Legal and Property Advice from the Professionals
This week the panel considers the tax and other financial implications of selling a property that is not your primary residence. The question comes from a reader who has been renting out such a property for a decade and now wishes to sell it. He has obtained a valuation but is uncertain as to what the costs will be on his side. The reader asks firstly about the tax situation and secondly … [Read more...]
The panel has had a question from a reader faced with the "for richer or poorer" aspect of her wedding vows, as she grapples with the issue of property ownership and debt under her particular marital regime. She explains that she and her husband acquired a property jointly before they got married but after their antenuptial contract was drafted. They married out of community of property with … [Read more...]
This week the panel tackles a reader's question about the calculation of levies and explains how special levies are divided between owners in a sectional title complex. The reader describes her complex as consisting of nine units, all of which are roughly the same size, give or take a few square metres. She would like to know whether this means that all owners should pay approximately the same … [Read more...]
A reader has approached our panel about a rental situation that has, quite literally, left her powerless. She writes that she has been renting a property for the last year or so. After a few months, the owner appointed an agent to handle rental matters, including the payment of municipal accounts. The reader dutifully began making her monthly payments via the agent. Unfortunately, it now … [Read more...]
This week our panel examines the familiar topic of sectional title complexes – specifically where the unit owner's responsibility stops and the duties of the trustees and body corporate begin. A reader sets out a scenario in which she was asked by the body corporate to have a gate fitted in her boundary wall to allow the gardening service access to the back garden, which is allocated to her … [Read more...]
This week, our panel of experts deals with a frustrated reader's attempt to purchase a property. The reader says she has signed all the required transfer documents drafted by the conveyancer, but the seller refuses to sign them. When the reader enquired about the delay, she was informed that the seller no longer wishes to sell. Due to a lack of communication from both the agent and seller, … [Read more...]
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