Posts

NOTARIAL BONDS - Can they save your business?

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Does your business sell goods/services on Credit? Does your business buy goods/services on Credit? How do you secure that Risk? In these COVID times, the security that a creditor will hold will be of EXTREME importance. Notary Public Debtors may encumber their immovable property with mortgage bonds or cede various rights in favour of creditors as security (e.g. pledges, cessions, etc.).   There is also Credit Insurance or Factoring that may be used to "secure" the debt. However, a form of security that is often overlooked is notarial bonds. 1. BENEFITS OF NOTARIAL BONDS Commercial convenience Debtors generally have easier access to movable property, as opposed to immovable property. Many debtors have movable property that can be used as security but they are unable to “unlock” the value of these movables because most lenders only want security over land.  A lender who is willing to take security in the form of a notarial bond over movables (which is just as secu

SPLUMA - What is it?

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I was extremely proud to be invited to this Podcast, which is presented by two truly inspiring ladies and to join in the conversation with my friend Nigel Adriaanse from Enterprise Development Property Fund (EDPF). We chat about the  Spatial Planning and Land Use Management Act ( SPLUMA ), which is an essential piece of legislation for every Property Investor or Developer to have some knowledge about. Click Image for Link In this week’s episode, we brought back Nigel   Adriaanse (episode 39),   who introduced us to Gareth Shepperson, a conveyance attorney at Delport Van Den Berg, a law firm in Pretoria South Africa.   We invited Gareth to talk to us about the Spatial Planning and Land Use Management Act because when we started on our journey of real estate investing, we were prevented from buying a property we liked because of this act.   The investor we were trying to buy the property from is actually a seasoned investor with apartment buildings, hotels and guest houses in Mpumalanga,

EASTER with Elegant Corporate Services

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 Celebrate this Easter by securing the future of your Spouse and Children FREE consultation (30 Minutes) 10% discount on New Trusts Payment holiday on the monthly Trustee Fees Contact me at gareth@prop-law.co.za or visit us at www.elegantcorp.co.za Have a GREAT Easter! Gareth & Family

Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!