Most buyers treat a deposit as a show of good faith. The law treats it very differently. When a sale collapses because of a buyer’s breach, that deposit may be lost entirely.
Advice
A comprehensive estate plan is essential to ensure that we’re on track to leave our loved ones financially secure.
The Constitutional Court recently expanded access to redistribution orders for spouses married out of community of property without accrual, particularly where strict enforcement of an antenuptial contract would produce unfair financial consequences at divorce.
A deck collapsed seven months after transfer. The buyers, convinced they’d been sold a raw prawn, headed to the courts.
The administrators of residential complexes tread a fine line. They must implement and enforce conduct rules for the good of the complex as a whole, but without unjustly impinging on the constitutional rights of individuals.
Your will must always lie at the heart of your estate planning. But don’t concentrate solely on the financial wellbeing of your family after you are gone.
You will have to pay a variety of costs over and above the purchase price. What are those costs and when must you pay them?
Buying and selling a house is probably one of the most important financial transactions you will ever be involved in. Not to mention the emotional aspect of acquiring or letting go of your “home sweet home”.
The car you just bought on instalment sale turns out to be a complete lemon. But when you return it to the dealership and cancel the sale, the bank still enforces the finance agreement and sues you for damages.
If a dispute with your neighbour spirals out of control, and legal intervention becomes inevitable, bear in mind that our courts have signalled strongly that we should make every effort to settle our disputes privately before resorting to litigation.