Tag: Estate Agency Affairs Act
Non-compliant property practitioners to soon be practicing on rented time
Property practitioners, including estate agents, candidate estate agents, and property managing agents (the agents), have for years been regulated by the Estate Agency Affairs Act, 112 of 1976 (EAA). However, this is soon to change with the enactment of the Property Practitioners Act, 22 of 2019 (the Act), signed into law by President Cyril Ramaphosa, and with an effective commencement date of 01 February 2022.
Is your Property Managing Agent compliant?
How do you go about choosing a Property Managing Agent for your residential or commercial property in South Africa? This is a very important question to ask, and the answer is a little bit more involved than you might think. Choosing a Property Managing Agent is a very important consideration for Body Corporates and Trustees alike.
