|How safe is your money.|
Thursday, 24 September 2015
Many people who have fallen victim of property fraud are those who amongst other things have been ignorant to a principle behind the handling of money during a sale of immovable property. This principle dictate that before change of ownership the money belongs to the buyer and the property to the seller. A trust account is therefore, set up in order to satisfy this need of this principle because when you make a payment your money must be deposited into this trust account whilst yourself and the buyer effects a change of ownership in your favour.
Thursday, 10 September 2015
“I built my house on a wrong stand,” is a statement that expresses a reality of investing in real estate. Its possible that in the excitement of purchasing a stand you can by mistake build the dream house on a wrong piece of land usually an adjacent stand. If this happens my question is what do you do to rectify this problem. Well as a property consultant I will give some legal remedies that can be applied to help you out.
One of the ways forward is to swap these stands and a conveyancer is approached to create a deed of rectification. A deed of rectification is meant to legally swap ownership so that you own the stand you by mistake built on and the owner of this stand owns yours.