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Showing posts from March, 2014

'Phasing out of verbal leases a welcome change'

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See my previous comments on this issue on this Blog, for example HERE . For PROFESSIONAL legal advice on Lease Agreements, contact us at Shepperson Attorneys. Gareth Shepperson Commercial and Property Attorney 'Phasing out of verbal leases a welcome change' Currently, according to rental housing common law, residential leases can be verbal and the only requirement is that the notice periods be given in writing, but this can lead to numerous problems, either in miscommunication or some conditions being forgotten, says Michael Bauer, managing director of the estate agency IHPC.

Overcrowding of rented properties becoming major problem

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Overcrowding of rented properties becoming major problem Landlords need to crackdown on the illegal overcrowding of rented properties says Tony Clarke of the Rawson Property Group. 'When the number of occupants in a rented property increases way above the levels allowed by the local municipality the property becomes damaged and deteriorates.' 'Furthermore, the atmosphere in the area or the complex tends to become 'unpleasant' and in some cases even hostile - particularly when the unit is part of a large multi-unit apartment complex accommodating a great many people.'

New bill shields tenants and landlords

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New bill shields tenants and landlords Two weeks ago, Human Settlements Minister Connie September introduced the Rental Housing Amendment Bill in the National Assembly. One of the major changes is the inclusion of 'maintenance' of the dwelling being leased. It includes 'repairs and upkeep as may be required to ensure that a dwelling is fit or suitable to live in'.

Listed property shenanigans - Property | Moneyweb

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Listed property shenanigans Author: Patrick Cairns There's an unpleasant undercurrent to corporate activity in the sector. CAPE TOWN – Late last week, the listed property sector's second biggest player, Redefine ( JSE:RDF ), announced that it would be acquiring the entire issued capital of Annuity . This added R2.1 billion worth of property to its portfolio, and included a R103 million payment for Annuity's management companies. Last year, the sector's biggest counter, Growthpoint ( JSE:GRT ), concluded a R1.3 billion takeover of Abseq. That deal also included taking over the Equity Estates property management company that was responsible for Abseq's assets.

Deed office fraud to be investigated

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Deed office fraud to be investigated The special Investigating Unit (SIU) has been directed by President Jacob Zuma to investigate theft, fraud, corruption and maladministration in the lodging and processing of deeds on the deeds registration system at the deeds offices in Pretoria, Cape Town and Bloemfontein. This investigation forms part of a wider probe Zuma has asked the SIU to undertake into the affairs of the Department of Rural Development and Land Reform and the State Information Technology Agency (Sita) and its service providers. Last month Zuma directed the SIU to investigate, among other things, corruption, unlawful conduct, serious maladministration, unlawful expenditure of public money or property and intentional or negligent loss of public money or damage to public property.

Pretoria landmark apartments demolition halted

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OH MY WORD! Here we go again.  The Schubart Park Saga continues. Any avid reader of this Blog (if there are any) would realise that I am a long time advocate of the densification of our cities.  It just makes economic sense. In my opinion, going UP makes far more sense than the urban sprawl that results from the construction of thousands of one-storey homes. Unfortunately, the Schubart Park experience is not a very good example for my contention and the failure to bring it to finality is a constant reminder of the negative aspects of "high-rise living". Gareth Shepperson Commercial and Property Attorney Pretoria landmark apartments demolition halted Tshwane has done an about-turn on Schubart Park flats. After insisting the four-block eye-sore will be demolished, the city will now refurbish the troubled high-density blocks of flats. Schubart Park flats which were going to be demolished are now going to be refurbished. The refurbishment will ent

House prices up 8% a year - FNB

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I spent a couple of hours with John Loos from FNB a couple of weeks ago and as always he was entertaining and informative.  I can always recommend that you pay attention to what he says.  You don't have to agree with him on his predictions ( I have disagreed with him in the past on this Blog ) but he always has the facts and figures to support a trend he has spotted or an opinion he has. His articles, reports, etc. are usually available on the FNB website. Gareth Shepperson Commercial and Property Attorney House prices up 8% a year - FNB Average house prices rose last month by 8 percent year on year, which was slightly lower than the revised 8.2 percent in January, FNB said earlier this week. Real house price growth came in at 2.33 percent year on year in January, which was slightly slower than the 2.83 percent real price growth in December. John Loos, a household and property sector strategist, said although house price growth was slower, it was still positive

How to deal with delinquent tenants

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We assist both Landlords and Tenants with the negotiation and drafting of Leases and any disputes that may arise from Lease Agreements. It is always better to seek advice from property experts when dealing with potentially expensive property matters. www.prop-law.co.za Gareth Shepperson Commercial and Property Attorney How to deal with delinquent tenants Tenants are protected by the Prevention of Illegal Eviction from Unlawful Occupation of Land Act, No. 19 of 1998, also known as the PIE Act. This act applies to the occupation of residential property. The purpose of the Act is to ensure that tenants are protected from any unlawful evictions. This however does not mean that they can't be evicted; it simply means that the correct procedures must be followed by the landlord or managing agent, says Adrian Goslett, CEO of RE/MAX of Southern Africa.

Property taxes come under scrutiny

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Over the past few years has been evolving from a social and networking chat shop into an organisation that adds real value to its members.  The article below discusses one of the latest steps in that evolution. Please visit the SAPOA website if you would like more information about this organisation. http://www.sapoa.org.za/ Gareth Shepperson Commercial and Property Attorney Property taxes come under scrutiny The SA Property Owners Association (Sapoa) is pushing ahead with a pivotal initiative to lay bare the current property tax regime in South Africa, with the appointment of Business Enterprise at the University of Pretoria in partnership with specialist consultants Rates Watch.

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!