I would like to know the procedure I must follow to retain the property I bought with my ex-husband, while paying him out his share. We were divorced several years ago but continued to own it jointly while also living in it. There was no division of the property and I have paid the bond instalments, rates, municipal accounts and maintenance expenses. We want to go our separate ways, but … [Read more...]
Search Results for: Co-ownership
Co-ownership: Acquiring additional half share
I am in a predicament where I have a half share in a property but want the other owner to take full ownership. Will the person taking full ownership have to re-apply for a bond and what will happen if she does not qualify on her own? Thank you, Concerned Co-Owner See what the experts have to say. … [Read more...]
Co-ownership: Converting half share into full ownership
A reader has a half share in a property and he wants to know what can be done to convert this into a full ownership by the other owner. … [Read more...]
Co-ownership creates strained relations
Problems associated with co-ownership is an oft-repeated topic for our Property Poser experts. This week’s situation highlights just how difficult the relationship can be. A reader writes that she co-owns a residential property with her mother, who has lived there since they purchased it. The daughter has moved out on occasion and during this time any tenants had to contribute to her portion of … [Read more...]
Regulate co-ownership with a contract
This week a married couple, who bought a house with a good friend about two years ago, is seeking advice from our panel of experts. The bond was registered in all three’s names, but a 50/50 share was agreed on between the couple – who is married in community of property – and the friend. They receive a rental income of R4 500 per month while the monthly repayments are an average of R6 500, … [Read more...]
How intestate estate affects siblings’ property rights
A reader wants to know if her brother's rights will be protected in a dwelling where he lives which is to be transferred into a third sibling's name. … [Read more...]
Cost implications of donating co-owned property to your child
A reader's father-in-law, who is married in community of property, wants to know if he should give a property to one of his sons as a donation or simply leave it to him in his will. … [Read more...]
Settling ex-husband’s share of co-owned property
A reader wants to know how she can go about retaining the marital property she bought with her now ex-husband, while paying him out his share. … [Read more...]
Procedure to sell a share in a co-owned property
A reader who co-owns a fixed property with his ex-girlfriend wants to know if he can sell his share and force her to take over the bond in what he calls a timely manner. … [Read more...]
Inherited property: transfer and executor’s fees
A reader, who is left with his grandfather's property after all the named heirs have passed away, is asking about the transfer process and fees payable to the executor. … [Read more...]
Providing a property for student children
A reader looking to invest in a property as student accommodation for his three children has asked the Property Poser panel for some expert advice. The reader is looking for a workable solution for his particular situation, which will see his children enter university at staggered intervals from next year onwards. He assumes that all three children will remain in the same city during their … [Read more...]
How should I go about investing in a property for my student children?
Hello Property Poser, I'm looking to invest in a property which will serve as accommodation for my three children when they enter university. All three children should stay in the same city throughout their studies and I'd like to secure accommodation for them during this period and beyond, if need be. I am fortunate enough to purchase a property for them, but I'm concerned about … [Read more...]
Co-owners caught up in usufruct dispute
This week the Property Poser expert considers a problem relating to co-ownership of a property over which a usufruct has been created. A reader explains that the usufruct was created in favour of her elderly stepmother – the usufructuary – with her and her brother as bare dominium holders. During the lifetime of the stepmother, the brother moved to the United Kingdom and the reader, with the … [Read more...]
Quick reference
Click one of these links for a quick solution to your problem. This page will be updated continuously. Annual General Meeting (AGM) Body corporate Chairman/Chairperson Commission Consumer Protection Act Co-ownership Deeds office Deposit Developer Divorce Drainage Eviction Fixture Fiduciary relationship Habitatio Homeowners Association (HOA) Huur gaat voor … [Read more...]
Joint property ownership problematic
This week, the Property Poser experts bring clarity to the murky issue of joint ownership for a reader who owns an undivided half-share in a property. The reader writes that the building has two separate entrances and that his co-owner rents out "her" side. He would like to know whether he has any claim to the income generated in this manner. There appears to be some animosity between … [Read more...]
Pitfalls of partnerships
Co-ownership of property, or partnerships, is a cause of concern for many Property Poser readers. The situation before our panel this week involves two partners, one of whom lives on the property. The latter is also the one who makes the bond repayments. Our reader is however concerned that the resident partner is “abusing the bond”, which places him as co-owner at risk. The resident … [Read more...]
