Deeds Office Update
Cape Town Deeds Office that it will be open re-open on 13 May 2020
Who may move house under lockdown level 4?
Who can move house 4 under level before 7 June 2020
Lockdown Conveyancing update:
Status update on Master's Office and deed's office - lockdown conveynacing.
COVID-19: Property transactions, the Deed’s Office and the Master’s Office during lockdown
Previous articles have been published by us advising on the impact of COVID-19 and the national lockdown on our daily lives, including that on business and legal practitioners. This article focuses on how the lockdown will affect property transactions as well as the administration of estates.
Advantages to transferring assets into a Trust
What is a Trust? A trust is a legal institution in which a person, known as a Trustee, holds or administers property, movable and/or immovable, separately from his own, for the benefit of the Beneficiaries of the trust, or for the furtherance of a charitable or other purpose. A trust is created by the Founder more...
NEWS FLASH: How does the Budget Speech affect the property market?
Minister of Finance, Mr Tito Mboweni, delivered the National Treasury’s budget for 2020/2021 on Wednesday 26 February 2020. Important to note in relation to the property market is that the transfer duty exemption has been increased to R1 million. From 1 March 2020, transfer duty rates will be as follows: Value of property Rate Up more...
NEWS FLASH: replacing your lost or destroyed title deed or bond document is about to get more onerous and expensive!
Regulation 68 of the Deeds Registries Act 47 of 1937 has been amended. This regulation is used to apply for new title deeds, registered leases or cessions and bonds, amongst other things, when the original has been lost or destroyed. This amendment will come in to force on 2 January 2020. The implications of the more...
Newsflash: Lost title deed and bond amendment on hold!
There has been panic regarding the amendment to regulations 68(1) and 68(11) of the Deeds Registries Act 47 of 1937, which sets out the process to follow when an original deed or mortgage bond has been lost or destroyed. Many will know that to transfer immovable property from seller to purchaser, the original title deed more...
Selling your home: Estate agent vs Private sale?
As a homeowner, buying your home was probably the biggest investment you have ever made. So, when you decide to sell your home, you need to make sure that the process runs smoothly and cost effectively to reap the maximum reward on your investment. There is a growing trend towards selling property privately rather than more...
Where there is a will there is a way…
Drawing up your own will: is professional assistance really necessary? Many people decide to draft their own wills to save costs. However, there are legal requirements which must be complied with for a will to be valid. Often these are not known to the lay person resulting in an invalid will when it is lodged more...
Thinking of tying the knot?
Getting married and planning a wedding is one of the most important days in a person’s life. The focus tends to be on the venue, flowers, the perfect dress and which song to dance to as husband and wife. All too often, people overlook the legal aspects of getting married and the potential ramifications. In more...
Property registered in her name but he paid for it, so who does it belong to?
An Irish man and a South African woman met and fell in love in Ireland. They relocated to South Africa where he purchased a property that he registered in her name. He did this because she led him to believe that as a foreigner with no permanent residency, he could not own property in South more...