Property News - November 2013
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 note our featured article from FTS Safety offering a FREE Safety Compliance Inspection Valued at R3200 for the first 10 PPI newsletter readers!
In the recent past there have been some pertinent changes associated with the regulations regarding requirements to be obtained in the event of the transfer of a property. One such change is regulations regarding electric fencing.
South African Revenue Services (SARS) may raise understatement penalties if prejudice has been caused to them or the fiscus. Penalties can be imposed at 25% or 50% in the case of a ‘substantial understatement’.
Bridge City, the mixed use commercial / residential Town Centre and Business Estate to the north of Durban which is set to attract R10 billion in public and private sector investment, will play a pivotal role in the development of the city’s R20 billion public transport system, making it perfect for businesses looking for a prime position and highly accessible location along the rapidly developing northern coastal corridor.
The Deeds Registries Amendment Bill , 2013 proposes amendments to the Deeds Registries Act No.47 of 1937. The Deeds Registration system is structured to guarantee land title. The Bill focuses on amending amongst other things mainly any errors that have been made.
Many people are not aware that Residential and Commercial Property Management can be quite a dangerous task at times. Property managers have to take precautions to insure their safety, as well as those of the tenants and staff members they work with. Further they are responsible for the contractors that come to do maintenance on your premises.