Thought Of The Week Archives - Page 2 of 33

Thought of the Week | Proving that you are no longer a South African tax resident

South Africa has a residence-based tax system. This means that residents are, subject to certain exclusions, taxed on income received here irrespective of where in the world the income was actually earned. Non-residents in South Africa, on the other hand,

Thought of the Week | The value of your old identity document

The Identification Act 68 of 1997 (“the Act”) has very specific provisions that apply should you come into (re)possession of a lost or stolen identity document (or identity card). You would have had to replace your lost/stolen identity document or

Thought of the Week | More on covid regulations’ impact on commercial lease agreements

As the world adapts to the new normal, legal professionals are tasked with interpreting the obligations of parties to existing agreements in so far as they have struggled to perform as usual as a result of the ever-changing COVID-19 Regulations.

Thought of the Week | Trading in water rights & agricultural land transactions

In the commercial agricultural sector, there existed a longstanding practice in which the holder of water rights who was not utilising the rights, or only using part of the quota, could sell or trade such rights with a third party.

Thought of the Week | Sectional title schemes and generators

When your anxious matriculant is studying for an important test, having a generator on the scheme’s common property to stand in during load shedding is a bonus. Less so if you bought into the same scheme because of its peaceful

Thought of the Week | Nominations and tripartite agreements: Know your law

EASY WAY TO MAKE A QUICK PROFIT X sells an immovable property to Y for R2 million. Before registration in the deeds office is effected, Y on-sells to Z who offered Y R2,5 million for the same property. With spring

Thought of the Week | Converting share block schemes to sectional title

When you stand in front of a block of flats you will not know, without more information about its initial creation, whether it is a share block scheme or sectional title. So where does the difference lie if it is

Thought of the Week | How to increase the size of your section

It is possible for owners of sections in Sectional Title Schemes to extend their sections. This normally happens when an owner requests the body corporate to allow (with consent by Special Resolution) him/her to enclose a balcony or incorporate another

Thought of the Week | Authentication of documents signed abroad but intended for legal use in South Africa

Certain authentication requirements apply to documents that are signed abroad but are intended for (legal) use in South Africa. The documents required for the transfer of ownership of property is one example of documents requiring authentication. How these documents must

Thought of the Week | Five common mistakes that sellers make when signing a property sale agreement

STBB’s conveyancing team advises as follows: In sales of sectional title properties, there often is confusion as to whether or not the exclusive use areas of which the seller enjoys beneficial use form part of the sale. This depends on