Public Compliance Communication relating to beneficial ownership and the application of FICA
On 8 August 2024 the FIC published a guideline on how to determine beneficial ownership of a legal entity. It is CRITICAL that all property professionals take note of these ...
ASBESTOS ROOFS
Asbestos is a topic that keeps coming up in conversation lately and there still appears to be a huge misperception about the Asbestos Abatement Regulations that were promulgated in 2020 ...
FOLLOW UP ON RECENT PROPERTY CONDITION REPORT NEWSFLASH (MANDATORY DISCLOSURES)
We have received a number of questions, in response to our last post. Please familiarise yourselves with the Act once again. We have highlighted the vital parts: Section 67 of ...
PROPERTY CONDITION REPORTS – IS IT AT ALL “NEGOTIABLE”?
Since inception of the Property Practitioners' Act, Property Practitioners have sought a solution to the following scenario: You have an executor/curator/investment seller, who has no knowledge of the property's condition ...
CITY OF CAPE TOWN IN FULL SWING WITH WATER CERTIFICATES
Water by Law certificates are no longer new to those who own property within the City of Cape Town municipal boundaries. One question that has remained without answer for some ...
CHANGES TO GAS COMPLIANCE CERTIFICATES
Please be aware that as from 1 May 2023 a new prescribed, 5-page gas certificate of compliance (COC), will be required, in order to comply with the legal requirement to ...
DEADLINE ALERT – ASBESTOS REGULATIONS – WHAT DOES THIS REALLY MEAN FOR PROPERTY PRACTITIONERS AND SELLERS/LANDLORDS?
It has come to our attention that an asbestos inspection company is sending emails to estate agents stating that it is now mandatory for sellers and landlords to “disclose the ...
NEW EAAB PRACTICE NOTE
Further to our post about qualification deadlines for agents that must be in place by 30 June 2022, we have now also obtained clarity on what it actually means for ...
REGULATING THE POSITION OF ESTATE AGENTS
We have noticed some confusion between estate agents surrounding a circular that was sent out by the EAAB, regarding the risk of being disqualified or deregistered if certain training requirements ...
