There’s recently been a key update regarding the timing of FICA verification, set out in Guidance Note 7A, which clarifies when agents need to verify their clients. Timing of Verification: What Has Changed? Previously, there was some uncertainty about when Property...
The sale of a house often can often lead to the sale of movable property between the parties. The most common instance of this is the sale of furniture items that are located on the property. Here’s what you need to know. Movable vs Immovable Property During a...
For a lease to be binding there are various essential conditions which need to be defined and agreed upon between the parties. If any one or more of these essential conditions are missing, there is no binding lease. These essentialia include the thing leased, the...
As published in Business Day’s September 2024 Business Law and Tax Supplement. A recent Supreme Court of Appeal judgment highlights the unpleasant long-term consequences which can arise when families do business together without carefully thinking through what...
Some property owners may wish to transfer a property in their personal name into a family trust or business entity. There is a common misconception that this transfer can be done by simply changing the ownership details at the deeds office, but the process is more...
When a sectional title complex is first registered, an automatic consequence is that a Body Corporate is automatically formed, and all owners of sectional title units must become members of the Body Corporate. The Body Corporate is then obliged to run the affairs of...
