Do I need a compliance certificate?

Author

Kruger Attorneys & Conveyancers Inc

When selling a property, the regulations of the Occupational Health and Safety Act expressly provide that the seller must provide a valid Electrical Compliance Certificate (also known as a “COC” or "ECC").

Some reasons to obtain a COC which covers the electrical installation of the property include:

Electrical circuits in a property are required to be properly earthed for safety reasons.
The bank issuing a home loan, will require a COC as an additional requirement to ensure that the Property which it is providing a home loan for and that the asset which forms the basis of their security is safe and compliant.
Without a valid COC, insurance may in certain instances refuse to pay out a claim for damage to property relating to, for example an electrical fault.

A COC is valid for 2 (two) years from date of issue, provided that no repairs, changes or additions to the electrical installation have been made.

By Chana Finger for Kruger Attorneys & Conveyancers Inc

Legal Property News

Legal

What happens to your home loan when the unforeseen happens?

31 Oct 2024

Unforeseen life events like divorce, the death of a loved one, financial challenges, or a new partnership can turn even the most stable home loan into a stressful situation. Navigating a home loan under these conditions can be challenging, but understanding your options can help you make informed decisions and avoid unnecessary financial strain.

Legal

Maximising tax deductions on rental properties: A guide for landlords

16 Oct 2024

Renting out your property can be a rewarding way to generate extra income, but did you know it also comes with tax obligations? As a landlord in South Africa, you're required to report your rental income to SARS, which can eat into your profits. Fortunately, there are smart ways to reduce your tax liability and keep more of what you earn.

Legal

How different marriage contracts affect homeownership in South Africa

14 Oct 2024

Purchasing a home as a married couple is an exciting milestone, but it's essential to take a long-term approach when considering real estate investments. It's important for couples to fully understand how their marriage contract will impact their shared homeownership, as the terms of the contract can influence their rights, responsibilities, and financial outcomes.

Legal

Conveyancing fees: What are you paying for?

30 Sep 2024

When you're buying or selling a property, you're likely to encounter various costs and fees in addition to the purchase price. One of these expenses is conveyancing fees, which are essential to every property transaction. But what exactly do conveyancers do, and why are their services so important for both buyers and sellers?