Tag Archivesimmovable property
Transfer of Immovable Property in a Deceased Estate

Overview: Transfer of Immovable Property in a Deceased Estate

Introduction It is common for people to become registered owners of Immovable Property during their respective lifetimes. However, what happens to the Immovable Property when these individuals pass away? In South Africa, when the registered owner of Immovable Property has died, his/her property will need to be transferred to another person. Most registered owners die […]

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sale in execution

The effect of a sale in execution for a deregistered close corporation

Immovable property has become a sought after asset in the debt recovery process. An applicant (the person who the money is owed to) may apply to the court for a Warrant of Execution (also called a Writ for short) after a judgment has been granted against the debtor to pay the amount owed.  This warrant, […]

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offer to purchase

Can I cancel an offer to purchase – who is liable and for what?

In South Africa, the transfer of immovable property is governed and regulated by legislation in order to protect all parties to the transaction. In terms of Section 2 of the Alienation of Land Act No. 68 of 1981, no alienation of land shall be of any force or effect unless it is contained in a […]

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deposit

Circumstances surrounding the deposit when purchasing immovable property

One of the most controversial issues in purchasing an immovable property today is the situation where the sale does not proceed. Does the seller or purchaser have the right to the deposit?  The answer to this question is not that easy or as simple as many sellers, buyers and estate agents wish to believe. In […]

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Co-ownership of immovable property

These days co-ownership is financially appealing to many people, and has over the years become increasingly popular.  It is a good way to acquire property that you could possibly not have afforded to purchase on your own. Co-ownership is a share or a percentage of the total, which means that the co-owners also have co-liability […]

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