As exciting and simple as it sounds, when buying or selling your first home it is of utmost importance to understand what you are signing for, and what are the legal ramifications of your signature.
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One of the most frequently asked questions is why, if the purchaser of the property is paying the conveyancing attorney, the seller has the prerogative to appoint the conveyancer?
There are several key things to know about signing a contract. Signing a contract means you are agreeing to the terms and conditions in the contract and the consequences that follow.
One of the key factors that affect the validity of the contract is your marital status when signing the contract.
There are certain conditions that may be included in your offer to purchase that will need to be fulfilled before your contract is considered valid. These are referred to as your suspensive conditions. The fulfilment of the contract is then delayed until such a time that your conditions have been met.
When dealing with an offer to purchase on a property, one is likely to come across what is known as the “Voetstoots clause”.
Its’ basic purpose is to shield the Seller from any subsequent action by the Purchaser, on the discovery of any defects he/she was not aware of at the time of signing the offer to purchase.
Before purchasing a property in the name of a trust there are a few vital points to consider.
For most people, Land Expropriation does not require much introduction as it has dominated the news and our social media over the last few months.
With household debt levels in South Africa rising, many home owners have turned to bond consolidation in an attempt to better their financial position, by means of utilising a home loan or existing bond account to pay off several other smaller loans.
A buyer of a unit in a sectional title scheme may be worried when the property description in the Offer to Purchaser fails to mention the simultaneous transfer of a Parking Bay or Garage space (“PB1” or “G1” for example).
South Africa is currently seeing the emergence of a new kind of property investor — the “rentvestor”.
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