Most Recent Renting Articles
THE PROS & CONS OF STUDENT RENTALS
If thinking back to your student days doesn’t make you even just somewhat apprehensive to invest in student accommodation as a means of rental income, then you must not have lived away from home as a student… Why student housing is appealing 1. Higher Returns Student rentals are often rented out per room, which can result in a higher rental return for the landlord. Since students...Read more
WHAT HAPPENS TO YOUR RENTAL DEPOSIT?
Most landlords request a deposit from their tenants before they move into the property. According to Section 5 of the Rental Housing Act, No. 50 of 1999, a landlord is legally entitled to request a deposit from their tenants. How much should you expect to pay? The amount that the tenant will be required to pay as a deposit is stipulated in the lease agreement. Conventionally the rental de...Read more
WHY PROPERTY TRANSFERS TAKE LONGER OVER DECEMBER
If you have purchased property near the end of the year, you might have a slightly longer wait ahead before the property will be transferred into your name. As with most other businesses, the various Deed’s Offices across the country close over December, most of which close around the 21st and re-open around the 2nd of January. This means that the standard eight to ten working day waiting...Read more
WAYS TO HELP CHILDREN COPE WITH A MOVE
Moving can be an extremely positive experience, provided parents can keep their children involved and informed to help them cope throughout the move. A change in routine and lifestyle can bring about fear and anxiety in children, especially if they are not fully prepared for what is about to happen. If the move is due to the family upgrading to a larger home or a better neighbourhood, there wil...Read more
STAY IN THE RENTAL MARKET OR BUY?
Whether a consumer continues to stay in the rental market or decides rather to purchase a home, there are advantages and disadvantages to both options. Renting offers the tenant a certain amount of flexibility before they make a long-term commitment while buying a home can provide the owner with an asset to their name that will certainly show good returns in time to come. Each consumer needs to ev...Read more
HOW TO ADJUST TO YOUR NEW NEIGHBOURHOOD
Have you ever pulled into your driveway at home and suddenly realised that you have no recollection of the journey from the office to your doorstep? That’s because your routines can become so familiar that you are able to do them in auto-pilot mode. The problem arises when you move to a new neighbourhood and you go to unlock your front door and your keys no longer fits the locks… ...Read more
HOW MUCH INFLUENCE CHILDREN HAVE ON YOUR HOME BUYING CHOICES
It is not difficult to understand why good parents factor the needs of their children into their purchasing decisions. But, exactly how much influence do children have on your purchasing decisions? And how much influence should you allow them? How Children Influence Our Choices Global studies have shown that millennial parents are placing increased value on their children when it comes to maki...Read more
FACTORS SELLERS OVERLOOK WHEN PREPARING FOR A MOVE
As exciting as it is to move into a new home, the process can be time consuming and stressful – especially if you have overlooked factors involved in preparing for a move. If it’s been a while since you have last experienced a move, here are a few reminders to help prepare yourself for what lies ahead… Packing takes longer than you think The worst mistake you can ma...Read more
RULES FOR LEASING TO DISABLED TENANTS
Legally, landlords may not reject tenants based on their disability and must grant them the same opportunity to apply for tenancy as all other applicants. If you receive such an applicant, it is advisable to speak to an experienced estate agent with knowledge on this topic, or an attorney who can provide specific advice on how best to accommodate a tenant with a disability. Below are just a few...Read more
CAN I GET OUT OF PAYING FINES ISSUED BY MY HOA?
Upon checking your mailbox, you’re surprised to find a white envelope with the signature of your Body Corporate and your name just below it. Contained therein is bold red typeface notifying you of a R500 fine for exceeding the 35 km/hour speed limit within the estate. After the wave of panic that follows getting caught red handed has abated, a new sense of unjustified indignation follows: Wh...Read more
SIGNS THAT YOUR TENANTS IS GETTING HIGH IN YOUR HOME
While most news stories paint a very scary reality about the prevalence of drug-abuse in South Africa, the truth is that there is actually very limited accurate data from which to draw these conclusions. However, according to a study conducted in 2012 by Anti Drug Alliance South Africa, 5.8% of their 57,809 national respondents reported using drugs on a daily basis, with ecstasy and cocaine being...Read more
WHEN SHOULD I EXPECT MY ADULT CHILD TO MOVE OUT?
Approximately one in two 18-34 year-olds live at home with parents. As a parent, that means you have a 50/50 chance that your teenager is going to end up living with you for much longer than you might have expected ... THE REASON BEHIND THE DELAY The discrepancy between entry-level salaries and the rising cost of living is one of the largest contributing factors for this delay in leaving the n...Read more