How To Structure Rental Property Business [South Africa]

How To Structure Rental Property Business [South Africa]? The topics we cover in today's video are detailed below:

Trusts vs companies to buy properties - Asset protection - Tax efficiency - Tax deductions - Estate duty - Bank financing optimization - Suretyship - Affordability - Track record

Leasing - Furnished unit - Fair wear and tear of furniture defined in agreement - Rental Housing Act provides that landlord responsible for fair wear and tear of the unit but not the furniture - Agreement should govern furniture and who is responsible for fair wear and tear - What is fair depends on the purpose and use

Evictions - Court orders to vacate - Time periods that Court allows - Differs between areas, affordability, homelessness and other factors - Seldom immediate

Homeowners Association - Purpose not met as Municipality did not permit closing-off streets – Solution may be to wind-up HOA - Consider Memorandum of Incorporation and shareholders' agreements - Better mechanisms exist for this purpose

Christopher Abrahams hosts the panel of experts

Bruno Miguel Simão of Bruno Simão Attorneys
https://www.brunosimaolaw.co.za/
(011) 234 0831
[email protected]

Cilna Steyn of SSLR Incorporated Incorporated
https://www.sslr.co.za/
086-100 7757
[email protected]

#structures #leasining #evictions