Property News - December 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.
As the 2023 year draws to a close we would like to take this opportunity to wish all our clients, business associates, landlords, property fund managers and valued newsletter subscribers a happy festive season and all the best going into the new year.
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 auditor “24/7” no matter where you may be.
How well you manage your debtors’ book, and how successful you are in actually collecting monies due to you, should always be a management priority. It can spell the difference between a successful, profitable business and a failed one. If you are new to the game (the owner of a new start up perhaps), the debt collection process might seem confusing and a bit intimidating, but it needn’t be.
A fundamental principle in issue here is that nobody may take the law into their own hands. In order to preserve order and peace in society the court will summarily grant an order for restoration of the status quo where such deprivation has occurred, and it will do so without going into the merits of the dispute.
While South Africa does still have many homes that include three generations of families, with increased life spans and 'health spans' an increasing number of persons over 50 years of age are choosing to live in specialised retirement developments that provide them with more than just housing accommodation. They also provide meals, medical care, exercise facilities in a managed health and welfare package wrapped in a supportive social environment.
In this final installment of our three part series, we will take a closer look at finances and dispute resolution in the sectional title context.
You buy your dream house and pay the purchase price to the transferring attorneys (the conveyancers). Excitement builds as you wait eagerly for transfer and call the family together to plan your move. Then comes a call from the attorneys – why haven’t you paid yet? Your heart sinks, and panic sets in as it becomes clear that you just paid into a fraudster’s bank account.