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Special Levy Trap Weekly Tips

Special Levy Trap

Special levies become binding on those persons who are owners of units in a sectional title scheme on the day the resolution imposing the levy is passed. Therefore if the agreement is silent on the subject, then the seller bears all liability for the levy,…
gareth
January 28, 2017
DRAG (Durban Rates Action Group) Causes

DRAG (Durban Rates Action Group)

In my work as conveyancer, I have become increasingly aware of the debilitating situation that prevails within the Municipality as far as rates clearance certificates are concerned. Every transfer of immovable property in the greater Durban Area requires the issue of a rates clearance certificate…
gareth
January 28, 2017
Asbestos Roofs & Bonds Weekly Tips

Asbestos Roofs & Bonds

Despite what people may think, Banks do grant bonds on such buildings. FNB may call for a ‘clearance certificate’ , but if the roof is in good condition, no problems will be encountered on the bonding side with any of the banks. What is an…
gareth
April 12, 2016
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