Thought Of The Week Archives - Page 29 of 33

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Thought of the Week | FLISP Financing

The Department of Human Settlements offers a housing subsidy for low income, first time home owners by way of FLISP (Finance Linked Individual Subsidy Programme). Successful applicants will have a combined household income between R3 501 – R15 000; be

Thought of the Week | Record Sale Promises

In new developments it often happens that, at the time of sale, building works in the development are still under way. Such agreements include undertakings regarding the nature and style of building works still to be finalised. A recent High

Thought of the Week | Trusts – Interest On Loans

During the 2016 budget speech Minister Gordhan alluded to the amendment of the taxing provisions pertaining to loans made to trusts to curb the avoidance of estate duty and donations tax. The draft legislation will apply to “direct and indirect

Thought of the Week | Living Annuity: Part Of Accrual In A Divorce?

Simply stated, a living annuity is an investment account or portfolio of investments from which a person can withdraw an income. Living annuities are usually purchased when people retire – they invest their retirement annuities, provident funds and other retirement

Thought of the Week | Transactions Involving Farm Land

There are volumes of case law dealing with disputes arising from the sale of agricultural land, many judgments dealing with issues arising from non-compliance with the Subdivision of Agricultural Land Act. The Act prohibits the transfer of undivided shares in

Thought of the Week | Easy Way To Evict A Tenant?

Many landlords and tenants make use of the Rental Housing Tribunal to resolve disputes that arise during the course of a lease. In the Tribunal, parties represent themselves and if legal guidance is needed, a party will consult with his

Thought of the Week | What Is Home Loan Insurance?

Banks require home loan applicants to take out a homeowner’s insurance policy to cover the risk of damage to the property that may result from natural disasters such as fires, storms etc. The value of the cover is determined by

Thought of the Week | The Tenant’s Rights When You Sell Your House

One frequently receives queries with regard to a tenant’s position where the leased premises is sold, mostly from tenants indicating that they were simply told to vacate before transfer. The point of departure is however that in our law, a

Thought of the Week | Selling Mandate Clauses In Rental Agreements

Some estate and rental agencies include clauses in their standard lease agreements providing the agency with an exclusive sole mandate to find a buyer for the property should the landlord wish to sell the property during the existence of the

Thought of the Week | Title Deed Conditions: Can They Be Removed And How?

There are some options available to a home owner who wants to remove conditions from their property’s title deed. Generally the process is determined by ascertaining in whose favour the condition is registered. If, for example, it is in favour