The Property Practitioners Act: Required Content of Property Transaction Agreements
The Property Practitioners Act (“the Act”) was signed into law in 2019 and finally came into force on 1 February 2022. It will have a significant impact on estate agents, property developers and other property practitioners, and contains more obligations than in the Estate Agency Affairs Act that it repeals. It will apply in respect […]
Understanding the Property Practitioner’s Act, Act 22 of 2019
1.What is the Property Practitioner’s Act? The Act is a new legislation which has repealed the Estate Agency Affairs Act, Act 112 of 1976 (which only applied to “Estate Agents”), in its entirety. The Act came into effect as of 1 February 2022. It aims to allow for transformation in the property sector, to provide […]