Monday, December 21, 2009

'Tis the Season to be Jolly

Better service delivery and tighter financial constraints, means that Mc Naught and Company will be open until the 24th December 2009 and then re-open on the 4th January 2010 with the Deeds Office, ensuring property registrations and bonds are not unduly delayed by the festive season.

We would like to thank all of our valued clients and associates for your support during a difficult year for everyone. With the upturn in the market and the 2010 World Cup Football event taking place in June and July we hope for and wish you all a very successful and prosperous 2010.

Top Marks in KZN for Tacey

It’s a time to celebrate with Mc Naught and Co staff coming out top in KwaZulu-Natal.

Our attorney and conveyancer Tracey received top marks in her Notary’s exam this year (only 4 of 40 candidates passed the exam and Tracey was top!! Excellent work Tracey.

Both Mark and Colin have also completed their Admission Exams, degrees and Articles qualifying them to be admitted as Attorneys and additionally as Conveyancers in the New Year joining Tracey who was admitted as a Conveyancer earlier in the year.

This is an awesome achievement by our dedicated staff in 2009 - well done and congratulations!!.

Sunday, December 20, 2009

Cancel Sales and Leases with care

No one like to cancel a sale or lease but when a buyer or tenant defaults it is important to do it correctly. Court disputes this year confirm that in order to claim payment of any damages or commission from a buyer’s or tenant’s deposit, the seller must have followed the correct procedures to place the party in default and then cancel the sale or lease.

And if a sale or lease is cancelled by agreement it is imperative to deal with the consequences of the cancellation such as Agent’s commission claims, legal costs or damages as well as whether the deposit or any part is to be refunded… in writing!!
The wording of the original sale agreement needs to also be studied carefully as specific provisions dealing with default are set out in the document and need to be followed, failing which claims or retention of a buyer or tenant's deposit may be illegal.
So if you wish to sign a new lease or sale contract on the understanding that the old lease or sale has fallen through it would be wise and in the best interests of the client to first check exactly how the previous deal was cancelled or dealt with and what provisions were made for payment of funds or costs paid and making provision for this in the new set of documents being signed.

Saturday, December 19, 2009

Bookings for 2010 World Cup in Durban

Mc Naught and Company are members of the webite which allows members of the public to make online bookings for consultations and meetings.
Book is growing and has a range of services as well as accommodation offerings for the 2010 World Cup Football which kicks off in Durban in June next year with a match between German and Australia.
Check out more information on the website and the blog.