Annetjie Coetsee is a practising Attorney, Notary Public and Conveyancer, operating from both the Cape Town and Helderberg branches of STBB. Her responsibilities include: Director of STBB, branch head of Somerset West office, Executive member and head of the Development Law Unit. The specialized Development Law Unit has nine specialists addressing development requirements in the fields of planning law, environmental law, construction law, renewable energy law and, very importantly, local government law. She is a practicing Conveyancer (dealing with a conglomerate of property related matters such as sectional titles, developments, bonds, transfers and municipal work for local councils). Although she specialises in conveyancing she is a family law attorney, with a special interest in the constitutional law aspects regarding children’s rights. She is part of the marketing department and takes care of the brand development on a national level. Annetjie is further responsible for compliance and reporting initiatives. She is involved with substantial research activities relating to the property market and property investment and communicates interesting and relevant facts to her clients and the media, conducts Legal Updates for banks and estate agents. Her knowledge and insurmountable experience in the property market and connections with key roleplayers in the property industry makes her an invaluable ally to any property investor.

Installment sale agreements and loans

There are various options available to parties in a sale of immovable property regarding the structuring of payment of the purchase price. An agreement between a seller and purchaser amounting to the sale of immovable property in instalments, can bring about uncertainty as to the applicability and implications of the National Credit Act (NCA).

Whether or not the NCA will be applicable to the relationship between the parties, depends largely on the wording and terms of the agreement as the NCA contains extensive criteria. Generally speaking, the NCA will be applicable where the agreement provides for payment of interest or charges payable in addition to the purchase price.

Contact Annetjie for assistance in assessing the applicability and impact of the NCA on your transaction.

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