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The Transfer Process in a Nutshell
'Don’t wait to buy real estate. Buy real estate and wait.' (Will Rogers) Spring is in the air and, as the annual uptick in property sales kicks in, let’s address two questions commonly asked by both sellers and buyers who are unsure about exactly what happens after they sign their sale agreement: How does the transfer process work? How long does it take before the seller gets paid and the buyer becomes the new registered owner? Let’s begin with this simplified 'in a nutshell'
King-Essack & Associates
5 days ago1 min read
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Panhandle Access to Properties – The Mistakes to Avoid
'You aren’t buying a house, you’re buying a lifestyle.' (Anon) As more and more residential properties are subdivided and developed, an...
King-Essack & Associates
Sep 33 min read
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Your House Burns to the Ground: Can You Hold the Seller Liable?
'Time shall unfold what plighted cunning hides.' (William Shakespeare, in King Lear) A recent High Court judgment confirms, yet again,...
King-Essack & Associates
Aug 273 min read
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Explore Comprehensive Legal Solutions in South Africa
In today's complex world, legal matters can arise unexpectedly. Whether you're facing a family dispute, need help with a business...
King-Essack & Associates
Aug 54 min read
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When Does a Property Defect Justify Cancellation? A Costly Case of Buyer’s Remorse
'Look before you leap.' (Wise old proverb) Imagine sealing the deal on your dream property, only to wake up at 3am beset by sudden...
King-Essack & Associates
Jul 233 min read
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A Bond Clause Deadline Whooshes by and a Sale Dies – Can You Revive it?
'I love deadlines. I love the whooshing noise they make as they go by.' (Douglas Adams in The Salmon of Doubt) Contracts often contain...
King-Essack & Associates
Jul 143 min read
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Can a Body Corporate Cut the Power? It’s Complicated
'A body corporate’s lot is not an easy one.' (With apologies to Gilbert and Sullivan) One of a body corporate’s core functions is to...
King-Essack & Associates
Jun 123 min read
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A R4,25m Warning to Choose Your Conveyancer With Care
'Trust me, I’m a lawyer.' (Popular T-shirt slogan) South African property buyers and sellers will have been cheered by news that we are...
King-Essack & Associates
Jun 53 min read
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Why You Should Check That Your Estate Agent is Registered With the PPRA
'All that glisters is not gold ' (William Shakespeare in Merchant of Venice) Buying or selling a home could be one of the most important...
King-Essack & Associates
May 283 min read
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Verify Banking Details Before Paying Any Invoice – You’re at Risk, Not the Creditor
'An ounce of prevention is worth a pound of cure.' (Benjamin Franklin’s warning to fire-threatened Philadelphians in 1736) Cases of...
King-Essack & Associates
May 203 min read
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A Complex Issue: Beware Late Building Penalties
'Home wasn't built in a day.' (Jane Ace, radio comedian) You find the perfect plot on which to build your dream home in a security...
King-Essack & Associates
Apr 304 min read
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Budget and Tax: A Mixed Bag, With Good News for Property
'Good in parts' (Like the curate’s egg) Transfer duty threshold increased by 10% You pay no transfer duty if the property you are buying...
King-Essack & Associates
Apr 252 min read
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Who Appoints the Conveyancer? Your House, Your Choice
'A man’s home is his castle.' (Sir Edward Coke, English common law ruling, 1604) Of course, what we all want to hear at the end of our...
King-Essack & Associates
Feb 193 min read
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How Can I Buy Property in South Africa as a Foreigner?
Learn the steps and legalities involved for foreigner buyers in SA's property market.
King-Essack & Associates
Feb 123 min read
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Blue Skies Ahead for Buying Property? Be Prepared with this Buyer’s Checklist
'Don’t wait to buy land, buy land and wait.' (Will Rogers) Summer’s a great time to look for property. Many sellers who’ve been holding...
King-Essack & Associates
Jan 225 min read
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Waiving the Bond Clause to Keep a Sale Alive: Risk Versus Reward
' This sale agreement is no more! It has ceased to be! This is an EX-sale!' (With apologies to Monty Python) A 'bond clause' – standard...
King-Essack & Associates
Oct 16, 20243 min read
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Property: Why Do You Need an Occupancy Certificate Before You Buy?
'…there is no obligation on the [seller] to obtain an occupancy certificate and to furnish it to the [buyers]' (Extract from judgment...
King-Essack & Associates
Sep 18, 20243 min read
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The Garage Door That Had the Complex Up in Arms
'Good fences make good neighbours.' (Robert Frost) When you buy into a community scheme (such as a security estate, complex or apartment...
King-Essack & Associates
Aug 14, 20242 min read
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Home Buyer loses R5,5m in Phishing Scam – Don’t Make the Same Mistake!
'[The buyer] must in the circumstances take responsibility for her failure to protect herself against a known risk' (extract from...
King-Essack & Associates
Aug 1, 20243 min read
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Why an Oral Estate Agency Mandate Isn’t Worth the Paper It’s Written On
'A verbal contract isn't worth the paper it's written on' (Samuel Goldwyn) Perhaps you are a seller marketing your property through an...
King-Essack & Associates
Jul 5, 20243 min read
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