Thought Of The Week Archives - Page 22 of 33

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Thought of the Week | What Happens if I Terminate my Engagement?

Terminating an engagement amounts to a breach of promise. Claims for breach of promise originated in the common law, which recognised that an aggrieved party had a claim in both the law of contract and the law of delict. Previously,

Thought of the Week | Deposits in Sale Agreements of Immovable Property

To 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

Thought of the Week | Addressing Maintenance in Arrears

If you have a maintenance claim in terms of your Divorce Order, you can still enforce the Order. Furthermore, you can bring an application for the recovery of the arrear maintenance due to you. In order to recover the arrear

Thought of the Week | Foreigners continue Their Pursuit of South African Property

Contributed by Hayley Ivins-Downes, Lightstone Many postulated that foreign ownership in the local property market would decrease this year, however, an analysis of current foreign ownership in South Africa shows an increase of 42% in January 2018 compared to the

Thought of the Week | Co-owning a Property and the Bond

Whether 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

Thought 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

Thought of the Week | Western Cape – 10 Ways to Improve the Value of Your Property

Thinking about selling your property or have a client that wants to sell theirs? Here are 10 top tips for quick and reasonably affordable improvements that can help you achieve a better asking price: Outside looks matter Do not underestimate

Thought of the Week | Municipalities Cannot Claim Back Undeveloped Property at Any Time

Municipalities regularly sell vacant property to developers for commercial and residential development. These sales often include a title deed condition that the property must be improved within a certain time period and, if this is not done, then the municipality

Thought of the Week | Restrictive Property Conditions

Whether as the buyer or seller of a property, one is seldom aware of all the conditions contained in that property’s registered Title Deed. This is usually because, where a property is bonded, prospective purchasers never see the Title Deed,

Thought of the Week | #WaterCrisis: Proposed Water By-Law For the Cape

The City of Cape Town Water Dashboard reflects positive rising dam levels after the recent rains, but the Cape is still in dire need of much more. Suggested measured water usage controls include provisions that the City of Cape Town may install