Many people own property in sectional title schemes for investment purposes, and they let out their units to tenants for rental income. With accommodation reservation websites such as Booking.com and Airbnb.com, it has never been easier to find short-term tenants. In schemes that are located in holiday destination
Is a residential lease agreement without an annual fixed-percentage increase legal?
There is nothing unlawful about having a lease that is subject to a variable annual escalation in rental. In fact, this has become somewhat of a common practice of late.
The overriding principle, however, is that
Smaller homes have outperformed both medium- and larger-sized houses since as far back as 2001, with these homes returning growth of 368.5% on a cumulative inflation basis. This is according to John Loos, FNB’s household and property sector strategist, who said that in the same
Hi, I have two questions:
In order to collect the CSOS contributions do we have to open a separate account to deposit the funds into?
What recourse does the body corporate have in recovering levies that are in arrears?
Many thanks. - Irene
Hi Irene, we are
Making the decision to take out life insurance on your spouse is an important financial decision that requires careful consideration. It is essential that you consult with your partner to avoid making costly mistakes.
Lee Bromfield, CEO of FNB Life says insuring the life of your
Over the past few weeks devastating fires have swept across areas in and around Cape Town, creating severe damage to properties, and huge financial losses for the property owners.
Dawie Loots, CEO of MUA Insurance Acceptances, says that consumers who live in areas that are known
Double digit property price inflation in Cape Town means that prices in the city are much higher than elsewhere in the country. Although many dream of moving to Cape Town this has meant that affordable options are often the prime consideration.
The stand-out performance of the
The Western Cape’s Q4 2016 year-on-year average house price growth was 8%, according to FNB House Price Indices. The country’s star performer has slowed for three consecutive quarters from a 10-year high of 10.6% reached in Q1 2016.
“It is likely that, after a recent period
In the past 12 months, 6% of home loans granted were switches from one lender to another. This is according to Peter Swartz and Nondumiso Ncapai, heads customer interaction and business development at Absa Home Loans.
There are many reasons why homeowners switch their mortgages from
We sold a property and the purchaser has submitted a complaint about certain defects in the electricity and plumbing. There was a Certificate of Compliance (COC) issued but it appears that some of the electrical issues do not fall under what is required for a COC document.