Thought Of The Week Archives - Page 27 of 33

Blog

Thought of the Week | Changed Home Loan Disclosures Mooted

The Times They Are a-Changin’ These Bob Dylan lyrics jump to mind when one reacts to the continuous introduction of new laws or amendments to existing laws, especially in the property industry sphere. In the past three weeks we reported

Thought of the Week | Property Industry Changes

The Property Practitioners Bill was finally published on 31 March and is open for 30 days for public comment. When promulgated, it will replace the Estate Agency Affairs Act and bring about many changes to the industry. For example, a

Thought of the Week | What’s The Bother With Antenuptials?

Our law determines that if you get married without having entered into an antenuptial agreement before the wedding, you are automatically married in community of property. Accordingly, the assets and liabilities of both spouses become their joint estate, with shared

Thought of the Week | Making Sense Of Interest Calculations

Whether borrowing or investing, interest matters! When borrowing, you would prefer simple interest, but when investing, you would choose compound interest. Why? Simple interest is calculated on the principal amount. If you are the lender, and you advance R1 000

Thought of the Week | Selling Immovable Property Out Of A Deceased Estate

There’s an attractive offer on the table and the surviving spouse wants the executor who was nominated in the Will, to sign the offer to purchase before it is too late. Can he just proceed? A nominated executor must first

Thought of the Week | Trusts – Tax Implications of Interest Free Loans

From 1 March 2017 new and existing interest free, or low interest loans made to trusts by a natural person or a company with a connected person relationship, will be subject to the tax implications of Section 7C. Effectively, the

Thought of the Week | Building Penalties: Don’t Wake Up Late

Typically when buying a stand in a proposed development, the agreement provides that the landowner shall erect a house within a stipulated period, failing which the homeowners’ association (HOA) may impose a penalty. This ensures that the development reaches its

Thought of the Week | Airbnb: A little extra for your own pocket only?

‘AirBnB’ has very fast become a household name. Many people both abroad and in South Africa are making extra income via this and other online platforms which enable them to list rooms, apartments and houses for rental. It is, however,

Thought of the Week | Special general meeting for a sectional title scheme

In a sectional title scheme, there are two types of member meetings, namely the annual general meeting (AGM) and a special general meeting (SGM). A SGM is usually held to debate and approve unanimous or special resolutions relating to matters

Thought of the Week | Gas certificate of conformity

Less commonly known than the trendy gas fireplaces, hobs and gas geysers to which it relates, is the so-called Certificate of Conformity. This certificate, sometimes also referred to as a ‘gas compliance certificate’, is a legal requirement for all permanent