Prior to buying a vacant erf/plot in an Estate governed by a Homeowners Association (“HOA”) it is imperative that you familiarize yourself with the rules contained in the HOA’s Memorandum of Incorporation or Constitution.
Understanding curatorship: The short answer is yes, provided that someone is appointed as a curator to do so.
As soon as the Seller accepts and signs (as per the Alienation of Land Act of 1981) the Offer to Purchase (hereinafter referred to as the “OTP’) it becomes a valid agreement of sale. If the seller verbally accepts the Offer but does not sign it within the stipulated time period, no contract exists.
Transfer of Immovable property: What costs are the Seller and Purchaser responsible for?
A USUFRUCT can be described as a legal right which is given by an owner or prospective owner of property to someone else (known as the “usufructuary”) who is not the owner or prospective owner of that same property.
As many countries have imposed travel restrictions due to COVID-19, many Sellers and Purchasers of immovable property now find themselves abroad during the transfer or bond registration process.
Purchasing property can be a lengthy process but, there are certain steps that you, as a purchaser, could take to minimise any delays.
