{"id":33842,"date":"2024-01-11T10:11:47","date_gmt":"2024-01-11T08:11:47","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=33842"},"modified":"2024-01-25T16:11:16","modified_gmt":"2024-01-25T14:11:16","slug":"property-law-update-issue-2-2024","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-2-2024\/","title":{"rendered":"Property Law Update | Issue 2 &#8211; 2024"},"content":{"rendered":"<h4>GUARANTEE OR SURETYSHIP: THEIR DIFFERENCES MATTER<\/h4>\n<p>Standard Bank of South Africa Ltd v Wardkiss Property Holdings (Pty) Ltd (9324\/22) [2023] ZAKZPHC 153 (19 December 2023)<\/p>\n<p>The distinction \u201coften turns on a knife edge\u201d, says academics, and telling a guarantee apart from a suretyship is vital before committing yourself to either. The judgment below is a practical illustration of the differences and consequences. This in the context of a company that signed a document, titled \u2018guarantee,\u2019 in respect of a related entity\u2019s obligations to a bank. When the latter was liquidated, the company sought to escape liability, arguing that the terms of the document was really that of a suretyship; that the legal requirements for signature of a suretyship were not complied with and that the document was therefore invalid.<\/p>\n<p><a href=\"https:\/\/www.saflii.org\/za\/cases\/ZAKZPHC\/2023\/153.html\" target=\"_blank\" rel=\"noopener\">The Judgment<\/a><br \/>\n<a href=\"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2024\/01\/stbb_plu02-2024_s1.pdf\" target=\"_blank\" rel=\"noopener\">Summary of the Judgment<\/a><\/p>\n<h4>A SPAT IS NO GREEN LIGHT TO PULL THE CARPET FROM UNDER A STATE OF AFFAIRS<\/h4>\n<p>Bodies Under Construction CC and Others v Permasolve Investments (Pty) Ltd (19457\/2023) [2023] ZAWCHC 326 (20 December 2023)<\/p>\n<p>Believing that you are entitled to charge your tenants added contributions for costs arising from a generator (or any other service rendered to the leased property) is one thing. So is your conviction that your right to do so is provided for in an agreement. But it is quite another thing to, unilaterally, deprive your tenant of his decade long use of the generator; and it is also unlawful, as this judgment shows. Of particular legal interest is the Court\u2019s recognition that the facts established that the use was so closely linked to the tenant\u2019s possession of the premises that it constituted quasi possession, which made it possible for the tenant to launch spoliation proceedings.<\/p>\n<p><a href=\"https:\/\/www.saflii.org\/za\/cases\/ZAWCHC\/2023\/326.html\" rel=\"noopener\">The Judgment<\/a><br \/>\n<a href=\"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2024\/01\/stbb_plu02-2024_s2.pdf\" target=\"_blank\" rel=\"noopener\">Summary of the Judgment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GUARANTEE OR SURETYSHIP: THEIR DIFFERENCES MATTER Standard Bank of South Africa Ltd v Wardkiss Property Holdings (Pty) Ltd (9324\/22) [2023] ZAKZPHC 153 (19 December 2023) The distinction \u201coften turns on a knife edge\u201d, says academics, and telling a guarantee apart<\/p>\n","protected":false},"author":36,"featured_media":24477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_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":[137,109],"tags":[],"class_list":["post-33842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-property-law-update"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Law Update | Issue 2 - 2024 - 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\/property-law-update-issue-2-2024\/\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-2-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-2-2024\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Property Law Update | Issue 2 &#8211; 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