Estate Agents selling commission – 14% or 15% on sales before 1 April 2018 ?
The changes in Value Added Tax will affect Estate Agents Selling Commission as of 1 April 2018. Find out how to prepare for the change.
Articles
Urban Densification
What is urban densification and how does it affect you? The Council has a policy of encouraging more and more people to live and occupy the existing areas within the city of Johannesburg. The practical effect is to allow developers to erect more and more smaller and more compact apartments in the city. The City …
Who pays for the issue of a Rates & Taxes & Levy Clearance Certificate in Johannesburg ?
Find out who, why and how much should be paid for the issue of a Rates & Taxes & Levy Clearance Certificate.
Section 57 Substitution of Debtors under a Bond – What Are They And How Do They Work?
An application in terms of Section 57 of the Deeds Registries Act is an application to substitute the debtor on a bond i.e. an application to “remove someone from the bond”.
An Apostille Certificate – Authentication Of Documents
An Apostille Certificate can only be used to authenticate the origin of public documents, such as birth certificates, etc.
Authentication of documents by way of “High Court Rule 63”
The signature of any legal document, which is to be signed outside of South Africa, must be authenticated. This means that in terms of Rule 63 of the High Court, any contract, power of attorney, affidavit or other document, must have its signature verified by a recognised Governmental authority. The authenticating official certifies that he …
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Opening and Closing Eskom Accounts
Closing of Sellers Eskom Account Where electricity is supplied directly by Eskom, sellers need to finalise and close their account. On the day on which the seller vacates the property, he must phone Eskom (0860037566) or visit the nearest Eskom branch and request a “Move out request” with the final reading, schedule a date and …
Deeds Office Procedure
Lodgement Documents are lodged by attorneys in the Deeds Office. Lodgement clerks are responsible for linking the transfer, bond and bond cancellation. After the batch is linked and handed in for lodgement, the data clerk at the Deeds Office scans the deeds into the DOTS (Deeds Office Tracking System) so that they can be tracked …
Frequently asked Questions and Answers When Buying or Selling a Property
Q: To whom do I pay the deposit? A: Your deposit can be paid either to the estate agency or the conveyancers appointed to handle the transfer. They both have trust accounts where your money will be held pending the registration of transfer. Parties must stipulate in the offer to purchase where the deposit must …
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Can the Municipality demand future payments before issuing a rates clearance certificate?
A recent High Court decision has left everyone believing they cannot, but the judgement is being misinterpreted. The Deeds Registries Act provides that a rates clearance certificate issued by the local authority and valid as at the date of registration of the transfer must be lodged with the other documents for the registration of a …