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Articles by NEA Inc.

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Filter: Sale
What to do if the suspensive condition is not going to be met?

15 July 2022

A typical situation encountered in a property transaction: The deed of sale has been signed, the intended buyer is applying... for a loan but paperwork and delays at the bank slow things down. Suddenly the transferring attorney lets the buyer know that they only have a few days left to satisfy the suspensive condition in the deed of sale. What does all of this mean and what happens if the loan is given, but it’s a day late?

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199
Article
How to validly extend the period for getting your home loan approved

07 June 2018

I’m trying to buy a house. The purchase agreement is subject to the condition that I obtain a mortgage bond... within 30 days. My time is running out but I’m close to getting the financing approved from my bank. I just need a few more days. Is it possible to extend the 30 day period and if so by when must this be done? I really don’t want to lose this house!

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271
Article
Clarity at last! A new owner is not responsible for the municipal debt of the previous owner

10 October 2017

I’ve been following the running debate in the media over the last few years about whether the municipality can hold... a new owner responsible for the municipal debts of the previous owner. I understand now that the matter has been decided on by the Constitutional Court. But is it really resolved?

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258
Article

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