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Sectional title or Freehold? Find out More

Property

Signing documents overseas

How to sign documents for use in a foreign country.. South Africa is a signatory to the Hague Convention which provides a process to follow to sign and validate documents in South Africa if you want to use them overseas. This also applies to sending documents such as degree certificates or copies to another country […]

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Freehold or Sectional Title?

Here's a useful article on the differences between buying freehold property (a house) or sectional title (,a flat or unit in a complex). Essentially a freehold house gives you more freedom but might not be as secure (lock up and go) as one in a complex and owning a house means you will be responsible […]

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Webinar Fri 3 Nov

Following on from our successful last Webinar, you can now register for our "Unlocking the keys to Real Estate success" Webinar ... Fri 3 Nov 2023 11am - 1pm Link to register : Click Here! The Webinar will be presented by a range of experts in the property industry to help de-mystify everything from finding […]

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Leases and load-shedding

Load-shedding theft and loss of service has an impact on leases... There are a number of consequences of load-shedding, which include cable theft while the power is out, cutting of alarm systems without backup, and in general we are facing an increase in theft, water outages etc. This also has consequences for landlords and tenants […]

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Who is responsible for electrical repairs?

Who is responsible for electrical defects? - case study: "We bought a house 5 years ago and received the electrical compliance certificate etc. We have now installed an inverter system and they are unable to provide us with the Certificate of Compliance as the plugs, connections, circuit breakers are a mess. Who is now liable […]

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Property defects on purchase

What happens when a property bought has undisclosed defects .   Case study: "I need legal advice on a property dispute where the previous owners failed to declare defects on the property. "   Mc Naught and Co says: Unfortunately the conveyancing attorneys act as neutral parties attending only to the transfer of ownership from […]

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Who pays Rates and Levies ?

When a property is sold, who pays and when are rates and levies payable? Whilst the sellers are liable for rates and levies up to date of registration of the change of ownership of the property,  the Rates department as well as Body Corporate require an advance payment of rates and levies beyond the anticipated […]

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Ownership and bond names

This interesting question popped up. How can I remove my name from a bank mortgage bond? When you buy a property and get a bank loan (mortgage bond) to pay for it, both the property ownership registration (title deeds) and the bank loan (mortgage bond) need to be in the same names. This means that […]

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Buying a home with defects

Buying a home with defects: case study.. "We recently moved in to our new home (a month in); now we are struggling with major plumbing issues. A plumbing company told us that the plumbing of the home is not compliant so what do we do now? We were not told about anything and are now […]

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 Mc Naught & Co. All rights reserved. •  PAIA Manual  •  Designed by Outlook Orange and developed by Creation Labs
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