A reader has enlisted the help of our experts regarding a property he purchased from a deceased estate. In September last year, he signed an offer to purchase in his capacity as trustee of a trust. One of the terms of the agreement was that transfer would take place by November. Shortly after the reader and the executor of the estate signed the offer to purchase, the executor objected to the terms and insisted on a new contract. The original offer was drafted by the agent who was … [Read more...] about Executing a disputed sale
property poser
Rental income is taxing
This week a reader asks our panel of experts to clarify the issue of income tax as it relates to rental income. The reader and her spouse are joint owners of a property, which they rent out. She is no longer employed and this rental currently represents her only income. The rental money is also used to pay the membership fees for their medical aid scheme, of which the reader is its principal member. She would like to know whether she would be able to reflect the rental income and … [Read more...] about Rental income is taxing
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
