Advice &amp; News

Market News

2019 Year-end wrap up: Jansen Snyman

A very dear friend has reminded me on numerous occasions that one must not let yesterday take up too much of today. However, the end of a year does provide good perspective and an opportunity to glance back over the past year while keeping a clear focus on the future.

December 5, 2019

Attorney Trust Accounts

One of the fundamental components of being a legal practitioner is acting as a fiduciary of client funds which comes with a duty of care and significant responsibility.

December 5, 2019

Property Registration and Transfer Costs: Responsibilities Defined

A property transfer comes along with significant expenses, but being well informed about what registration and transfer costs you can expect to incur means that you can plan carefully and avoid any unpleasant and costly surprises.

December 5, 2019

Court ruling: Trust Monies

In the recently decided 2019 case of Jurgens and another v Volschenk, the Eastern Cape Division of the High Court made it clear that the utmost care must be taken by attorneys when handling trust money or dealing with a client’s finances, and that failing to do so will have severe consequences.

October 31, 2019

Is the deeds registries system ready for a change?

The final step in the property transfer process is registration of the new title deeds in the Deeds Office. With the recent introduction of new legislation (the Electronic Deeds Registration System Act), we take a closer look at what this means for the registration process.

October 31, 2019

Trustees' Powers and Duties in Property Transfer

There often comes a time when a beneficiary becomes entitled to take transfer of a property that is registered in the name of a trust. When this happens, there are a few options available to the trust in order to put this into effect.

October 31, 2019

The Electronic Deeds Registration Act

The Electronic Deeds Registration System Act 2019 and the Property Practitioners Act of 2019 (repealing the Estate Agencies Affairs Act 112 of 1976) were signed into law by his Excellency the State President on 2 October 2019.

October 3, 2019

Money laundering and the Financial Intelligence Centre Act

The sale of a property and the transfer of ownership along with the transfer of significant funds opens itself up to fraudulent activity which is why it is important to familiarise yourself with the risks surrounding money laundering and how the Financial Intelligence Centre Act aims to protect citizens.

September 18, 2019

Buying a property with an existing tenant

When purchasing a property with a tenant already in place, certain aspects should always be considered before the offer to purchase is signed.

September 18, 2019

Appointing multiple executors of a deceased estate

The decision of who should be appointed as the executor of an estate can be made by the testator. While it is common for a single person to be appointed, it is also possible for a testator to appoint more than one person to share this role which can bring with it certain added complications.

September 18, 2019

The long lease

There has been a great deal of talk about 99-year leases which seems to have many, including Parliament, in a frenzy. What does a 99-lease entail? What happens at the end of the lease? Can your children inherit this piece of land? Below we answer some of the key concerns when it comes to a long lease.

August 27, 2019

4 common mistakes when selling your home

Whether you’re selling your home for the first time or you’ve done it all before, it’s easy to get caught out by a few common pitfalls. That’s why we’ve put together this guide on four common mistakes and how you can avoid them.

August 27, 2019

Compliance Certificates and Home Inspections

Before a property is sold and registered in the buyer’s name, it’s important that it is compliant with relevant regulations.

August 27, 2019

Property Finance

Fixed vs variable interest rates

You’ve finally found your perfect home, made an offer and applied for finance to assist with your purchase. But when you receive the mortgage letter from the bank, you’re left trying to understand unfamiliar terms and concepts including prime interest rates, repo rates, and fixed or variable interest. Here’s what you need to know to make sense of it all.

July 18, 2019