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The latter provides that, if the mortgagor defaults, the mortgagee may take possession of the mortgaged property and arrange for a private sale. However, after mortgagor default, the parties may agree that the mortgagee can take over the mortgaged property or sell it extrajudicially at a fair valuation.
Residents of Joe Slovo Community, Western Cape v Thubelisha Homes and Others (Centre on Housing Rights and Evictions and Another, Amici Curiae) [1] is an important case in South African property law, heard by the Constitutional Court [2] on August 21, 2008, with judgment handed down on June 10.
Stor-Age was founded in 2004 to fill a vacuum in self-storage facilities in the greater metropolitan areas of South Africa. Gavin Lucas, the current CEO of Stor-Age, who was certified as a CA at the University of Cape Town, began working with his father, Les Lucas, his brother, Stephen Lucas, and fellow accountant, Steven Horton, to build a real estate investment trust.
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Private property is a legal designation for the ownership of property by non-governmental legal entities. [1] Private property is distinguishable from public property, which is owned by a state entity, and from collective or cooperative property, which is owned by one or more non-governmental entities. [2]
Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate. [17]
Personal property, or personalty, was, and continues to be, all property that is not real property. In countries with personal ownership of real property, civil law protects the status of real property in real-estate markets, where estate agents work in the market of buying and selling real estate.
Types of property include real property (the combination of land and any improvements to or on the ground), personal property (physical possessions belonging to a person), private property (property owned by legal persons, business entities or individual natural persons), public property (State-owned or publicly owned and available possessions ...