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
www.brunosimaolaw.co.za/
(011) 234 0831
info@brunosimaolaw.co.za
Cilna Steyn of SSLR Incorporated Incorporated
www.sslr.co.za/
086-100 7757
enquiries@sslr.co.za
#structures #leasining #evictions