Property Investment

New Listing in Marlborough Park

One bedroom apartment with mountain views:

Marlborough ParkMarlborough Park is a residential complex consisting of four buildings. This complex boasts beautiful park-like gardens, a communal pool, laundry and braai facilities. We are offering a bachelor apartment in the Sedgemoor building, with beautiful mountain views.  Read more

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

Show Time in Claremont

Penthouse living at its best: 

intabaFrom the moment you enter this spectacular apartment, Luxury and practicality are rolled into one with touches such as, wireless sound system, automated window treatments, double glazing, under floor heating, air conditioning throughout and top quality finishes. Make an effort to personally view this Penthouse, as we showcase this unique offering.

Click on link to view more information about this Claremont apartment for sale.

Contact Charlene Faint on 083 765 2116 for further queries.

Showhouse is on Sunday 24 January 2015, from 2pm – 5pm. 

Tenants Tips: Avoid Pitfalls when Renting Sectional Title Property

Intaba Building ImageChas Everitt – Lots of tenants relocate around year end, but before they sign the lease for their next sectional title apartment or townhouse, they need to take a few precautions says Greg Harris, CEO of Chas Everitt Property Rentals.

FINANCIAL POSITION OF COMPLEX AND OWNER
For a start, they should make sure that the financial position of the sectional title scheme is sound and that it is well-managed, because if the owners have been lax about paying or collecting the levies and the body corporate is short of money, the maintenance of the building or complex will inevitably suffer, and they could shortly find themselves living in run-down surroundings.

In addition, if it turns out that their landlord is one of the owners who are in default on levies, the unit they are renting could well be attached and sold in execution to pay for the arrears, leaving them in a very uncertain position.

WHAT IS INCLUDED AND EXCLUDED IN THE RENTAL?
Secondly, sectional title tenants also need to be very clear about what their monthly rental covers and if or how any increase in levies might affect them.

Generally, the unit owner/ landlord in a sectional title scheme is responsible for the maintenance and any repairs to the interior of the unit, while the upkeep of the exterior and common areas such as gardens and garages is the responsibility of the body corporate and is paid for out of the monthly levies.

However, this does not necessarily mean that tenants don’t have to worry about the annual levy increases or any special levies that may be imposed on owners. Before they sign it, they should check their lease carefully to see if it provides for the landlord to increase the rent in the event of any levy increase.

And while they’re about it, they should also find out if their rent includes parking, for example, or the use of a storage area, or if they will need to pay an additional monthly amount for that, and how they will be charged for municipal services. It is always better when units have their own separate electricity and water meters.

Billing can be very unfair and the cause of much unhappiness and even disputes in schemes where the body corporate still receives one overall account for services from the local authority and just divides it among the residents according to the relative size (PQ or Participation Quota) of their units.

WHAT ARE THE CONDUCT RULES? 
Then the third thing that prospective tenants need to check is the conduct rules that apply to a particular sectional title scheme. Legally, a copy of these has to be attached to the signed lease, but it is always a good idea to go through them before that.

For example, the lease document might omit to say anything about pets, but if the conduct rules say “no pets”, this could make the unit unsuitable for some tenants and it would be much better for all parties if they were aware of this before signing a lease.

WHO MANAGES THE COMPLEX?
And finally, it is worth bearing in mind that sectional title schemes are generally better-managed when the trustees have appointed a professional managing agency to collect and administer levies efficiently and to assist them to run the building or complex properly.
Other Articles of interest to Tenants
Tenant Rights in South Africa

Rental Housing Act Amendment

Author: Barry Davies

New Release in Kenilworth

Renovated two bedroom apartment: 

Kenilworth ApartmentSet at the back of the property, this apartment has an open plan fully fitted kitchen leading into a dining area and lounge. There are French doors leading out from the dining area to a paved area for entertaining. The upper level has two spacious bedrooms. The main bedroom has built-in cupboards.

For more information about this Kenilworth apartment for sale follow the link.

Contact Chas Everitt agent Cheryl Butler on 021 712 5029 / 083 264 6560 for further queries.

New Release in Rondebosch Village

Modern and secure complex with views and style:

1 (2)A unique and exciting opportunity to purchase one of the biggest, spacious 132m² Stables apartments set in Rondebosch Village. This apartment features two bedrooms, two bathrooms and open plan kitchen fitted with granite tops. The second bedroom is a loft room and can also be used as a study. The large dining area and lounge are open-plan.

Click on link to view more information about this Rondebosch apartment for sale.

Contact Charlene Faint on 083 765 2116

 

Claremont Apartment

CLAREMONT APARTMENT WITH GARDEN VIEWS:
One bedroom apartment on show in Marlborough Park. The complex boasts beautiful gardens, a communal swimming pool, laundry and braai facilities. An onsite office ensures smooth running of all operations and twenty four hour security. Viewing is from 2pm – 5pm.
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Click on link to view more information on this Claremont apartment for sale 

Contact Charlene Faint on 083 765 2116 for further queries.

‘Vistastic’ views from this apartment!

Marlborough Park comprises Sedgemoor, Doncaster, Lancaster and Blenheim. This complex is known for its park-like gardens complimented by a communal pool and entertainment facilities.  Fully furnished and equipped two bedroom, one bathroom apartment in the Doncaster building.  This is north facing with spectacular panoramic views of Claremont.
The apartment is spacious with large windows facilitating views of the gardens, the mountain and Claremont CBD. The two spacious, double bedrooms are carpeted with built-in cupboards and has under floor heating. This apartment has a lock-up garage. Marlborough Park is within walking distance from Cavendish Square and the Jammie shuttle for UCT students. There is an on-site office to ensure smooth running of all operations and twenty four hour security. As the agent Charlene Faint says, “this will be sold within two weeks max!”  Click here for more details of this Claremont apartment for sale.

Sectional Title Owners Must Be Involved

Read this informative article by Andre de Villiers on the need for Sectional Title owners to remain actively involved in the Body Corporate activities and responsibilities. 

Sectional Title #TheClaremont on show

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We look forward to meeting with you from 2-5pm on 26 January 2014 Sunday afternoon. As we will be showing a two bedroom, one full bathroom apartment at The Claremont on 53 Main Road Claremont. If you are in the area please come along and meet with us at reception, where we will assist you in viewing this well-priced, 24 hour security complex with basement parking  and lushes sparkling pool. Take a 2 minute stroll to Cavendish Square or have a work-out at one of two gyms right at your door step.  For more info on this Sectional Title apartment, read more…

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Sectional Title – If you don’t like the rules…….

Then don't buy a unit in the scheme!

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The Act forms the basis of a scheme and lays the essential groundwork according to which all sectional title schemes in South Africa must operate, but it is the management and conduct rules that apply to a scheme that determine HOW the owner, his family, his visitors, his staff and tenants must or must not act.

The RULES are crucial… never ever buy a unit in a sectional title scheme unless you've studied the rules first! Rules are essential, they set the tone in a complex and often define its character. They are designed to ensure that residents co-exist harmoniously by knowing what to expect of their neighbours and allowing their neighbours to know what to expect of them. Fortunately the Act allows for sufficient flexibility in the setting up of the rules.