New Rules For The Property Sector
President Cyril Ramaphosa has signed the Property Practitioners Act 22 of 2019 (“PPA”) into law. Previously we were uncertain as to when the obligations under the PPA would take effect. However, it has now been determined that the PPA is to commence application as of...
You bought it, Voetstoots!
Sale agreements commonly include a clause stating that the item or property is purchased from the seller voetstoots. This means that the buyer acknowledges that s/he has purchased the property as it is, with all its perfections and all its imperfections. The clause...
What you should know about Suspensive conditions in Sales of Immovable Property
In many cases, sales of immovable property are subject to conditions relating to bond financing or the sale of another property. These are conditions precedents to the sale. In the recent appeal court case of McGrane v Cape Royale The Residence (Pty) Ltd (831/2020)...
COVID-19 Vaccines – Now Compulsory in Gated Communities?
May estates and complexes institute mandatory vaccine requirements? Trustees seeking to implement vaccine mandates may find support in the Sectional Titles Schemes Management Act 8 of 2011 (the “Act”) . Section 7 of the Act stipulates that trustees must act in the...
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