Thought Of The Week Archives - Page 18 of 33

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Thought of the Week | Owner not paying levies: What should the body corporate do?

For many of us, our homes are the single most expensive item we purchase in our lifetime and therefore the proper care and maintenance of this investment is of the utmost importance. Owning property in a sectional title scheme has

Thought of the Week | Sale of property from a deceased person’s estate

Patience is a virtue | Buying property from a deceased estate It is not uncommon for an estate agent to be involved in the marketing of a property which is an asset in a deceased person’s estate. But buying from

Thought of the Week | It’s my life right?

Retirement Villages are trending on the property front and potential Life Right Holders are spoilt for choice when it comes to choosing where to settle down for their retirement. The property can be registered as a housing scheme for retired

Thought of the Week | Black Friday 2019: The right to return goods

Black Friday purchases happen in store or online. Whether you have a change of heart or buyer’s remorse, it is good to be forewarned about the legal implications should you wish to return an item bought. It is well known

Thought of the Week | Non-resident Property Buyers

Transferring title in immovable property into the name of non-residents generally follows the same processes as are required in respect of South African property purchasers. In both instances, our land registration system offers new owners security of tenure. However, additional

Thought of the Week | Sectional Title Trustees: Monitor your Managing Agent

If a body corporate member suffers a financial loss due to, for example, an averaged or refuted claim as a result of under-insurance of the buildings in the scheme, the owner is likely to seek alternative ways to recover the

Thought of the Week | Taxed when making donations?

Tax residents of South Africa are subject to donations tax. The act of giving away an asset or disposing thereof at less than its market value, motivated by sheer generosity or disinterested benevolence, could amount to a donation. Donations tax

Thought of the Week | GEPF system and divorce: New rules when making payment to ex-spouse

Historically, Government Employee Pension Fund (GEPF) members were subjected to a “debt model” when they implemented a divorce settlement that made provision for a payment to a former spouse from the Fund. Essentially it was structured in such a way

Thought of the Week | Electronic signatures, Sale Agreements & Deeds Registration

At the beginning of October, the Electronic Deeds Registration Systems Act was promulgated. Once it becomes operative, it will ultimately allow for deeds to be submitted to the deeds office and to be signed by the conveyancer and Registrar electronically,

Thought of the Week | Spare the rod spoil the child?

The question whether parents may chastise their children has finally been answered by the Constitutional Court. Historically, the South African common law allowed for parents to chastise their children provided that it was reasonable. Last year the Gauteng High Court