EXECUTION SALE MUST ADVISE PURCHASER OF EXACT OUTSTANDING RATES
The Sheriff of Johannesburg North v Yellow Dot Property Investments (2013/26871) ZAGPPHC (4 March 2016)
In many jurisdictions it is practice that the Conditions of Sale in an execution sale reflect R nil in respect of the estimate of outstanding municipal rates. Then, once the property has successfully been auctioned, the execution creditor’s conveyancers will obtain the figures and will advise the purchaser thereof. The court here questioned whether, in so doing, the Sheriff falls foul of his/her statutory duties.
ELECTRONIC CONVEYANCING ON THE HORIZON
Deeds Registries Amendment Bill, 2016
(published 10 March 2016)
In order to support government’s land reform programme and otherwise to meet the increased need for electronic service delivery with regards to the deeds registration system, the Department of Rural Development and Land Reform published the Deeds Registries Amendment Bill 2016.
The Department seeks input from stakeholders, to be provided before 4 April 2016 at the addresses provided in the attached Memorandum on the objects of the Bill.
Memorandum on the objects of the Bill