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Before looking at what makes these two types of ownership different, it’s important to understand the concept of ownership and property in the context of South African law.
Protected under our Constitution, no one may be arbitrarily deprived of their property. Though, property law is largely regulated and defined by common law principles which were inherited into our legal system.
Ageing is a natural part of life and it’s something we all must come to terms with. Upon retirement, many choose to down-size their living space and opt for a more affordable and secure home.
For many people, buying a new home is an absolute dream come true. However, before putting in an offer to purchase, it's important to do a proper inspection of the property.
Rent-to-buy, also known as rent-to-own, is when there is a lease agreement between the tenant and owner which provides for the rental of the property by the tenant for an agreed period of time and at the end of that time, the tenant has a chance to buy the house from the owner.
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