Lease agreements on Agricultural Property
Did you know that if you register a lease agreement over a portion of agricultural property, the said lease may not exceed 10 years without obtaining ministerial consent from the Minister of Agriculture. For more information regarding leases, over agricultural property or otherwise, contact our office today on 035 792 2011.
Bond Cancellation at the Deeds Office
Sellers, did you know that once the mortgage bond registered over your property is settled (paid up) the bank does not automatically cancel the bond in the applicable Deeds Office register? Should you require the bond to be cancelled, in order to obtain your original title deed, you will need to inform the bank accordingly […]
Legal Tip of the week
Legal proceedings against a government department It frequently occurs that individuals or entities suffer damages as a result of the negligence of a state entity and/or its representatives. For example, when a local municipality fails to pay a person or entity for services provided then such a person or entity would be entitled to claim […]
Selling Commercial Properties
When selling commercial properties, registered in the name of a company or close corporation, some sellers opt to sell the shares in the company or the members’ interest as opposed to transferring title of the property itself. Doing so naturally has many financial benefits for the seller and can often speed up the process of […]
Legal tip of the week, 13 February 2025
Adding an Acceleration Clause Sellers who wish to continue marketing their sought-after property, whilst they wait for fulfilment of suspensive conditions of an existing offer, should consider the insertion of an acceleration clause in the said offer. This clause comes into effect in the instance where a seller receives a further offer (for the same […]
Bothas Inc Monthly Newsletter
FREE TRADE vs TRANSITION (PPRA vs Sakeliga – Fidelity Fund Certificates) Written by Sulize Möller, Director Last year saw some upset amongst those in the property industry with certain changes brought about by the Property Practitioners Regulatory Authority (PPRA). The Authority had taken a decision to insist on compliant B-BBEE certificates being produced by property […]
Guard your property against pre-paid electricity meter tampering
With inflation and more and more people living on or just below the breadline, it is becoming increasingly difficult to stretch funds to cover the costs of living. In tough times people often resort to undesirable measures to survive. An increased amount of prepaid meter tampering and illegal electricity consumption has left many investor Sellers in […]
Legal tip of the Week, 2 December 2024
Small Claims Court – Introduction: The Small Claims Court provides an inexpensive way to resolve minor disputes. The Small Claims Court is meant for the ordinary persons who cannot afford civil litigation and operates in a very informal and cost-effective manner. The Small Claims Court is governed in terms of the Small Claims Court Act […]
Cyber Fraud on the Rise
It is no secret that cyber fraud is on the increase. According to The State of Ransomware 2023 report, as published by Sophos, South Africa saw a 78% increase on organisation cyber-attacks in 2023 compared to the 51% attack rate of 2022.
Elementor #1301
When must a deceased estate be reported? There is a legal duty on the surviving spouse or nearest relative or connection of a deceased person to report the death to the Master of the High Court within 14 days of date of death.