Property News - November 2022

Welcome to our Property Investment Newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends and news.

Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings, auction and property management requirements. We look forward to being of service to you!

Portfolio Property Investments (PPI) is fully online via our Unique business platform that can be accessed by us as your agents, yourself as clients, your partners and you auditors “24/7” no matter where you may be. 

Articles

Property Accolades - Clean Sweep for Portfolio Property Investments (PPI) at the Redefine KZN Awards

Portfolio Property Investments (PPI) is pleased to announce that it has won the 2 most coveted awards at the recently held Redefine Broker Awards at the Durban Country Club.

Verbal Agreements – Not Much Good, But Lots of Bad and Ugly

A common myth – one that can get you into a whole lot of trouble if you aren’t alive to it - is that verbal contracts are not legally enforceable in South Africa. The opposite is true. 

Legal Matters - It’s Not Simple to Sell a House in Execution (Even if a Trust Owns It)

Selling a house in execution is not as simple as getting judgment and sending the Sheriff of the Court off to arrange a sale.

Sectional Title - Resolutions are required to authorise trustee actions

The Sectional Titles Schemes Management Act, its regulations and prescribed rules do not authorise a body corporate to accept a reduced amount in full and final settlement of an owner’s debt to the body corporate.

UK Property - Locking in a new mortgage now could save borrowers hundreds of pounds a month

The most significant rise in the base rate in more than thirty years puts headline five year fixed mortgage rates on track to surpass 5% next year.