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Most Recent Renting Articles

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MOVING HOMES – PAY ATTENTION TO THE DETAILS

MOVING HOMES – PAY ATTENTION TO THE DETAILS

Although packing and unpacking boxes is a major element to moving homes, it is certainly not the only factor that needs to be considered when changing your address. When it comes to moving homes, there are also a few legal matters that will require attention. Each situation will be different, and as such there will be unique aspects that should be taken into account. For example, if you were re...

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OCCUPATIONAL RENT EXPLAINED

OCCUPATIONAL RENT EXPLAINED

Whether on the selling or buying end of a property sale, it is imperative to familiarise yourself with the conditions that the offer to purchase stipulates. South African law dictates that those who would like to sell or buy a property are required to reduce all contractual agreements to writing. The aim of this is to reduce the risk of any ambiguity during the transaction and to have a clear g...

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PURCHASING A RENTED HOME

PURCHASING A RENTED HOME

You have been looking for the ideal property to purchase for months and finally find it, but there is a catch, there is a tenant who is currently renting the property. What now? Simply put, because the lease agreement is legally binding and was in place before, it stands - regardless if the owner of the home decides to sell. The lease agreement goes with the home. Essentially this means that...

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STAY IN THE RENTAL MARKET OR BUY?

STAY IN THE RENTAL MARKET OR BUY?

There will be consumers who will remain within the rental market because they are worried about the country’s economy and how the factors surrounding the market will impact their financial well-being. There will also be those that simply enjoy the freedom of being able to stay in different areas without having to sell a property to relocate. Another group of consumers will stay in the rental...

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TAX TIPS FOR LANDLORDS

TAX TIPS FOR LANDLORDS

Owning a rental property portfolio that provides an income is much like owning a business, and as such there are tax implications and dues that need to be paid to the South Africa Revenue Service. As a landlord, you are required to declare the total amount of rental income received as gross income and will be taxed at the marginal Income Tax Rate. The below table is a guideline of the personal...

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TENANT SELECTION IS IMPERATIVE TO RENTAL SUCCESS

TENANT SELECTION IS IMPERATIVE TO RENTAL SUCCESS

Purchasing an investment property and renting it out can be a mutually beneficial arrangement for both the landlord and tenant, provided the owner of the property adheres to a few key principles from the start when selecting a suitable tenant. Due to South African legislation, selecting the right tenant can be a rather complex process. However, there are several methods that landlords can use t...

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THE EFFECTS OF MOVING ON CHILDREN

THE EFFECTS OF MOVING ON CHILDREN

While there are many exciting aspects about moving to a new home, the move itself can be a very stressful process, particularly for the children. A change in routine and possible lifestyle can bring about fear and anxiety in children, especially if they are not fully prepared for what is about to happen. According to international psychological studies a child may become sullen or act out in anger...

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THE PROCESS OF REZONING OR SUBDIVIDING

THE PROCESS OF REZONING OR SUBDIVIDING

If you are looking to rezone your property for business use or subdivide to sell a portion of your land, it may take longer than you initially expected. Whether applying to rezone or subdivide a property, the application will need to follow a series of procedures before it is considered, which takes time. The application will need to be submitted to the relevant local authority and can anywhere...

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UNDERSTANDING THE ROLE OF THE RENTAL HOUSING TRIBUNAL

UNDERSTANDING THE ROLE OF THE RENTAL HOUSING TRIBUNAL

Established during 2001, the Rental Housing Tribunal (RHT) assists in resolving disputes that arise between landlords and tenants. Made up of members with housing management, development and rental housing experience, who have been appointed by the Provincial Minister of Housing, the RHT is also tasked with implementing the Rental Housing Act. The primary function of the Rental Housing Tribunal...

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THINGS TO THINK ABOUT WHEN USING MOVERS

THINGS TO THINK ABOUT WHEN USING MOVERS

Be it purchasing or renting a new home; everyone will experience moving at some stage of their lives. Packing up boxes and doing all the heavy lifting yourself can be a physically draining task, not to mention the stress of it all. Deciding to make use of a professional moving service can eliminate a lot of the hassle and make the process much smoother, provided you choose the right company. As...

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TIPS FOR A STRESS-FREE MOVE

TIPS FOR A STRESS-FREE MOVE

It doesn’t matter whether it is across the road or the country, moving from one home to another can be a stressful experience. The fact is that most people will move at least once in their lives, and while it can be a relatively easy process for some, for the others the experience could be enough to scar them for life. So what’s the difference between a smooth moving experience and...

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TIPS FOR PACKING AND MOVING QUICKLY

TIPS FOR PACKING AND MOVING QUICKLY

When it comes to moving, ideally you would want some lead time to be able to prepare and get everything in order. However, due to certain circumstances, time is not always a luxury that some people have. Here are a few tips to help maximise the time you have to move: Create a packing station A lot of time can be wasted by constantly trying to find items around the home, such as the scisso...

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