Lease Agreement VS Sales Agreement
When purchasing a property where tenants are leasing the “huur gaat voor koop” will generally apply to a short-term lease.
Velile Tinto Cape (VTC) is a Cape Town based firm of attorneys with 5 branches in the greater Cape Town Metropolitan Area. VTC is a level 2 BEE contributor with a staff compliment of over a hundred.
We have established a considerable footprint of offices and a widely established correspondent base, ensuring that we are able to provide all clients with service, anywhere in the country.
Our practice has founded itself in focused fields of law, and our core area of expertise and experience focuses itself in Property Law. We now have a staff compliment of more than 100 motivated employees with offices in Kenilworth, Bellville, Mitchells Plain, Table View and Somerset West.
When purchasing a property where tenants are leasing the “huur gaat voor koop” will generally apply to a short-term lease.
Once you’ve successfully applied for finance to assist you in purchasing a property you love, one of life’s biggest financial commitments would then be to enter into a home loan agreement with your chosen bank accordingly.
The Sectional Title Act stipulates that the owner in a sectional title scheme is responsible for all excess payments on insurance claims.