South Africa is a country on the southernmost tip of the African continent, marked by several distinct ecosystems. Inland safari destination Kruger National Park covers vast shrublands populated by big game; the Western Cape encompasses lush winelands around Stellenbosch and Paarl, wild beaches, craggy cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the city of Cape Town, beneath flat-topped Table Mountain.
Low Season (Jun-Aug)
Winter is ideal for wildlife watching. School holiday late June to mid-July. Prices sometimes reflect this holiday; otherwise they are low, with discounts and packages offered.
Also September and October. Sunny spring and autumn weather. Wildflower season late August to early September. School holiday late September to early October. Optimum wildlife-watching conditions autumn onwards.
High Season (Nov-Mar)
Peak times are early December to mid-January and around Easter. During peak times, accommodation in national parks and the coast books up months in advance.
South African rand
English and Afrikaans
Although there are no restrictions there is a prohibition on illegal aliens owning immovable property in South Africa. Non-residents are subject to the same laws and regulations as South Africans when it comes to buying property in South Africa. Compliance with these regulations ensures the efficiency of the South African land registration system and security of tenure.
The process of buying property generally takes between two and three months. In order to purchase a property in South Africa the buyer must provide the following documents:
Once a suitable property has been found, a prospective purchaser makes an offer and completes an Offer to Purchase/Purchase Agreement through the estate agent. This is a legally binding document and includes most, if not all, of the following information:
The seller can reject or make a counter offer on the Purchase Agreement, however, all changes must be initialled by both parties.
The transferring attorney
The document becomes the legally binding contract of sale once both parties have accepted. Once completed and signed the Offer to Purchase is given to a transferring attorney who is responsible for coordinating the transfer process and preparing all documents.
The role of the transferring attorney is to:
Once all the paperwork has been drafted, signed and the financial guarantees are in place, the deeds are lodged with the Deeds Office by the transferring attorney. Once they have been examined at the Deeds Office, the registration of transfer of property from the seller to the purchaser can take place, this takes approximately 10 to 14 days.
The transferring attorney signs on behalf of the purchaser at the Deeds Office along with the Deeds Registrar and finalises all outstanding financial settlements such as estate agent fees, electrical and beetle inspection charges (if applicable) and clearing the seller's bond.
Payment is then due to be made by the lender to a bank. The transferring attorney then draws a final account and pays the seller the balance owing.
The South African Government levies a tax on the transfer of property. It is paid by the buyer and is calculated according to the value of the property (house and land). Transfer duty is not payable if the buyer is VAT registered.
Transfer fees are costs payable to the transferring attorney to transfer the property into the buyer's name. They are calculated on a regulated sliding scale based on the purchase price.
Normally sellers can expect to pay between 5 and 7.5 percent of the selling price
It is normal, having decided on a property to rent, to make an offer in writing. It is advisable to have a lease drawn up which stipulates the rental terms and conditions. A lease is normally used by estate agents and other companies specialising in letting properties. It is also possible to get a lease drawn up by a lawyer.
According to the Rental Housing Act, a lease must contain the following minimum information:
The law also states that landlords must:
Types of lease
Property rental leases are usually 1 year, with an option to extend for another year. However, in some cases it is possible to negotiate a 6 month lease or a longer lease if required. A lease is a legally binding contract so it is often difficult to get out of rental agreements unless there is a breach in contract by either party. However, in most cases if someone else is found to take over the rent for the time remaining on the lease, it may be possible to get out of the rental agreement.
If the tenant remains in the unit after the end of the fixed term with the consent of the landlord, the lease is then deemed to be a periodic lease. Periodic leases can be terminated by giving a month’s written notice.
The amount of rent can be freely negotiated by tenants and landlords. The lease or rental agreement should state by how much and when the rent can be increased. If the agreement does not specify an amount or date for increase, this must be negotiated with the tenant.
information from southafrica.angloinfo.com
Commission on a rental property is based on the monthly amount of rental income achieved for the landlord over the period of the lease.
The Landlord pays the agents commisio which can be up to 10% of the rent paid.