How to Avoid Servitude Problems An example of a servitude problem in property development 17 September 2021“I applied to my municipality to have the building plans for the extension of my garage approved. The municipality rejected my proposed extension on the grounds...
The previous owner did not pay. Can the municipality now cut off your electricity? 17 September 2021The municipality has notified me that it will disconnect my electricity supply because there are outstanding payments in respect of my property. However these...
Must I pay capital gains tax if I sell my house? 17 September 2021“I bought my house, which I’ve always lived in since buying it, for about R1 million in 2000, and on my auditor’s advice had it appraised in October 2001 for R1.1 million. Over the years I had about...
Beware the suspensive conditions in the offer to purchase 17 September 2021 “I’ve made a written offer on property that has been accepted by the seller. The offer was subject to the condition that I acquire a mortgage from a bank for the full purchase price within 30...
How about that suspensive condition ? 10 September 2021 “I’ve bought and sold a few houses in my time and have always seen provision being made for a suspensive condition such as that the agreement is subject to a home loan being obtained. I’ve got the gist of what...
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