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Showing posts from 2021

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

What is Land Tenure?

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 LAND TENURE and the PROPERTY INVESTOR What is Land Tenure and how does it affect the property investor? What is ULTRA (Upgrading of Land Tenure Act? How have recent Court Cases changed ULTRA? What about Land Tenure in the former TBVC states? What about the concept of the "Family Home"? We answer these  questions   and more in this video . We have done a series of videos with Taurai Jack of M5 Real Estate (Pty) Ltd , known as M5 Property Addicts, about certain legal aspects of Property Investment and Property Law in general.  The series starts with a look at the solid foundation that all serious Property Investors should establish, namely a solid business structure.  " The most important aspect of making money out of property is preserving and protecting both the property and the wealth that is created. Far too many property investors rush into buying properties without first getting a suitable property investment structure in place. Without a suitable property investmen

Lecture with Love

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A day with the  ENTERPRISE DEVELOPMENT PROPERTY FUND On Tuesday (16 March 2021), I had the most amazing opportunity to present to the enthusiastic students of the EDPF . These are not students who happen to be at university because they didn't know what else to do after school.  These are students who have actually identified real estate as their path in life and are enthusiastic about everything related to property investment and property development. The EDPF provides a transformational opportunity for its students.  Each student receives a tablet with all the course material and additional features pre-loaded.  They don't refer to their students as "students" but as "entrepreneurs". Although it is a three-year academic program, during the 3rd year, the entrepreneur will focus on “Making the business operational” and securing their first deal. The ultimate goal is to ensure each entrepreneur leaves the programme with their very first TITLE DEED, so as t

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!