Sold your property? What's next? What happens when I sell my house or buy? The process of transferring ownership of a property from an owner/seller to the buyer starts with a sale agreement which is then handed to a specialist attorney and is called "conveyancing" - conveying ownership from one person to the new buyer. […]
Someone owes me money. What is the next step to take? In the legal landscape, the commencement of formal proceedings can be a daunting and costly affair. However, there is a step that typically precedes litigation which can be both an effective tool for dispute resolution and a critical element in the legal process: the […]
Whilst the rest of the World has a United Nations' International Human Rights' Day in December, South Africa's is commemorated on the 21st March being the anniversary of the Sharpeville riots which led to the death of a number of protestors and recalls sacrifices made by many in the lead-up to the 1994 elections which […]
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 […]
It's our 39th birthday today. Congrats to all for the perseverance and hard work building Mc Naught and Co. into the industry player it is today. As we enter our 40th year, some achievement in today's competitive and technology driven world, here's to Mark and the staff keeping us at the forefront of conveyancing and […]
AI-generated content – who owns the copyright? Here is an interesting article that appeared in TechCentral... Werina Griffiths, a partner at Adams & Adams, delves deeper into the questions related to copyright ownership of AI-generated content. If a user were to provide an artificial intelligence (AI) program, such as ChatGPT, with a […]
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 […]
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 […]
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 […]
