What is a participation quota?

When you're in the process of buying or selling a property, you're likely to encounter various costs and fees in addition to the purchase price. One of these expenses is conveyancing fees, which are an essential part of every property transaction. But what exactly do conveyancers do, and why are their services so important for both buyers and sellers?

Although the seller is not obliged to provide copies of approved building plans to prospective buyers, it is also the buyer’s right to ask for them. It can be tricky to obtain the necessary building plans unless provided by the seller. For this reason, buyers might request to include a clause to that effect in the offer to purchase (OTP).

In South Africa, compliance certificates are essential documents that property sellers and landlords must obtain to ensure that their properties meet certain legal and safety standards. These certificates help protect both buyers and tenants by verifying that the property is safe and in compliance with relevant regulations.