|
CPA Eroding Property Profits |
 |
 |
 |
|
 PHOTO by Robbie Tshabalala | Desiree Nafte
The real estate sector will be exempted from certain provisions of the Consumer Protection Act (CPA) if industry players have their way.
Many believe the act is overly protective of tenants’ rights, to the detriment of landlords. Property owners, both residential and commercial, are particularly peeved about section 14 of the act.
|
|
Read more...
|
|
|
The impact of the CPA on leases |
|
|
|
|
On April 2011, The Consumer Protection Act 68 of 2008 ("The Act") became fuly operational and introducred a new era of substantialy improved consumer rights for those transacting in South Africa. It is unforunate that there is considerable measure of uncertainty as to the exact scope of the Act's application in various areas of business transactions. One such area is the Act's effect on leses, both commercial and residential.
 Please click here to download the article and read the full story
|
|
Managing agents shocked by ruling in Brunello case |
|
|
|
Latest proposed amendments to sectional title act .Will these be the last?
Do managing agents or property agents need to be registered with the Council for Debt Collectors to recover outstanding levies or rentals on behalf of their clients?
|
|
Read more...
|
|
Local Estate Agents in Training |
|
|
|
The institute of Estate Agents Garden Route, in association with Assessment Centre for Estate Agents, held a successful training session for rental agents on the 22 & 23 September in George.
Thirty-five agents attended the training. Everyone left well informed and equipped to perform as professional rental agents. Ronel Heyns, IEA Chairman was encouraged by the interest shown and will be organizing another event for rental agents in the near future.
Click her to view the Local Estate Agents in Training news extract.
|
|
Rental agents must be registered as debt collectors |
|
|
|
|
The Council for Debt Collectors
Versus
Brunello Property Management CC - 1st Respondent
GW Howell - 2nd Respondent
The Respondents were on 6 April 2009 charged with improper conduct before Adv. J Noeth, Chairman of the Council.
The Council was represented by Adv. A. Cornelius. The Respondents were represented by Mr. Hein von Lieres of the firm Von Lieres, Cooper and Barlow.
The Respondents were charged with the following charges:
|
|
Read more...
|
|
Stamp duty bonus for landlords |
|
|
|
|
Cost and admin headache to go, thanks to Trevor Manuel.
Certain players in the property industry, particularly landlords and tenants of commercial buildings will receive some welcome relief when stamp duty on leases is finally abolished.
Stamp duty on leases will be abolished with effect from April 1, 2009 through the repeal of the Stamp Duties Act, not arising from the recent budget, but through the Revenue Laws Amendment Act which was gazetted on January 8, 2009.
After welcoming the recent announcement of a 100 base points cut in the repo rate (with further proposed cuts expected soon), role players in the property industry, still operating in very tough economic conditions exacerbated by the international global financial crisis, have received little further direct tax relief following the Budget on Wednesday.
|
|
Read more...
|
|
|
|
|
<< Start < Prev 1 2 Next > End >>
|
|
Page 1 of 2 |
