Seek legal advice first! Property suretyship

Seek legal advice first! Property suretyship Signing surety for another’s debts carries huge risk. Yet every day directors of property holding companies happily sign personal suretyships for their company’s, usually substantial, debts. Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel …

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What governs Rent2buy?

What governs Rent2buy? The Rent2buy concept is not regulated under the Alienation of Land Act, but rather a formal purchase agreement is drafted (if not already in place) which sets out the purchase price and terms that will kick in once the option to buy is exercised. The buyer usually pays a higher rental than …

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Why there aren’t more Property Instalment sales

Why there aren’t more instalment sales. Since the National Credit Act (NCA) was promulgated at the end of the previous decade, and with recent amendments, an instalment sale agreement is regarded as a credit agreement under the NCA. A seller selling a property through an instalment sale must register as a credit provider under the …

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The answer to all bond declines

The answer to all bond declines. This can almost be seen as the modern-day concept of a peer-to-peer transaction in which the finances of a bank are eliminated and the seller and buyer enter their own financing agreement to pay off the purchase price. The question thus arises: Why is this not becoming a Plan …

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