Property News - August 2017
Welcome to our Property Investment Newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends and news.
Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!
A property’s ‘default’ land use rights are contained in the applicable town planning scheme. Each municipality has one (or more) and they only apply to a certain area. These town planning schemes essentially dictate what uses a piece of land can lawfully be put to.
The area of zero-rated VAT for a commercial property transaction can be confusing and must be properly understood if one wishes to avoid confusion and delays. “Previously, it was common industry practice that a brief clause or addendum was utilised with the agreement of sale for a commercial property transaction in order to apply for the zerorating of VAT. These previously used methods are, however, no longer acceptable due to a more stringent set of requirements by SARS.
In this global era of geopolitical unease, high-net-worth individuals (HNWIs) seeking to safely protect their funds and families are feeling the call of a country that has notched up more than 200 years of neutrality.
Is it time for commercial tenant payment performance to get a little worse before it gets better? At present, it is tough to gauge the direction of the South African economy, which has a strong influence on the rental payment performance of commercial property tenants.
Could Tenant Payment Performance be Nearing an Improvement? Since around 2014 we have witnessed a gradual deterioration in tenant payment performance nationally.