What generally happens is when I see the client - when you go through a lawyer’s office you may see the paralegal secretary who will take you through the initial stuff, then you will meet the conveyancer who goes through the documents. Should I be concerned when somebody says that to me - because suddenly I have no right of recourse if the roof caves in tomorrow? It’s become practice in South Africa that every standardised estate agents’ agreement has got a “voetstoets” clause - people don’t even know what it means and they sign it. Now I don’t know what the caller is talking about when she mentions the “vast amount” outstanding - if there is an amount outstanding that’s probably not for her account, it might relate to the developer. When you’re signing that lease always with the mortgage documentation and the security documentation - upfront try and work your way out of what could be a problem. If you don’t achieve either of those two the condition dies - if the condition is not fulfilled the agreement dies - so there may be an opportunity to get her deposit back because there is no sale agreement any more by operation of law. read more

Filed in: Cash Loan For Newly Unemployed