One director late with his FFC registration or audit report and the entire business and all the estate agents employed there find themselves deregistered. Sounds absurd? Unfortunately, this is a reality should the Property Practitioners Bill be voted into law as it stands warns Jan le Roux, CE of industry body Rebosa.

   
   
SA OUT OF RECESSION – MORE GROWTH IS NEEDED SAY EXPERTS
SA’s economic activity picked up enough in the third term to exit out of the technical recession, but more is needed to place the country and the property sector firmly on sustainable economic growth say property experts.

   
   
SPEAKERS CORNER: HOW SAFE ARE THE DATA LISTINGS ON ABSA? 
Following our stories on FNB’s banking app, our readers had many questions, so we wanted to find a way to answer them that would benefit all our readers. Speakers Corner is the result. This will from now on be a regular feature in our newsletter where we’ll find experts to answer your questions. This week for the questions around FNB and Private Property, we asked Jan le Roux, chairman of Private Property and CE of Rebosa to answer the questions.

   
   
TRIBUNAL RULE ON ‘UNFAIR’ PENALTY FOR EARLY LEASE TERMINATION
It is business practice that a tenant has to pay a penalty, depending on the terms of the lease agreement, when there is early termination of the lease – but is it fair to charge the full penalty if the landlord is selling the property?

   
HOW RENT2BUY FINANCE WORKS AND WHAT TO DO TO APPLY
Rent2buy (R2B) Finance is a Plan B for a homebuyer who is almost, but not quite ready, to apply for a home loan to buy a property. If the buyers’ home loan was declined initially and but he has a reasonably good credit profile and at least 7% deposit (if buying from a private seller), 3 to 5% deposit available (if buying from a property developer) or 20% if a foreign buyer, and he lives in Bloemfontein, Gauteng or Cape Town, then he is able to start the process of applying to purchase through the Rent2buy Finance programme, says Meyer de Waal, director of MDW Inc, and co-founder of Attorney Realtor Hub.

   
   
   

     

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