The process of buying or selling a house can be a complex and lengthy procedure. The property transfer process includes legal requirements and safeguards to protect both the buyer and the seller. One crucial aspect of property transfer to understand, is the inclusion of suspensive conditions. These conditions can play a significant role in the...Read More
Owning a property in a sectional title development in South Africa comes with the responsibility of contributing to body corporate levies. These levies play a vital role in maintaining and managing the common areas and shared facilities within the development. As a homeowner, it is crucial to have a clear understanding of body corporate levies...Read More
In South Africa, financial security and integrity are paramount for a stable and thriving economy. The Financial Intelligence Centre Act (FICA) is a vital legislative framework that plays a crucial role in combating financial crime. FICA ensures transparency and promotes a robust financial system. What is FICA? The Financial Intelligence Centre Act (FICA) combats...Read More
Starting a business in South Africa requires compliance with various legal requirements. These requirements includes, Business registration with the Companies and Intellectual Property Commission (CIPC), Obtaining permits and licenses, Tax registration, Compliance with labour laws, Intellectual property protection, Health and safety compliance, Financial reporting, Compliance with industry-specific regulations, Business insurance, and Employment equity compliance. It’s...Read More
The Conveyancing Transfer Process The conveyancing transfer process is a critical procedure that facilitates the smooth handover of ownership from seller to purchaser. This process entails the involvement of multiple parties, each fulfilling a vital role in the transfer process. At the core of the conveyancing transfer process are attorneys, whose expertise is paramount in...Read More
Understanding the Basics As a property owner in a sectional title scheme, it is essential to have a good understanding of what a body corporate is, its role, and its functions. A body corporate is a legal entity created by the Sectional Titles Act, 1986. It is responsible for the management and administration of the...Read More
Here are some of the most common questions the Conveyancer get asked by the Sellers and Purchasers during the Conveyancing Process. WHO DOES THE DEPOSIT GET PAID TO? The deposit is to be paid to the conveyancing attorney attending to the transfer, to be held in their trust account. In the past, the estate agency...Read More
Offer to Purchase The Offer to Purchase (“OTP”), becomes a binding sale agreement to sell property as soon as the seller accepts and signs it (in accordance with the Alienation of Land Act of 1981). No contract is entered into if the seller verbally acknowledges the offer but fails to sign it within the time...Read More
Businesses are finding it difficult to obtain contract renewals as the new year gets underway. A business’s ability to succeed often depends on contract renewals. Selling to a new customer is harder than keeping an existing customer and upselling to them. Customer retention is key, and luckily there are various tactics and strategies that help increase reliable...Read More
On the 7th February 2022 and 8th February 2022, two significant developments took place in the Employment Law arena, these are as follows: – New Earnings Threshold The new earnings threshold, on the 8th February 2022 the Minister of Employment and Labour announced that the earnings threshold has been increased. Previously, the earnings threshold was...Read More