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A deposit is a predetermined sum of money which a tenant is required to pay the landlord before taking occupation of any commercial premises.
The collective suburb of Berea, comprising smaller suburbs like Greyville, Musgrave and Upper Glenwood, was once home to some of the oldest manors in Durban.
There are several pitfalls one may encounter when attempting to rate VAT at 0% for a commercial property transaction.
When purchasing a property from a company or close corporation (CC) it is essential to ascertain whether the selling entity is currently registered with the Companies and Intellectual Properties commission or CIPC, previously known as CIPRO.
Commercial properties can host a variety of different tenants. What makes the property successful for both landlord and tenant will be whether the tenant mix works for everyone.
Industrial property still giving better returns than office or retail properties
Commercial property still offers the best returns
Rawson Auctions, which now has active franchises in the Western Cape and Gauteng, saw a 271% growth in turnover last year.