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Property Finance

Tenant Credit Scoring

It is the tenant’s responsibility to make sure that the rent is received, so the tenant has to show proof of payment (for example, a bank-deposit slip). If a tenant can’t do so, notice in terms of the lease agreement can be given to the tenant and a court order...

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Rental Security Deposit

Moving into a new rental property is very expensive. A large portion of that cost is the rental deposit. A rental (security) deposit is money aside from the payment of rent that a landlord requires a tenant to pay to be kept separately in a fund for use should the...

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Townships Lead House Prices

Areas formerly classified as black townships under apartheid continue to marginally outperform former white suburbs in terms of house price growth, according to FNB household and property sector strategist John Loos, “for much of the period since 2006”. He said there had been periods in the property cycle in the...

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Credit Scores & Home Loans

While most home loan applicants know a good credit score is a key element for a loan approval, not everyone realizes raising your credit score by even a few points can make the difference between qualifying for a home loan or not. In addition, it makes a difference to a...

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2011 Transfer Duty Threshold

Home buyers and investors were given a welcome break in the 2011 Budget when Finance minister Pravin Gordhan announced that no transfer duties will be paid when buying a property up to R600 000 on purchase agreements concluded on or after February 23rd, 2011 – raising the threshold from R500...

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American Bail-Outs

It seems the world has long forgotten the Credit Crisis – the worst recession in 80 years that was spawned by the panic that followed the failure, in September 2008, of Lehman Brothers. The $4.2 Trillion that the Credit Crisis has cost the US government surpasses the $3.6 Trillion (adjusted...

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Rental Defaulters – Landlords Knocking!

Recent High Court decisions brought good news for landlords and body corporates.  The decisions held that defaulting sectional title owners and tenants of leased property cannot hide behind the debtor protection provisions of the National Credit Act. In summary, the NCA debt counselling process, with its inherent delays and risks...

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