{"id":2019,"date":"2019-03-25T10:50:52","date_gmt":"2019-03-25T08:50:52","guid":{"rendered":"http:\/\/stbb.co.za\/dev2\/?p=2019"},"modified":"2019-11-04T11:24:04","modified_gmt":"2019-11-04T09:24:04","slug":"issue-05-2019","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/issue-05-2019\/","title":{"rendered":"Property Law Update | Issue 05 &#8211; 2019"},"content":{"rendered":"<h2>AGENCY CONVERTING FROM CC TO COMPANY: EXISTING FFC STILL VALID?<\/h2>\n<h3>Tria Real Estate (Pty) Ltd v Labuschagne and Another (5583\/2018) [2018] ZAFSHC 198 (6 December 2018)<\/h3>\n<p>Where an estate agency converted form a close corporation to a company, are the Fidelity Fund Certificates issued to the close corporation and its members sufficient and compliant with the requirements of the Act for the purposes of the operation of the (new) company and its directors? The judgment answers this question and illustrates the outcome of a dispute between an estate agency and an ex-intern employee regarding restraint of trade and the validity of the agreement they had entered into.<\/p>\n<p><strong>read more<\/strong><br \/>\n<a href=\"http:\/\/www.saflii.org\/za\/cases\/ZAFSHC\/2018\/198.html\">The Judgment<\/a><br \/>\n<a href=\"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/stbb_plu05-2019_s1.pdf\">Summary of the Judgment<\/a><\/p>\n<h2>SELLING A PROPERTY IN CONTRAVENTION OF SECTION 10 OF THE HOUSING ACT<\/h2>\n<h3>Tapala and Another v Tlebetla and Others (89400\/16) [2019] ZAGPPHC 46 (22 February 2019)<\/h3>\n<p>In a complex set of facts where there was fraud and the sale of a property to two different purchasers, issues arose regarding the correct interpretation of section 10 of the Housing Act. This section of the Act finds application in the sphere of sustainable housing developments and it has a prohibition against the sale of a property within a period of 8 years if it was not first offered to the relevant provincial housing authority. The question the court had to determine here was what happens where a sale and transfer occurred in contravention of these principles.<\/p>\n<p><strong>read more<\/strong><br \/>\n<a href=\"http:\/\/www.saflii.org\/za\/cases\/ZAGPPHC\/2019\/46.html\">The Judgment<\/a><br \/>\n<a href=\"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/stbb_plu05-2019_s2.pdf\">Summary of the Judgment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AGENCY CONVERTING FROM CC TO COMPANY: EXISTING FFC STILL VALID? Tria Real Estate (Pty) Ltd v Labuschagne and Another (5583\/2018) [2018] ZAFSHC 198 (6 December 2018) Where an estate agency converted form a close corporation to a company, are the<\/p>\n","protected":false},"author":36,"featured_media":939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[109],"tags":[],"class_list":["post-2019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-law-update"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Law Update | Issue 05 - 2019 - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/issue-05-2019\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maryna Botha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/issue-05-2019\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/issue-05-2019\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Property Law Update | Issue 05 &#8211; 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