Masonry F/Width Blog

Motivation to keep blogging

Can your neighbour object to building plans?

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Nothing can disrupt a person’s life as much as a dispute between neighbours and even more so when there are building works and renovations involved. Disputes of this nature tend to escalate where one owner decides to build on their property and the neighbouring owner is of the opinion that…

Property Owners: Your Rates Could Quadruple for Unauthorised Land Use

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“The said penalty … was imposed due to the fact that the property was being used in contradiction to its zoning” (extract from judgment below) Municipalities all have the right (and the duty) to regulate land use in their areas, and amongst other sanctions, properties that are used unlawfully or…

Is a Seller held liable to repair a leaking roof after the property is sold?

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Is a Seller held liable to repair a leaking roof after the property is sold? To understand which party is liable, one must appreciate the difference between latent and patent defects. A latent defect is not visible or can be discovered when inspecting the property. This type of defect impairs…

The Seller passed away during the transaction. What now?

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While concluding the sale of an immovable property, the seller will sign a power of attorney, which gives the attorney the obligation and authority to attend to the transfer of a certain property, which has been sold for a certain amount on behalf of the said seller. Each power of…

How the new Property Practitioners Act will impact property developers

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Accreditation and compliance already dominate the operations of South Africa’s property developers – such as ensuring that the necessary certifications are obtained and that the property to be developed follows all the necessary zoning laws. Now, for some property developers, the Property Practitioners Act (PPA) will usher in a new…

Selling property out of a deceased estate

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  If an agreement for the sale of immovable property is concluded and the seller dies before the property is transferred, the sale can still proceed. Upon the seller’s death, his/her estate vests in the Master of the High Court until an executor is appointed. Once appointed, the executor is…

Property Sellers: Why, How and When to Choose Your Own Conveyancer

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“A great deal is at stake in the transfer of fixed property. It is generally the largest single asset that a person owns and the transaction for the purchase or sale of a fixed property is probably the most important contract undertaken by individuals” (Law Society of South Africa) For…

Cancelling Your Bond What You Need to know

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Most homeowners selling their properties have a registered bond that needs to be cancelled with the financial institution that originally financed their purchase. What most homeowners do not realise is the implication of early termination of the bond and the amount of penalties imposed by financial institutions for the early…

Executive Premier Funding Solutions by Prevance Capital

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Executive Premier Funding Solutions by Prevance Capital Are you tired of waiting for lengthy traditional funding methods to be approved? We are excited to announce that have just launched our latest new property finance solution, the Executive Premier Funding Solution, targeted at the experienced, successful property developers and businesses in…

Buying Property from a Company – Should You Buy the Shares or the House?

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“There is never a wrong time to buy the right home” (Anon) You find the house of your dreams, agree on the price and get ready to put pen to paper. The house is in the name of a company, and you are offered a choice – either buy the…

The facts of property auctions

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Buying and selling properties through auction has always been a staple of the real estate market. And to this day, it remains one of the best ways to purchase properties at bargain prices. Unfortunately, numerous misconceptions around properties that go up for auction also exist, some of which are entirely unfounded and can be easily dispelled. “Only properties that have been repossessed by the bank…

The write stuff – electronic signature of sale of property agreements – a sign of the times – by Steven Fisher

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Rapid advances in technology, as well as more people working remotely and avoiding face to face meetings, has resulted in an increase in documents being signed electronically. When it comes to the signature of agreements of sale for immovable property, people are well advised to be cautious before putting their…

10 Things to know when purchasing a property

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Buying a property, especially if it is your first home, is often an emotional and stressful experience. We have identified the top tips in making the process smoother and easier. GET PRE-QUALIFIED FOR FINANCING AND STICK TO YOUR BUDGET Contact a reputable mortgage originator who will assist you with a…

Court finds against EAAB in battle for FFCs

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In a scathing judgement handed down from the High Court on 15 March, the failure of the Estate Agency Affairs Board (EAAB) to issue Fidelity Fund Certificates (FFCs) to the applicant estate agents has been found without merit.   This comes after an urgent application from the Real Estate Business…

Buying and Selling Property: Nine Important Questions

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“Owning a home is a keystone of wealth… both financial affluence and emotional security” (Personal Finance Expert Suze Orman) When you buy or sell your “Home Sweet Home”, particularly for the first time, the process can seem complicated, the terminology confusing, and the risks of making a costly mistake intimidating.…

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