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Value for rates tips scales when buyers choose where to live

Municipal rates and tariffs - and the efficient delivery of council services in return for such payments - are featuring more prominently in home buyers' decisions about where to live, and are set to become a critical issue.

Posted at 08:20AM Apr 14, 2014 by Editor in Residential  | 

Tenants liable for extra rent if they move out late

When tenants give notice that they are terminating their lease, they should keep in mind the date that they have agreed to vacate the property, because if they don't move out on the agreed date they could become liable for the rent for that month, warns Gail Cawood, letting manager for Knight Frank Residential SA.

Posted at 08:26AM Apr 09, 2014 by Editor in Residential  | 

Property developer fights country estate's 'draconian' rules

A Durban businessman and self-proclaimed champion of the people, reputedly worth almost R1 billion, is fighting to overturn 'draconian' rules at the plush Mount Edgecombe Country Club Estate and this week took the battle to court.

Posted at 07:45AM Apr 07, 2014 by Editor in Residential  | 

Estate owners in court over Hillcrest property development

They say they paid a premium price for privacy and exclusivity, and now property owners in an upmarket Hillcrest housing estate have turned to the court seeking to stop developers from putting up five-storey 'medium density' blocks of flats in front of their plush homes.

Posted at 09:15AM Mar 27, 2014 by Editor in Residential  | 

Zuma's architect made R16.5m from Nkandla

Zuma's architect made R16.5m from Nkandla

Posted at 05:12AM Mar 20, 2014 by Editor in Residential  | 

Breached property lease 'can be torn up'

When a tenant or landlord fails to honour contractual obligations, or performs late, the innocent or aggrieved party can cancel for breach.

Posted at 07:25AM Mar 19, 2014 by Editor in Residential  | 

Standard property leases can be adjusted to suit landlord, tenant

Landlords, particularly DIY landlords, tend to use a general lease agreement that they have possibly bought from their stationers, but they don't realise that they can adjust their lease agreements to fit in with their individual needs, says Michael Bauer, general manager of the managing agents IHFM.

Posted at 09:03AM Mar 18, 2014 by Editor in Residential  | 

Can common property be let in sectional title schemes?

It often happens that creating additional parking in sectional title schemes becomes necessary and the only way to do that is to convert common property into parking bays for the owners.

Posted at 08:52AM Mar 18, 2014 by Editor in Residential  | 

Hout Bay 'lighthouse' shows a way to solve housing crisis

A Hangberg Khoisan descendant and kickboxing teacher who faced forced removal is set to be the first to receive a 'lighthouse' which innovative developers say could help solve the country's housing problems.

Posted at 09:15AM Mar 17, 2014 by Editor in Residential  | 

'Beware pitfalls of high-density sectional title properties'

'About 20 percent of South Africa's high-density sectional title developments are experiencing financial problems. Regrettably, the units in such schemes frequently lose value or, if they do show some value growth, they do so at an unsatisfactory rate.'

Posted at 08:01AM Mar 17, 2014 by Editor in Residential  |