Property News - January 2023
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.
All of us at PPI would like to take this opportunity to wish you an exciting and prosperous 2023.
Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings, auction and property management requirements. We look forward to being of service to you!
Portfolio Property Investments (PPI) is fully online via our Unique business platform that can be accessed by us as your agents, yourself as clients, your partners and you auditors “24/7” no matter where you may be.
It is clear that there has been a step change in both the criminal and civil prosecution of state capture miscreants. By the end of September eight new criminal cases had been instituted involving erstwhile very high-flyers.
You should always take as much security for your claims as you possibly can before advancing credit or lending money to a debtor. That’s because if your debtor fails and is “liquidated” (if a corporate) or “sequestrated” (if an individual), without security you will have only a concurrent claim in the estate.
If you are emigrating, or perhaps just going overseas for an extended holiday or work contract, you may well leave behind some form of “unfinished business”. Perhaps you own a property, other assets or bank accounts needing attention, or have outstanding tax/business/financial affairs, or contracts to be signed, cars to be licenced, or something else unresolved that requires your future agreement or signature.
Now that COP27 in Egypt is over we can look at how it affects South Africa...
The body corporate had a conduct rule which provided: “An owner to whom an exclusive use right has been allocated shall maintain and repair that area as if it were part of his/her/its section and keep it clean and tidy.”