Skip to Content

Rate hike first of many

Property Section - Property Articles

  samual_seef-T

Rate hike first of many ... buckle up, it’s a bumpy ride ahead for property says Seeff

The decision of the Reserve Bank’s Monetary Policy Committee (MPC) to hike the repo rate by 50 basis points, taking it to 6.75% (up from 6.25%) and the base home loan rate beyond the 10% barrier to 10.25% (up from 9.75%) comes as no surprise according to Samuel Seeff, chairman of the Seeff group.

By now, consumers should also be aware that this is the first of more hikes to follow. Seeff says that interest rates could rise by as much as a full one to three percent (1%-3%) this year, especially in the event of a credit downgrade to junk status.

By Samual Seef Read Article

 

Tips for a trouble-free tenancy

Property Section - Property Articles

  A reader has asked the Property Poser panel about the tax implications of rental income for him and his wife, who are both pensioners.  The reader explains that they are considering renting out their current property, which his wife owns, then renting another property elsewhere. As owner and landlord, the reader’s wife will be liable to declare all rental income earned on the property, along with any other income she may receive, says Schalk van der Merwe from Rawson Properties in Somerset West.

By Grant Hill and Schalk van der Merwe Read Article

Tips for a trouble-free tenancy

Property Section - Property Articles

  This week, the Property Poser experts continue with a few more considerations that could mean the difference between a successful, trouble-free tenancy and a tricky situation where the landlord and tenant are at loggerheads with one another.  In previous articles, the panel outlined the type of investigations into a prospective tenant that a landlord may consider carrying out. . 

By Grant Hill and Schalk van der Merwe Read Article

How to call a special general meeting

Property Section - Property Articles

  Yet another disgruntled sectional title unit owner has contacted the Property Poser experts about the mismanagement of his complex.  He is of the opinion that the trustees are guilty of gross mismanagement and would like to take steps to remedy the situation. 

By Grant Hill and Schalk van der Merwe Read Article

Reduce rental risk with right agent and lease

Property Section - Property Articles

  Another reader who owns several rental properties has approached the Property Poser panel about the responsibilities of her rental agent towards her and her tenants.  The reader explains that she uses an agent to oversee and manage the contractual and practical arrangements surrounding her leased properties.

By Grant Hill and Schalk van der Merwe Read Article

Ensuring performance by letting agent

Property Section - Property Articles

  A reader who rents out her sectional title unit has asked the Property Poser panel for assistance in dealing with a negligent letting agent. The landlady has been less than happy with the agent’s performance in the execution of his duties and complains that he often fails to carry out his duties timeously or even at all.

By Grant Hill and Schalk van der Merwe Read Article

Calculating a fair occupational rental

Property Section - Property Articles

  The Property Poser experts return to the subject of occupational rental this week as a reader has asked how the amount is calculated and whether it should be equal to the monthly bond instalment that the purchaser pays on the property.  The reader explains that the purchaser’s mortgage bond considerably exceeds the purchase price of the property.

By Grant Hill and Schalk van der Merwe Read Article

Tenant questions wrongful eviction from premises

Property Section - Property Articles

  A reader has consulted the Property Poser experts on behalf of her son, whom she believes has been wrongfully evicted from his rented premises.  The reader explains that her son has rented the same property for three years and was recently unable to pay his full rental at the beginning of the month. The landlord allowed him a little grace until the 15th but the tenant was still unable to pay.

By Grant Hill and Schalk van der Merwe Read Article

Agent keeps interest on deposit

Property Section - Property Articles

  The payment and return of rental deposits appears to be a hot topic, as another reader has approached the Property Poser panel about getting back the interest on a rather sizeable deposit. The reader explains that, at the inception of his lease, he was obliged to pay a double deposit to the agency acting on behalf of the landlord. He found this odd as he was sharing the dwelling with the landlord and so, presumably, the chances of causing any damage to the dwelling was less likely.

By Grant Hill and Schalk van der Merwe Read Article

Page 1 of 14

You are browsing all Property Articles articles

bolander


aida-t



cch



chase-everitt



pam-golding



rawson



sothebys_logo-s




schonenberg



seef



westacre
Distribution
View a complete list of the Bolander Property distribution points. Click Here...

Who's Online

We have 63 guests online