Legal Property News
Understanding power of attorney in property transactions
14 Nov 2024
magine you're trying to sell a property in South Africa but are located overseas. Handling the transaction from afar is challenging, but with a power of attorney (POA), you can appoint a trusted representative to manage the process for you. In this article, we’ll cover what a POA is, how it works in property transactions, and what precautions you should take to protect yourself
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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.
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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.
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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.
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