Embarking on homeownership in South Africa? Prepare for deposit, transfer duty, and legal fees. We're here to guide you through the maze of expenses so you can make informed decisions and start this new chapter of your life on the right foot.

Navigating a commercial lease? Watch for clauses on rent escalation, maintenance responsibilities, and early termination rights to safeguard your business interests under South African law.

At MJM Attorneys, we specialize in providing expert conveyancing services tailored to the unique needs of our clients across South Africa. From property purchases to title deed transfers, trust us to navigate your transactions with precision and efficiency.

Look out for any encumbrances, such as mortgages, liens, or easements, that may affect the property's title. Additionally, be aware of any restrictive covenants imposed by previous owners or homeowners' associations, which could limit the use of the property.

The credentials and expertise of the developer play a crucial role in assessing the quality and reliability of the property being offered. Homebuyers should consider the following factors

Never buy an RDP house from an owner who has not held the property for over eight years. Here's why.

Dreams of homeownership in South Africa often come with hidden costs beyond the property price tag. As the Reserve Bank's interest rate decision looms, new buyers must not only anticipate mortgage changes but also unveil the intricacies of transfer duties, bond costs, and maintenance expenses. In the dance of property acquisition, being well-informed about both visible and concealed expenses is crucial for a financially sound journey.

According to the law, a beneficiary of an RDP house cannot let the property for remuneration or sell their property if they have not owned and lived in that property for at least eight (8) years. If a person decides to rent out or sell their RDP house before the prescribed eight-year period as prescribed by the law, they will forfeit such property and the provincial housing department shall be deemed to be the owner of such property.

Repo rate hikes, determined by the South African Reserve Bank, impact the cost of borrowing money, including mortgage interest rates. As repo rates increase, homeowners may face higher monthly mortgage repayments, making it challenging to maintain their properties.