FINANCE
This is according to Property rental specialist Marlon Shevelew who shared these facts along with Specialist sectional title attorney Marina Constas with REI . Both shared their insights on residential rental challenges facing landlords and property managers in South Africa .
Group stresses that landlords must do their research and have an intimate knowledge of the law before initiating eviction proceedings . “ The Rental Housing Act of 1999 governs the relationship between landlords and tenants in South Africa , outlining the rights and responsibilities of both parties ,” he explains .
Marina is a well-known specialist sectional title attorney and a director at BBM Law , which has branches in Houghton , Bedfordview , Pretoria , Umhlanga Rocks and Cape Town . Marina is also the co-author of the best-selling book , " Demystifying Sectional Title ", which is the definitive guide for anyone living , buying or leasing property in a sectional title complex , or anyone who deals with sectional title in any manner .
The PayProp Rental 2nd Quarter Index 2023 has revealed that the number of tenants in arrears has risen to an alarming 18.4 %. This is the highest figure recorded since 2021 and many property owners have found themselves with no choice but to seek legal recourse .
While unpaid rent is just cause for ousting a problematic tenant , Grant Smee , MD of Only Realty Property
51 OCT / NOV 2023 Real Estate Investor Magazine