What is an AES? It is a
Read MoreTo bring about a valid and binding agreement, it is not a legal requirement that a purchaser pays a deposit. However, where a purchaser puts down an amount as a deposit, it generally signals financial ability and a commitment to
Read MoreWhether for financial or other reasons, people often invest in property as co-owners, whereby each owns an undivided share in the property. Many such buyers take the sound precaution to draw up a co-ownership agreement. Buyers in this situation should
Read More