What if the buyer defaults?

What if the buyer defaults? Our unique rental guarantee arrangement with Rentmaster provides the seller with peace of mind as the rental collection and distribution is secured and underwritten through Rentmaster, says de Waal. Noting that with the Rentmaster/Rent2buy guarantee, the landlord receives their rental on the first day of each month, the rent is …

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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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Is the Property Instalment Route too complicated?

Is this method of selling dead in the water? Not at all, says de Waal. Luckily, there are a few ways to legally address / overcome the NCA registration process. Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel is here …

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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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Home loan declined?

Home loan declined? The average price paid for a new home in South Africa between January and end-October was R1,12m, while the average approved bond was R893,000, according the statistics from BetterBond. That’s a shortfall of R227,000 and could be the reason for not being able to buy your next home. This is especially true …

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Peer To Peer Property Sales

Peer To Peer Property Sales Peer To Peer Property Sales Hits South Africa Buying property comes with all sorts of challenges. Not only is the purchase itself a large financial outlay but it comes with extra costs such as a deposit, transfer duties and legal fees. These costs, coupled with the increasing difficulty to get …

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