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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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Sight unseen draws foreign buyers

Would you buy a home you have only seen online and have never walked through in real life?

This is what some foreign buyers of South African homes are doing.

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Letting properties abroad reaps good foreign returns

Buying a property for purposes of letting it out for short-term holiday accommodation, such as Airbnb, is growing in popularity, with investors able to recoup their money faster than they would via traditional buy-to-let methods.

But investing in such properties overseas will be more lucrative as they will earn in foreign currencies.

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