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Tel: 021 554 4882 | Fax: 021 554 0991 | E-Mail: info@lublaw.co.za             

When Your Buyer Can’t Get Finance, Might a Kustingsbrief Save the Sale?

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“A kustingbrief … has long been recognised as a superior front-ranking form of security.” (Extract from judgment referred to in the article) You accept a great offer on your property, the sale agreement is signed and the buyer pays the deposit. You put the champagne on ice. But...

Living Wills: 6 Myths Busted

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Health issues and mortality are facts of life, no matter how remote they may seem at the moment, nor how distressing they are to contemplate. For your family’s sake as well as for your own, make sure that you have a Living Will (or another form of “advance healthcare directive”...

“Double Jeopardy” for Tax Evasion – Penalties plus Prosecution

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“Administrative penalties and criminal proceedings do not serve the same purpose. The [one] is aimed at strengthening internal controls of the administrative authority and to promote compliance while the other is aimed at correcting a behaviour that caused harm to the society.”...

Websites of the Month: Community Schemes – “CSOS Connect” Services Going Live

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If you are in a Community Scheme such as a Sectional Title development or a residential complex with a Homeowners Association (HOA), keep an eye on the “Shared Living” magazine from the CSOS (Community Schemes Ombud Service) on its Newsletter page. Most of the articles are...

Selling Property this Festive Season: The Tax Angle

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December and January have always been prime months for selling residential property in South Africa, and if you are a “Festive Season Seller”, here are two really important tips for you. Plan your finances Understand and plan for all the financial implications, not just the legal...

Generational Wealth Planning – To Your Children and Beyond!

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“Are we being good ancestors?” (Jonas Salk) What do you plan to give your family this Festive Season? Now’s the time to think beyond the brightly wrapped gifts under the tree and get started on an estate plan which will leave your loved ones the lasting gift of financial freedom....

A “Running Down” Damages Claim – Elite Athlete v Happy Snapper

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“This is a running down case: literally” (Extract from judgment below) The scene is Cape Town’s iconic Sea Point Promenade. An elite runner participating in a race knocks down a pedestrian out for a Sunday walk, causing serious injuries. The pedestrian sues both the runner and...

Employers: Don’t Miss Your Employment Equity Report Deadline!

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Before you close up for the year, remember that if you are a “designated” employer, your Employment Equity Act (“EEA”) Report is due on 15 January 2023. Failure to comply carries substantial penalties so don’t miss this deadline. You are likely to be a designated employe...

Website of the Month: Don’t Stress this Silly Season!

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“You can tell a lot about a person by the way they handle three things: a rainy day, lost luggage and tangled Christmas tree lights.” (Maya Angelou) December holidays are a time for winding down, recharging your batteries and sharing some quality family time. But it...

Bond Clauses: Beware the Deadlines!

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“I love deadlines. I love the whooshing noise they make as they go by.” (Douglas Adams) Here’s yet another reminder from our courts on the danger of not complying strictly with every provision in a property sale agreement. Don’t be like Douglas Adams and listen to the deadlines...

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