L16. Terms Deeds of Sale

They are referred to by various common terms in the real estate industry. The official term is a deed of sale under the Alienation of Land Act 1981 (because this Act is the fundamental legislation defining terms deeds of sale) but most agents, and the general public, casually call them ‘selling on the deed of sale’. This is a bit of a misnomer because all normal cash sales and cash-and-bond sales...

O10. National Credit Act

The National Credit Act (NCA) was signed into law on 15 March 2005 and governs the assessment, application and maintenance of credit granted by a credit provider to a consumer within the Republic of South Africa. The NCA must be read in conjunction with the Regulations passed in terms of the Act. The NCA has updated areas of the law that were contained in the Credit Agreements Act, the Usury Act and...

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