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| December 2019 NEWSLETTER |
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Property Sales and Trusts: Demand Proof of Trustee Authority
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Selling property to a trust comes with a particular risk, and it’s one that - although easily avoidable - still seems to catch sellers unawares on a regular basis.
Not checking that the trustee/s signing the offer to purchase/deed of sale are fully authorised to do so could leave you with no sale at all. We illustrate the downsides of not checking for trustee authority by discussing a recent Supreme Court of Appeal judgment in which a seller’s R3m claim came to naught, because only one of two trustees had signed the sale agreement for the buyer.
We end off asking whether in such a case you can hold the unauthorised trustee personally liable for damages.
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Your Website of the Month: A Festive Season Home Security Checklist
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Every year the criminal fraternity welcomes the onset of the Holiday Season – lots of empty homes, lots of high-value new gadgets around, lots of relaxed homeowners letting their guard down…
Here’s how to foil the bad guys while enjoying your year-end break as a time of celebration and relaxation, not a time of worrying about whether your home-sweet-home will be ok without you, and stressing over the aftermath of a burglary (or worse).
“Locking Up For The Holidays: Your Home Security Guide” on the Private Property website has a useful checklist for you. It’s written mostly for home owners headed out of town, but there’s also a lot of good advice there for “holiday at home” families.
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Thank you for your support in 2019.
Have a Wonderful Festive Season, and a Happy and Prosperous 2020.
Enjoy the Break!
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Disclaimer
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The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact us for professional, detailed and appropriate advice.
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