Property News - August 2024
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.
This month we are proud to announce another large sale and redevelopment transaction, we at PPI concluded, for ZenProp". (see full article below)
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 auditor “24/7” no matter where you may be.
Articles
Contracting with Trusts – Is a Majority Resolution Valid?
A recent Supreme Court of Appeal (SCA) judgment provides yet another reminder to tread carefully when contracting with trusts. Your agreements with a trust will be invalid and unenforceable if the trustees acting for the trust weren’t properly authorised to bind the trust.
Siblings Feuding Over a Business - Can You Get a Domestic Violence Protection Order?
When sibling rivalry escalates into physical or psychological abuse, victims should take advantage of the very strong protections offered to them by the Domestic Violence Act (“DVA”).
Body Corporate - Who pays for which pipes?
In this article Jennifer Paddock answers questions around pipes within a community scheme. As many of you already know, the general rules are that the body corporate pays for common property expenses and owners pay expenses associated with their individual sections. But unfortunately it’s not as simple as looking at the scheme’s sectional plan and identifying the nature of the property.
In a notable judgment from the South Gauteng High Court, the court addressed a dispute between a body corporate and an owner regarding unauthorised structural alterations made by the owner to his unit within the sectional title scheme.
KZN Property - Prime Industrial Warehouse Sold!
Rising out of the ashes following the looting in July 2021 this ex LG facility which was largely destroyed at the time lay exposed and undeveloped for almost 3 years that was until Yianni Pavlou, Company Principal of Portfolio Property Investments (PPI) successfully brokered the Sale of this unique facility to an investor with a vision.
