Leaving South Africa for foreign climes, whether permanently or for an extended period, probably means leaving behind unfinished business or financial affairs, and/or property or other assets needing to be dealt with.
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Building your own home in a residential complex of your choice is an attractive proposition on many levels. Just make sure up front that you will actually be ready to build within whatever deadlines the HOA (homeowners’ association) specifies.
“Landlords grow rich in their sleep” (John Stuart Mill)
We discuss, with reference to a recent Supreme Court of Appeal decision, why taking judgment against a debtor doesn’t automatically clear you to sell it in execution. Even if the house is owned by a trust or a company.
We share some thoughts on the general principle “costs follow the result” and its limitations, then discuss the three categories of legal costs and what they will mean to you in practice.
Property can provide much more than just a roof over your head – it can also be an excellent investment for you, your family, and your business. But it’s becoming increasingly expensive, and for some first-time buyers the only way to bring it within reach is to pool resources and buy jointly with a friend or partner.
A tragic High Court case, in which a cruel twist of fate took a mother before her instruction to a bank to draw a proper will for her could be implemented, illustrates the danger of thinking “it can wait”. It can’t…
It may seem like overkill, and illogical to boot, to insist on a family loan being recorded in a formal contract. But in fact it’s the only logical course of action to take, as we shall find out in the context of a court fight between a daughter and her parents over a R540k “loan”.
As a company director you are not normally at risk of being sued for the company’s separate debts in your personal capacity, but there are exceptions. Both creditors and directors should always bear them in mind.
Buying or selling property puts a lot of your money at stake, so it’s no time to take chances.