PropertyaskEkow - Entrepreneurship, Real Estate, Personal Finance

The condition of the property often becomes a contentious issue after registration of the property or conclusion of a lease, when the purchaser or lessee finally takes occupation of the property and realises that there are defects that were never identified or disclosed.

The voetstoots principle is usually contained as a standard clause in property sale agreements. The voetstoots clause will stipulate that the purchaser buys the property from the seller as it stands, thereby indemnifying the seller against claims for damages in respect of any defects on the property, whether patent or latent.

S67 PPRA This section aims to reduce disputes about property conditions by requiring property practitioners, like estate agents, to use a Mandatory Disclosure Form. A practitioner must not accept a mandate without a completed and signed form from the seller or lessor. They must provide this form to any prospective buyer or lessee. The signed form must be attached to any sale or lease agreement. If the form is missing, the agreement is still valid but will be considered as if no property defects were disclosed. Purchasers can still inspect the property before finalizing the transaction.

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Frogs are known for their go through
transformation during their lifetime. They start as tadpoles, which are small and aquatic. They then transform into land-dwelling frogs with long legs and can jump high.

If you're like a frog you are inclined to experience considerable success, effortlessly moving from one triumph to another. 🐸

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The biggest barrier to expanding your property portfolio is usually the financing options that are available. We will look at a few options that you can look into.

How-to-finance-your-first-investment-property