Archive for March 13th, 2008
Sectional Title: The Pros and Cons Part 4
Thursday, March 13th, 2008Personal and economic benefits of ownership should be reconsidered periodically by marketing agents, who should know the advantages and disadvantages of sectional title compared with single residential houses. For example, the typical purchaser of a conventional home buys what is seen. It might be a swimming pool, braai area or rose garden that clinches the […]
Sectional Title: The Pros and Cons part 3
Thursday, March 13th, 2008The forward-looking estate agent wants to gain a share of the sectional title market which caters for the first-time buyer—the person who is looking for an escape from the unrelenting responsibility of taking care of a detached single family home or a cost-saving alternative to commuting great distances to and from work.
Such an estate agent […]
The Sale of Company-owned or Close Corporation-owned Residential Property continue…
Thursday, March 13th, 2008Say that in January 1994 the shareholder decides to sell the property at a price of R350 000. Mr X wants to purchase it by acquiring the shares of the company. He has R100 000 cash and is qualified for a bond of R250 000. Can he buy the shares without breaking Section 38 of […]
The Sale of Company-owned or Close Corporation-owned Residential Property
Thursday, March 13th, 2008One sometimes sees an advertisement of residential property indicating that the property is company-owned or close corporation-owned and that transfer duty can be saved.
Such advertisements lead purchasers to believe that if they buy the house from a company or close corporation they will not have to pay transfer duty. This is a fallacy. If they […]
