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HIGH DEMAND FOR HOMES IN GATED ESTATES

Rising safety and security concerns amongst South Africans has driven the demand for homes in gated estates and community living through the roof. Security remains a top priority and is the most notable reason for buying in a gated estate.


Lightstone stated that over 80% of properties sold in 2015 were in gated communities. With crime statistics as high as they are, buyers want the peace-of-mind that access control, perimeter monitoring and 24-hour security affords.


But safety is not the only factor; estate living offers an exclusive and upmarket community lifestyle boasting many highly attractive features; such as swimming pools, tennis and squash courts, parks, gyms, clubhouses and even golf courses. Residents are expected to adhere to rules and regulations governing speed on the roads and conduct within the estate; a significant advantage to families with children and pets.

CONFLICT RESOLUTION BETWEEN LANDLORDS & TENANTS

Rental Housing Tribunals are in the process of being established in all provinces in accordance with the Rental Housing Act 1999 and Rental Housing Amendment Bill; many having already had a significant influence on conflict resolution in the rental housing market.

The Tribunals' rulings are as enforceable and indisputable as those made by a competent Court, and landlords and tenants are encouraged to use these services to settle unfair practices legally and fairly, and to avoid taking matters into their own hands. Competent and qualified members of the Tribunal have been appointed by the MEC for this very reason; so both parties can rest easy that their complaints will be dealt with in a fair and just manner.

WHAT FACTORS COULD DELAY THE TRANSFER PROCESS?

  • The seller could be in arrears on the installments of the existing bond, and could have difficulty in coming up with the money.
  • Either/both the buyer and seller could disclose insufficient or incorrect essential information.
  • Any of the parties involved could delay the provision of documentation, guarantees, certificates, employee subsidy documents and so on, on time.
  • A delay in signatures and/or payments of conveyancing documents/costs.
  • Delay by the buyer in obtaining government capital subsidy approval/employee subsidy documents for new bondholders and failure to comply with other requirements of the bank.
  • Special consents in terms of the title deed may need to be obtained.

Article Written by Marie Van Coller 
Marie Van Coller Attorneys & Conveyancers
http://www.marievancoller.co.za/

+27 011 318 1921
+27 086 655 1489

THINGS TO CONSIDER WHEN BUYING PROPERTY

As the saying goes - the early bird catches the worm - and arming yourself with as much information as possible to get the best deal when making one of the biggest investments of your life is, in fact, catching the worm. One can get lost in the utopia of finding the house of your dreams and securing finance without actually paying attention to the unpleasant surprises along the process of buying a house. 

DON'T GET CONNED BY CONTRACTORS

As the year draws to an end many people will be receiving bonuses. Some people may be planning to use their bonuses to carry out long-overdue renovations. Success stories of renovations carried out within budget and time frames are very few and far between. Aubrie Etchells, Principal of E&Y, recently renovated her home and experienced a large amount of stress, trauma and drama; having learnt a few lessons along the way (and possibly a much needed visit or three to the nearest psychologist). Because E&Y cares, we decided to share a few lessons that Aubrie learned during her tumultuous time of renovating:

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