THE VOETSTOOTS CLAUSE AND THE EFFECT OF UNDISCLOSED DEFECTS
WHAT DOES VOETSTOOTS MEAN? Every sale agreement of a normal residential property (house and its usual outbuildings) will contain a voetstoots clause. The word voetstoots is the action of buying something ‘as is’, that is ‘just as it stands’ in whatever condition it is, warts and all. An example of the wording of a voetstoots […]
Read MoreENERGY EFFICIENCY & USAGE LAWS: SANS 204 & SANS 10400-XA
impacts on all new buildings and renovations. Up to recently it has been a matter of choice, however now, having an energy efficient building is no longer just the preserve of those wanting to do the right thing. What used to be a voluntary standard is now written into law and has become applicable as of 11 Nov 2011. These […]
Read MoreWHAT IS AND WHAT IS NOT INVOLVED IN INSPECTIONS required before transfer
Information received from the Techno group: Electrical Certificate: The electrical certificate covers the permanent electrical installation which is everything from where the Eskom cables join to the property up to the points where the cables terminate at the appliances, be it a plug outlet, a light fitting or a more permanent connection to a fixed […]
Read MoreA Summary of the New Electrical Fence Certificate
Sellers should be aware that there has been a new addition to the Electric, Gas, Water and Beatle Certificates when transferring a home. Regulation 12 of the Electrical Machinery Regulations to the Occupational Health and Safety Act became effective as from 1 October 2012. The regulation effectively stipulates that : 1. All users […]
Read MoreShould I Buy Property In My Name or in a CC, Company or Trust?
And the 31 December 2012 deadline to transfer into personal name Various entities can hold ownership of immovable property. Transfer can be effected to a natural person in his personal capacity or to a legal entity that is a trust, company (Co) or a closed corporation (CC). There are specific tax implications to consider. Since […]
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