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Thought of the Week | New Monetary Threshold For Small Claims Court
Earlier this month, in a notice published in the Government Gazette, it was confirmed that the monetary jurisdiction of Small Claims Courts will be increased to R20 000 from 1 April 2019 onwards. According to the Justice and Constitutional Development
Read MoreNewsflash | City of Johannesburg Council approved the Inclusionary Housing Incentives, Regulations and Mechanisms
On 21 Feb 2019, the City of Johannesburg Council approved the Inclusionary Housing Incentives, Regulations and Mechanisms 2019. Please see a brief summary below: Requirements and Conditions for Inclusionary Housing Inclusionary housing is mandatory for any development application under the
Read MoreNewsflash | Urgent: Chief Registrar Circular 1/2019
SUMMARY: CHIEF REGISTRAR CIRCULAR 1/2019 – AMENDMENT TO THE VA PROCEDURE & FORM E CONVENTIONAL TITLES The amendments to the VA procedure take effect on 25 February 2019; Attestation by a notary public is impractical and may cause undue hardship
Read MoreThought of the Week | Prohibiting Short-Term Letting In Sectional Title Schemes
Two investors bought properties in a sectional title scheme, specifically for purposes of generating an income from short-term letting. When the properties were purchased there was no prohibition on short-term letting. However, at an annual general meeting held during 2017,
Read MoreThought of the Week | Making a Bequest In Your Will To A Beneficiary Who Is Married In Community Of Property
When you make a bequest in your will to a beneficiary who is married in community of property, the inheritance will fall into the joint estate of that beneficiary and his or her spouse. If a testator seeks to avoid
Read MoreThought of the Week | Common Property Problems Cause Damage to Section: Can I Claim?
The Sectional Titles Schemes Management Act obliges the body corporate to maintain a scheme’s common property. Owners are in turn required to repair and maintain their sections. Is the body corporate, as a result, automatically responsible to arrange and pay
Read MoreOffshore Property and South African REITs
REITs, or real estate investment trusts, are companies that own or finance income-producing real estate in a range of property sectors. These companies have to meet certain requirements to qualify as REITs. Most REITs trade on the major stock exchanges
Read MoreThought of the Week | Gauteng – City of Joburg’s Draft Inclusionary Housing Policy
The City of Joburg’s Development Planning and Housing Department has put together a draft inclusionary housing policy that closed for public comment at the end of April 2018. The draft policy proposes that every new development of ten dwelling units
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