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When the property market heats up, sellers are often lucky enough to receive more than one offer to purchase (OTP)at the same time. While it's a great position to be in, it also comes with potential legal and ethical pitfalls - especially for estate agents and sellers who don't follow due process.
One of the most common suspensive conditions in South African property transactions is the "subject to sale" clause - where a buyer's offer to purchase (OTP) depends on them first selling their existing property.
Most property buyers (and agents) understand that a suspensive condition is a clause in the Offer to Purchase (OTP) that suspends the agreement until a certain condition is fulfilled.
The Gap Between B-BBEE and Real Empowerment
Living in a community scheme - whether a sectional title complex, homeowners' association (HOA), retirement village, or share block - means you are part of a community governed by rules. Most of the time, these rules help maintain harmony, safety, and property value. But sometimes, disputes arise: over levies, pets, no
Living in a sectional title complex or estate often comes with rules designed to balance the rights of all residents. One of the most debated topics is whether pets are allowed - and under what conditions. Community Schemes (such as sectional titles and homeowners' associations) are entitled to make rules, but those ru
When buying or selling a property, large sums of money inevitably change hands. Deposits, purchase prices, transfer costs, commissions - the amounts are significant, and so are the risks. Unfortunately, property transactions are one of the biggest targets for fraud and misappropriation of funds in South Africa. That's
When you need legal help, you might wonder: Do I need an attorney? Should I be speaking to an advocate, conveyancer, or even a notary?
When selling property in South Africa, one of the most common questions is: Do I need a compliance certificate before I can transfer the property?
When it comes to acquiring property, most buyers think of the traditional route: purchasing the property directly and registering it in their personal name or in a company. But there's another method that can sometimes offer strategic advantages - buying the company that already owns the property.
Buying a property in South Africa always comes with additional costs, and one of the most common questions is: Do I pay transfer duty, or is VAT included?
One of the first questions buyers and sellers ask is: How long will the transfer of property take?
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