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Property Law Update | Issue 21 – 2024

CAN ONE LOSE THE MONEY PAID FOR A LIFE RIGHT IN A RETIREMENT SCHEME? Herold Gie and Broadhead Inc v Harris N O and Others (602/2023) [2024] ZASCA 125 (13 September 2024) The Housing Development Schemes for Retired Persons Act

Property Law Update | Issue 20 – 2024

COURT SCRUTINISES WHETHER PROPERTY BROKER’S SERVICES REQUIRED FAIS REGISTRATION Jurie Wynand Van Dyk t/a Van Dyks Property Brokers v M3T Developments (Pty) Ltd (1478/2023) [2024] ZAWCHC 219 (23 August 2024) This dispute involves a property broker’s claim for commission after

Property Law Update | Issue 19 – 2024

A POTENTIAL ‘RIGHT TO ACQUIRE PROPERTY’ AFTER MAKING A VALID OFFER, CAN BE PROTECTED BY WAY OF AN INTERDICT Vumazonke and Another v Rheeder and Others (835/2024) [2024] ZAECELLC 35 (16 July 2024) This judgment deals with a battle between

Property Law Update | Issue 18 – 2024

IS WAIVER OF A CONTRACTUAL RIGHT PROHIBITED BY A NON-VARIATION CLAUSE? Phoenix Salt Industries (Pty) Ltd v The Lubavitch Foundation of Southern Africa (330/2023) [2024] ZASCA 107 (3 July 2024) In this matter, the Supreme Court of Appeal considered whether

Property Law Update | Issue 17 – 2024

BANK’S PRE-AGREEMENT STATEMENT AND QUOTATION CONSTITUTES LOAN APPROVAL ‘IN PRINCIPLE’ Setso Property Fund (Pty) Ltd v Manama (2023/0027101) [2024] ZAGPJHC 592 (21 June 2024) In this rare instance where a seller chose to enforce an agreement against a defaulting purchaser,

Property Law Update | Issue 16 – 2024

HOLDER OF A RIGHT OF EXTENSION IN A SECTIONAL TITLE SCHEME: WHEN DOES LIABILITY FOR MAINTENANCE CONTRIBUTION ARISE? Club Kerkira (Pty) Limited v Trustees of Club Kerkira Body Corporate and Others (D11451/2021) [2024] ZAKZDHC 40 (4 June 2024) For the

Property Law Update | Issue 15 – 2024

SURETYSHIPS DO COME BACK AND HAUNT YOU Standard Bank of South Africa Limited v Van Staden and Another (10690/2023) [2024] ZAWCHC 142 (28 May 2024) In this judgment, the court was asked to make a finding on some tricky arguments.

Property Law Update | Issue 14 – 2024

IF THERE IS NO PRIOR AGREEMENT ON THE COMMISSION AMOUNT, IS IT THEN NOT PAYABLE? Golden Rewards 120 CC t/a Remax Marine v M3 Holdings (Pty) Ltd (D42/2019) [2024] ZAKZDHC 22 (10 May 2024) This judgment speaks volumes about commonplace

Property Law Update | Issue 13 – 2024

INCONSISTENT APPLICATION OF RULES IN AN HOA & THE CSOS ADJUDICATOR’S RESPONSIBILITY Reddy and Another v Cedar Lakes Homeowners Association NPC and Others (A018904/2022) [2024] ZAGPJHC 468 (17 May 2024) One would think that, with photographic evidence showing that an

Property Law Update | Issue 12 – 2024

RELIABILITY OF PROPERTY VALUATIONS WHEN EXECUTION IS SOUGHT SB Guarantee Company (Pty) Ltd v De Sousa (2023/035447) [2024] ZAGPJHC 459 (6 May 2024) When a financial institution makes application to court to declare a person’s home specially executable, submission of

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