SECURE YOUR WEALTH !
As a PROPERTY OWNER
you have options and can enjoy
financial leverage and
stability. The value of property doesn't depreciate over time, but
keeps up with inflation or exceeds it in terms of growth.
Purchasing property
can be a tax shelter...
Types of
Property Ownership:
> Full Title
Absolute ownership over the property, as defined by property title
deed.
> Sectional Title
Is the purchase of a unit in a scheme, and joint ownership of the common
property, that can be enjoyed and used by all owners in the scheme.
> Share Block
Is the sale of shares in a share block company, that entitles one the right
to use and occupy a specific property. A shareholder does not become the owner
of the property.
> Fractional Title
Is a percentage share in a property which is sold to a number of individuals,
with a shared interest in the property to enjoy the privileges of scheduled
property use, and ‘fraction’ in property ownership.
AN ESTATE AGENT PLAYS A VITAL ROLE IN ENSURING SECURITY OF YOUR
INVESTMENT :
When the right property
is found, a willing Purchaser puts in an Offer to Purchase – for the acceptance of the Seller, this agreement is
then sent to the nominated conveyancing attorneys – to start the process of
changing the Registered Title Deed over the property to the name of the
Purchaser.
This transfer process
takes 3 - 4 months depending on the circumstances of each property
transaction.
The Registration Process
South Africa has one of the best deeds
registration systems in the world.
One has the option to purchase property in your own name or
through a company or trust.
An investor should discuss the best method of purchase with their lawyer,
as taxation benefits will vary.
Property may be owned on either a freehold, leasehold or sectional title
basis.
One exception of ownership is mineral rights, which belong to the
government of South Africa. You may own the land in theory, but not the right to
extract minerals from the land.
Real estate investments in South Africa are considered
very safe. INVEST TODAY & SECURE YOUR
FUTURE