Rental Property News
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.
read more
TPN report reveals rising residential vacancies amid declining demand
07 Oct 2024
Residential vacancy rates have increased across all provinces and rental value bands, according to TPN’s latest Residential Vacancy Survey Report. The report shows a significant rise in vacancies, jumping from 4.42% in the first quarter to 6.72% in the second quarter of 2024.
read more
Understanding levy increases: A guide for Sectional Titles
27 Sep 2024
Levy increases are an essential aspect of property ownership in sectional title schemes. As property owners within these complexes, the responsibility of maintaining, managing, and repairing common property falls on the body corporate—the collective of unit owners. The funds necessary for these responsibilities are generated through levies, which are typically adjusted annually. These adjustments are usually decided at the annual general meeting (AGM) of the complex.
read more
The importance of entry and exit inspections in lease agreements
17 Sep 2024
Often overlooked but still significant is the entry and exit inspection, which serves as a safeguard to prevent disputes and ensure the property’s condition is accurately recorded. These inspections, if done properly, protect both the tenant and landlord by providing a transparent record of the property's condition at the beginning and end of a tenancy.
read more