New property owners no longer liable for previous owner's debt

The Pretoria High Court has declared the Section of Local Government Municipal Systems Act constitutionally invalid.

This ruling which was made yesterday changes the Supreme Court of Appeal's ruling that new property owners can be held liable for historic debts that dates back 30 years.

Metro editor and The Star senior journalist, Anna Cox, says the law was inconvenient for new property owners.

Basically before if you bought a property and you have clearance and you thought everything was fine, you move in and ask for your services to be connected and they sorry no, there is historical debt attached, we can't connect your services.

Anna Cox, Metro editor and The Star senior journalist

The lawyers should be going to previous owners saying before you sell you must pay off everything.

Anna Cox, Metro editor and The Star senior journalist

Listen to the audio below to hear how the new law works...

Read More
How to make SA's inner-cities more inclusive (and crack down on gentrification)

How to make SA's inner-cities more inclusive (and crack down on gentrification)

Development in areas like Cape Town's Woodstock or Joburg's Maboneng does not have to be at the expense of poorer communities.

Pensioner told to vacate home due to sinking foundations

Pensioner told to vacate home due to sinking foundations

Home owner says municipality and land developers unwilling to help them, told to vacate newly purchased home within 7 days.

Your property may be worth far less than you think

Your property may be worth far less than you think

There is often a serious disconnect between what an owner thinks her property is worth and how it will be valued by lenders.

5-point checklist to know if you can afford to buy a home

5-point checklist to know if you can afford to buy a home

If these five points check out; then you’re good to go, says personal finance advisor Warren Ingram.

Property owner? Don’t sell now (unless you truly have no other option)

Property owner? Don’t sell now (unless you truly have no other option)

The Money Show’s Bruce Whitfield interviews Ennik Estates Founder and Principal Ronald Ennik.

We won't negotiate land expropriation without compensation in coalitions - EFF

We won't negotiate land expropriation without compensation in coalitions - EFF

The EFF will enter coalition talks with a stance on land expropriation, nationalisation and free education as non-negotiable.

Property owner? Better sit down; you're now liable for 30 years’ municipal debt!

Property owner? Better sit down; you're now liable for 30 years’ municipal debt!

New property owners can now be held liable for municipal debts dating back three decades. Fair Credit's Stephen Logan explains...

What are the rights of a tenant when facing a sale of the rented property?

What are the rights of a tenant when facing a sale of the rented property?

What happens if the property owner decides to sell before the tenant's lease comes to an end? What are the rights of that tenant?

Popular articles
'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

The Money Show’s Bruce Whitfield interviews Ford South Africa CEO Jeff Nemeth.

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.

Mbete joins ANC succession race, and Zuma surprises Mkhize in KZN

Mbete joins ANC succession race, and Zuma surprises Mkhize in KZN

According to reports, some ANC Women's League members do not support Nkosazana Dlamini-Zuma, and want Mbete to take over.

Lumka Oliphant sorry for insulting women while defending Minister

Lumka Oliphant sorry for insulting women while defending Minister

Minister Bathabile Dlamini's spokesperson says people should stop spreading lies that minister drinks alcohol.

Terror expert warns that SA could be a target in 2017

Terror expert warns that SA could be a target in 2017

Sunday Times reported that a Islamic State bomb maker was arrested as he was about to board a flight to Johannesburg.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.