“… a property is an asset to enhance economic activity, growth and development…”
Property
"A great deal is at stake in the transfer of fixed property. It is generally the largest single asset that a person owns and the transaction for the purchase or sale of a fixed property is probably the most important contract undertaken by individuals” (Law Society of South Africa)
“Consequential Loss: This is loss not directly caused by the insured event, but is an indirect result of the event. This is loss or damage that was not foreseen by the insurer or the policyholder at the time the policy was taken out. Consequential loss is in many instances not covered and cover is dependent on the risk that the policy covers” (South African Insurance Association definition)
“PIE recognises that in appropriate circumstances the right to full exercise of ownership must give way, in the interest of justice and equity, to the right of vulnerable persons to a home.”
“In common law, everyone is in general permitted to use their property for any purpose they choose, provided that the…
“Bankruptcy - a fate worse than debt” (Anon)
"There is never a wrong time to buy the right home" (Anon)
A recent High Court decision dealing with the tragic drowning of a toddler highlights once again the legal dangers faced by property owners who let out accommodation to the public.
Property subsidence is every homeowner’s nightmare. Perhaps you’ve noticed those cracks in the living room wall widening alarmingly, or perhaps…