Q&A: Lease Agreements and Close Corporation Resolutions

Question: You are a landlord and you entered into a commercial lease with a Close Corporation (CC) as the tenant. Despite all three members of the CC signing the lease, one of the members is now trying to say he never signed the resolution. Is it a legal requirement that all three members of the […]

WHAT IS A REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate in a range of property sectors. These companies have to meet certain requirements to qualify as REITs. Most REITs trade on the major stock exchanges and offer various benefits to investors. Over 25 countries worldwide use a similar REIT model […]

PART 3: STBB’S GUIDE ON MUNICIPAL PROPERTY VALUATIONS FOR HOMEOWNERS – APPEALS

A property owner has a right to appeal the decision of a Municipal Valuer. Section 54 of the Municipal Rates Act 6 of 2004 (MPRA) states that: “An appeal to an appeal board against a decision of a municipal valuer in terms of section 51 may be lodged in the prescribed manner with the municipal […]

Companies Beware! Public Officers, Their Appointment and Their Liability 

What is a Public Officer? The Tax Administration Act 28 of 2011 stipulates that all companies are required to appoint a Public Officer. A Public Officer serves as the representative taxpayer for a company, meaning that this person is, effectively, the face of the company for tax purposes. All actions carried out in this person’s capacity as […]

Beware of Property Scams!

Buying and selling property is a complex undertaking that is being manipulated by fraudsters more and more these days, with scams becoming rife! Property lawyers and financial institutions urge clients to be vigilant and ensure that they verify all the details relating to the transaction, particularly before making any payments. Property scams have serious ramifications, […]

FINING A MEMBER OF A SECTIONAL TITLE SCHEME

The Sectional Titles Schemes Management Act 8 of 2011 (“the Act”) and Regulations do not prohibit Schemes imposing fines on members of the Body Corporate if a member transgresses the Scheme’s Management or Conduct Rules. In this blog post, I will briefly discuss the way in which a Scheme may lawfully amend its governance documents […]

WESTERN CAPE HOUSING MARKET

By John Loos, FNB Property Economist Through 2017 and into early 2018, we saw growth in average Western Cape house prices slow from previous double-digit growth rates to low single digits. We had expected this for no other reason than, after a lengthy period of strong house price growth in the region, ultimately it became […]

EVICTION OF UNLAWFUL OCCUPIERS – HOW DOES IT HAPPEN?

Landlords and managing agents enter into lease agreements with tenants hoping for a smooth and mutually beneficial relationship. Unfortunately, things don’t always go according to plan. This note briefly explains the ins and outs involved in evicting an unlawful occupier from residential premises. What do you mean by unlawful occupier? We will be looking at […]

STBB’S GUIDE ON MUNICIPAL PROPERTY VALUATIONS FOR HOMEOWNERS | PART 3 | SUPPLEMENTARY VALUATIONS ROLL

STBB’S GUIDE ON MUNICIPAL PROPERTY VALUATIONS FOR HOMEOWNERS Part 3 Supplementary Valuations Roll Towns and cities are constantly growing resulting in many new developments. For this reason, municipal valuations are always changing. What does this mean? Well, every day new properties are being built on vacant erwens, properties are consolidated or subdivided or property owners […]

STBB’S GUIDE ON MUNICIPAL PROPERTY VALUATIONS FOR HOMEOWNERS | PART 2 | OBJECTIONS TO THE GENERAL VALUATION ROLL

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