This week our experts shed light on the transfer process and how long it typically should take. A reader made an offer to purchase a property - subject to obtaining a bond to finance it and selling her existing property within three months. However, the property that she purchased is one of two houses on a piece of land that was to be subdivided into various stands for a cluster housing development. The Section 21 company, which will form the basis of the homeowners' association, has … [Read more...] about Time out for Transfer
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Married With Property
www.MyPE.co.za: This week our panel of experts examines questions from two different readers relating to how the ownership of property is affected by a marriage regime. The first question comes from a reader who acquired a property before she got married in community of property. A further bond was registered in both their names after the wedding. The couple is now divorcing and the reader wants to know whether her spouse can lay claim to the property. The second question is posed by a … [Read more...] about Married With Property
Property ‘acquired’ by twisted sister
www.MyPE.co.za: A reader sketches a situation whereby her sister applied for a bond 20 years ago in order to assist their parents with renovations to their property. The bank would not consent to such a bond unless the property was registered in the sister's name. When the reader's father passed away recently and the sister moved into the property to live with her mother, the issue arose again. She produced a document purporting to comprise a transfer and indicating that she bought the … [Read more...] about Property ‘acquired’ by twisted sister
Freedom (with) rules
www.MyPE.co.za: Our panel has received an e-mail from a reader who has recently moved into a freehold complex where the "house rules" are somewhat of a grey area. She finds no reference to a Homeowners' Association in the Deed of Sale and says she has no access to the property's title deed. Charlotte Vermaak from Chas Everitt Port Elizabeth says a Homeowners' Association is often imposed by the municipality upon a developer as a requirement for the land to be zoned and partitioned in a … [Read more...] about Freedom (with) rules
Landlord Wants to Boot Letting Agent
www.MyPE.co.za: This week's reader question is from a landlord whose letting agent has become a huge source of frustration. The reader says while his tenant pays on time every month and takes care of the leased property, the letting agent avoids his telephone calls and is often late with the transfer of rental payments. This situation has become unacceptable to him as landlord and his questions relate to the cancellation of his agreement with the agent. The existing contract expires at … [Read more...] about Landlord Wants to Boot Letting Agent
