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What to do if tenants do not pay their rent

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Don't hesitate - Call us if you have any landlord/tenant problems. Before it's too late. Gareth Shepperson  Click HERE to visit us on Facebook  What to do if tenants do not pay their rent If a landlord finds himself in a situation where a tenant is not paying his rent, then it is best to initiate legal action as soon as possible to avoid months of lost income in rent, says Michael Bauer, general manager of IHFM, the property management company. This, however, does have its pitfalls and can take a long time to process, but there are few things that have to be remembered so as to follow the correct procedures and "do things by the book". A summons will have to be issued, stating the claim for the rent that is outstanding and it is issued via the court by a sheriff. There are, however, two types of summons that the landlord could have served on the tenant: an ordinary summons or a rent interdict. If the landlord finds that the tenant ignores the summ

Be vigilant when signing contracts and making changes

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Buying or Selling your residence is probably the BIGGEST investment that an individual will make during his/her lifetime. However ... ASTONISHINGLY ... the vast majority of people "blunder" through the whole process with no legal representation or inadequate legal representation. Please use an attorney specialising in property law to assist you.  Although the Seller is customarily the party who appoints the Transferring Attorney, the parties often simply rely on an attorney appointed by the Estate Agent, Bank or anyone willing to give his two cents worth.  Do some research and make sure that the firm is a reputable property specialist.  If the other party appoints the Transfer Attorney, then at the very least ask your own attorney to look at anything you are asked to sign ... especially the Offer to Purchase. The cost of approaching your attorney pales into insignificance when compared with the cost of not doing so! Gareth Shepperson  Click HERE to visit us on Fa

Residential property stock tightens while sellers cut prices, wait longer

Residential property stock tightens while sellers cut prices, wait longer Signals in the residential property market about a recovery are mixed. The estimated average time a house remains on the market before being sold and the estimated percentage of sellers who had to reduce their asking price to conclude a sale both increased in the first quarter of this year from the previous quarter, according to the latest FNB property barometer. But the barometer, based on a national survey of estate agents, also indicated that there had been a noticeable increase in both residential demand and in housing stock supply constraints. Simplistically, a growing supply constraint could be expected to cause a renewed drop in average time on the market and stronger house price growth in the coming quarters if solid demand levels were maintained, FNB household and consumer sector strategist John Loos said. He said a possible explanation for the apparent contradiction was that the short weak eco

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!