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Filter: Sale
What to do if the suspensive condition is not going to be met?

15 July 2022

A typical situation encountered in a property transaction: The deed of sale has been signed, the intended buyer is applying... for a loan but paperwork and delays at the bank slow things down. Suddenly the transferring attorney lets the buyer know that they only have a few days left to satisfy the suspensive condition in the deed of sale. What does all of this mean and what happens if the loan is given, but it’s a day late?

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358
Article
Your right of pre-emption when a group of properties is being sold

14 July 2021

I rent a portion of a farm which forms part of a larger group of properties. In my lease agreement... I have a standard right of pre-emption. It has come to my attention that the owner wishes to sell the entire portfolio of properties as a single transaction, including the portion I am leasing. I don’t want to lose the property, but I’m not sure if my right of pre-emption still applies if the group of properties is being sold?

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484
Article
Buying or selling a house during lockdown?

17 August 2020

I was just about to put our house in the market and look for a new place when the Covid-19... pandemic hit. I’m very unsure if now is the time to buy and sell. What do you think?

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378
Article
How to validly extend the period for getting your home loan approved

07 June 2018

I’m trying to buy a house. The purchase agreement is subject to the condition that I obtain a mortgage bond... within 30 days. My time is running out but I’m close to getting the financing approved from my bank. I just need a few more days. Is it possible to extend the 30 day period and if so by when must this be done? I really don’t want to lose this house!

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408
Article
Clarity at last! A new owner is not responsible for the municipal debt of the previous owner

10 October 2017

I’ve been following the running debate in the media over the last few years about whether the municipality can hold... a new owner responsible for the municipal debts of the previous owner. I understand now that the matter has been decided on by the Constitutional Court. But is it really resolved?

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428
Article