Property Due Diligence Report
When buying real estate, the Latin phrase “caveat emptor” applies, describing the due diligence process, which means “let the buyer beware.”
Property Due Diligence Report
When buying real estate, the Latin phrase “caveat emptor” applies, describing the due diligence process, which means “let the buyer beware.”
Give us a call for a Free Quote or follow the links below and one of our agents will get back to you as soon as possible.
Why Is Property Due Diligence Audits Needed?
The Due Diligence report informs the buyer of all aspects of a property’s legal condition and viability and identifies all risks, responsibilities, and costs before committing to purchase.
One of the risks of buying a property is that you are buying the seller’s problems.
The Due Diligence report protects you from making a big financial mistake by giving you as much information as possible about the property you are buying.
1
Approved as-built Plans.
Make sure all buildings on the property are legal and approved by local authorities.
2
SPLUMA Spatial Planning and Land Use Management Act.
State the boundaries and zoning of an erf.
3
Heritage Property Certificate.
Certify whether your property is a Cultural Heritage site, and if so, what regulations apply.
4
Key Compliance Audit.
Audit compliance of property-related documentation.
1
Approved as-built Plans.
Make sure all buildings on the property are legal and approved by local authorities.
2
SPLUMA Spatial Planning and Land Use Management Act.
State the boundaries and zoning of an erf.
3
Heritage Property Certificate.
Certify whether your property is a Cultural Heritage site, and if so, what regulations apply.
4
Key Compliance Audit.
Audit compliance of property-related documentation.
Approved As-Built Plans
All permanent structures on an erf must be included in the most recent drawings and submitted to the council for approval to indicate the location of the structure. All permanent structures not shown on the most recently approved plans are considered illegal structures. In this case, the owner must update the plans and have them approved by the City Council. If the building does not comply with the regulations of the local authorities, the owner can be forced to demolish all buildings that do not comply with the regulations.
The buyer must make sure that the current buildings are included in the approved plan.
SPLUMA Spatial Planning And Land Use Management
Before a land transfer becomes legally effective, the municipality must issue a SPLUMA certificate confirming that all land use and development regulations have been complied with.
Heritage Property Inspection
All buildings older than 60 years are under the general protection of the Provincial Heritage Recourses Authority. Owners must obtain a permit from the appropriate NHRA before demolishing, remodelling, or renovating a building.
Key Compliance Audit
Electrical Certificate of Compliance.
- Electric Fence Compliance Certificate.
- Gas Compliance Certificate (Any permanent gas installation).
- Certificate of Compliance of Water Installation (This is not a legal requirement in South Africa, but it is good to know of possible defects).
- Beetle Certificate of Clearance (Coastal regions).
- Plumbing Certificate (This is not a legal requirement in South Africa, but it is good to know of possible defects).
- Fire Certificate (Commercial and Sectional Title).
- Occupational Certificate.
- Clearance Certificate (Sectional Title).