SPONSORED BY STBB
A township owner is not restricted to sell only serviced stands in an approved township but may also sell the whole , a portion , the remainder of the township or a share in in the whole of such land to a purchaser who is willing to take over the obligations of the township owner in respect of the stands situate thereon .
The fact that the purchaser is obliged to take over the obligation to install the services for the erven situate on the whole , a portion or the remainder of the township in terms of a new services level agreement entered into with the municipality allows for such transfer to take place without having to submit a services certificate for these erven . It is only when the purchaser wishes to dispose of these individual stands that the Deeds Office will require the submission of a services certificate for these stands .
“ The first step in putting this deal together is to identify the specific stands in the township which the purchaser wishes to buy .”
STBB offers a variety of legal services where our expertise and friendly approach allows us to deal with every legal matter in an effective and efficient manner ensuring a pleasant experience for our clients .
In the property sector we cover :
• Property law : We offer benchmark services for both retail and development property transactions . We are reputed for our teams of seasoned property law practitioners who share an extensive set of skills to smoothly address every aspect of property law and land development transactions .
• Local Government , Planning , Development and Environmental law : Our Development Law Unit has nine specialists addressing development requirements in the fields of planning law , environmental law , construction law , renewable energy law and local government law . The Unit partners with land developers to function as a vital watchdog and one-stop-shop for all legal requirements of land development projects , including low cost housing projects .
For more information related to the information published , please contact Gert Minnaar at gertm @ stbb . co . za or visit our website www . stbb . co . za to view contact information for your nearest branch .
16 NOVEMBER - DECEMBER 2021 SAAffordHousing saaffordablehousingmag SA Affordable Housing www . saaffordablehousing . co . za