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COVID 19 has changed the way the world operates. The pandemic has led to financial, economic, and political strain, which in turn, have altered the way human beings’ function in what we all once knew as “normality”.
Fortunately, the first vaccine has been approved and is being distributed to countries around the world.
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Before looking at what makes these two types of ownership different, it’s important to understand the concept of ownership and property in the context of South African law.
Protected under our Constitution, no one may be arbitrarily deprived of their property. Though, property law is largely regulated and defined by common law principles which were inherited into our legal system.
Ageing is a natural part of life and it’s something we all must come to terms with. Upon retirement, many choose to down-size their living space and opt for a more affordable and secure home.
In South Africa, buying a property is one of the biggest decisions a person can make. However, a buyer needs to know their rights before they purchase a property so that they enter into a sale agreement that they understand.
When buying a house in South Africa, we know that we must use a conveyancing attorney, but what do conveyancers actually do?
This year has been an interesting one for all of us. It has presented challenges that the world was not prepared for. Who knew going into 2020 that we would be thrown into a pandemic and lockdown?
It’s no secret that the impact of COVID-19 on the residential sector has caused major disruptions in the relationship between the landlord and its tenants. It is therefore important to know your rights when leasing a property.
A breach of contract occurs when one of the parties does not maintain the terms stipulated in the lease agreement.
Both the seller and purchaser have rights and obligations which are laid out in the purchasing agreement. This agreement must be drawn up by a conveyancer and real estate agent.
The main right which the seller may enforce in a purchasing agreement is the Voetstoots clause.
With the sophisticated nature of South Africa’s property regime and the various role players involved in a transaction, lack of proper assistance can easily make the process more complex than it needs to be.
Purchasing a house is not only an asset, it’s also one of the most invigorating things one will ever do.
If you are fortunate enough to be able to purchase your own property, you will soon find out that it’s not as simple as buying a chocolate at the shop.
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