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Monday May 14, 2018

Lower demand for tourist accommodation

Hotels, guest houses and guest farms have been the worst performing accommodation types from September 2017 to February 2018, new figures from StatsSA have revealed.

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Change in law eases arrears recovery

Sectional title trustees and homeowners' association directors have welcomed a change in legislation that will make it easier for them to recover arrear levies from defaulting owners.

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World of Birds releases rare piece of land

For the first time, a prime piece of land at Hout Bay's World of Birds has been put on the market in an attempt to keep the organisation's doors open.

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Friday May 11, 2018

Joburg decimal error inflates electrical bill

Seven weeks of misery for Windsor East residents living without electricity due to an incorrect bill of R140 000 has had a happy ending.

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Wednesday May 09, 2018

Joburg building plan approvals halted

A standoff between rival political parties has virtually paralysed Joburg's construction industry, with no building plan approvals, inspections or rezonings approved since April 17.

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Monday May 07, 2018

Banks lose veto over sectional title sales

Sectional Title trustees and Home Owners' Association directors around SA are breathing a sigh of relief at a change in legislation that will make it easier for them to recover arrear levies from defaulting owners.

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Cape Town receives 37 000 comments on tariff hikes

The City of Cape Town's public participation process on the proposed tariff increases closed with more than 37 000 comments yesterday, of which 80% were objections.

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Voetstoots protects seller, but can't be abused

Property buyers who sign offers to purchase before noticing defects often find themselves at the unlucky end of the "voetstoots clause" used by sellers as a disclaimer against buyers' claims.

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Sectional titles lead in price growth

Buyers looking at sectional title homes could pay almost 6% more for these properties this year, new data from Lightstone has disclosed.

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Trustees can be held liable for ST losses

While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility.

Trustees have a fiduciary duty towards their scheme, says Chinelle Hewit, Operations Manager at sectional title finance company Propell.

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