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Estate living in South Africa has shown a steady increase over the past decade, highlighting its popularity as an asset class. There are some interesting reasons for this phenomenon; let’s review some of the reasons why estate living has become so popular and why there is an increase in the development of estates. Growth of estates in different geographical areas    Although...

On 1 February 2022 the new Property Practitioners Act will commence. While this new consumer-driven Act aims to provide protection for consumers when purchasing, leasing, financing, renting or property, the requirements will be quite taxing for property practitioners. Below are a few changes of importance that the new law will bring to the industry. Property practitioners & Fidelity Fund Certificates The definition of...

Sectional title legislation requires all sectional title schemes to have a 10-year maintenance plan, also referred to as a maintenance repair and replacement plan (MRRP), which estimates the maintenance cost required by year over a period of 10 years.  This plan does not generally include day-to-day maintenance items as those are allocated to the administrative budget. Let’s consider why a 10-year...

The road infrastructure and the resultant road behaviour in an estate with many units are probably more important talking point than in a smaller complex; yet, it is a topic that comes up every now and then. In a larger estate, the road infrastructure serves to direct traffic in and around the estate in the least disruptive manner possible and speeding...