Property Terms

Property Rates

All You Need To Know About Municipal Property Rates

Municipal Property Rates COGTA defines property rates as the cent amount in the rand levied on the market value of the property (Land & Buildings). Property rates are calculated based on the value of land and improvements or buildings. This value is based on the market value of the property. That is the price that is realistically acquired for …

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real estate mandate

real estate mandate

A real estate mandate is an agreement between a Seller and the Estate Agent(s) regarding the marketing of a property, the agreement duration and obligations for both parties. Real estate mandate an overview Generally, they are three types of real estate mandate: Sole Mandate Dual Mandate (Multi Listing) Open Mandate The mandate must be reduced in writing and must …

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