Sections 6 and 7 of the Exchange Control Regulations provide that the purchase price must be paid to and received in South Africa. The proceeds of the sale have to be received in the Republic within 30 days after becoming so entitled.
“If a new client contacts me, do I need to get his consent?” Yes. You are allowed to collect information about the client from the Internet; but will have to obtain his consent in due course. The general rule is that information must be collected directly from the client – Section 12 (1); but there …
“Collecting POPIA information from Google and LinkedIn” is allowed. Read More »
Make sure your Power of Attorney is compliant. Contact Denoon Sampson Ndlovu Inc for assistance.
A concise 35 minute discussion by Denoon Sampson, on how POPIA affects the man in the street.
Did you know that practically all powers of attorney, received by conveyancers, will not be accepted by the Deeds Office?
One of the most important decisions to make, when signing an offer to purchase, is when should the Purchaser occupy?
The most common option, by far is: “occupation on transfer.”
The law still requires all offers to purchase/sale agreements to be physically signed in “wet ink”; meaning manually signed in liquid ink from a pen.
A recent Eastern Cape High Court Decision (Borcherds v Duxbury) has focused the law on the ever-increasing use of electronic agreements and e-signatures.
Unfortunately, the judgement, instead of giving clarity and guidance, introduces doubt and uncertainty into this fast-growing category of technology.
Did you know that the popular Offer to Purchase condition, “subject to the successful conclusion of the buyer’s sale” is not watertight and puts the buyer at risk?
Here we provide advice to the seller who wishes to sell privately. Carefully drafting a Private Sale Agreement can go a long way to creating a quick and trouble-free property transfer. The worst thing you can do is to just sign and hope for the best. You should first analyse the purchaser and then the …
How To Negotiate A Quick And Trouble-Free Property Transfer Read More »
