Execution Sales vs Municipal Rates
In many jurisdictions it is practice that the Conditions of Sale in an execution sale reflect a zero amount payable in respect of the estimate of outstanding municipal rates.
Wietz Viljoen
QUALIFICATIONS: B.Proc. (University of the Orange free State) Attorney Conveyancer Member Cape Law Society Wietz Viljoen studied at and graduated from the University of the Orange Free State. Wietz completed his articles in Cape Town and qualified as an Attorney and Conveyancer in 1995. After an absence from the legal field, while experiencing the development…
Acquisition of property in the name of a Trust
ACQUISTION OF IMMOVABLE PROPERTY IN THE NAME OF A TRUST Where immovable property is being purchased, the purchaser/s has the option of transferring the property in the name of various entities, ie. In the name of the individual / personal capacity In the name of a Close Corporation In the name of a Company In…
Deregistered entities
DEREGISTERED ENTITIES Where a property is registered in the name of a Close Corporation or Company, cognisance must be taken when selling the property, that such entity is still registered at the offices of the Companies and Intellectual Property Commission (CIPC). The CIPC usually deregisters a Close Corporation or Company in the event of failure…