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Author: Hammond Pole

Hammond Pole Attorneys > Articles posted by Hammond Pole (Page 6)
23 May
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Two types of terminations under debt review – and what it means for the consumer

Posted by Hammond Pole
in Hammond Pole Blog, Know The Law, Legal Advice

When you're in debt, it can be scary to think that your creditors could take legal action against you. But if you apply for debt review, you're protected from this, right? Well, not entirely. There are two types of terminations that can happen when you're under debt review. If you don't follow the rules or make your payments on time, your account can be terminated either under section 86(10) or section 88(3) of the National Credit Act. If your account is terminated under section 86(10) This means that you didn't file a debt review application within 60 days of applying for it. In...

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09 May
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The Gig Economy and Workers’ Rights: Striking the right balance

Posted by Hammond Pole
in Hammond Pole Blog

The gig economy refers to a type of job market characterised by temporary or freelance positions, as opposed to permanent jobs. Here, people work as independent contractors or freelancers, offering services on a project-by-project basis. Gig workers encompass various types of workers, such as independent contractors, online platform workers, contract firm workers, on-call workers, and temporary workers who work for digital economy firms like e-hailing and delivery apps. Although the gig economy offers workers a sense of flexibility and independence, it also comes with significant drawbacks, such as income instability, a lack of benefits, and difficulties in establishing a stable...

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20 April
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Municipal accounts – rates and refunds – before and after a property sale transfer registration

Posted by Hammond Pole
in Hammond Pole Blog, Property Law

Many first-time home buyers (and sellers) think that the final step in the process of selling or buying a property is the registration of the transfer of sale. Sadly, this is not the case; more paperwork and admin await. Once a property is sold, the buyer must open their own account with the municipality in their own name and the seller must have cleared and closed their account. Here’s what you need to know on both sides of the transfer.  What is required before a property transfer can take place?  To register a property transfer at the Deeds Office, a Rates Clearance...

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05 April
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Debt Review and how you can qualify for it to help ease your financial burden

Posted by Hammond Pole
in Hammond Pole Blog

What is Debt Review?  Debt review, also known as debt counselling, is a debt relief measure in South Africa that helps over-indebted consumers settle their debt within a prescribed period. In essence the process entails that a consumer’s debt is restructured by reducing the monthly payment and extending the term, so as to settle their debt. Most importantly, when under debt review, consumers are protected against any legal action.   How to qualify  Any South African can apply for Debt Review however there exists specific requirements as set up by the National Credit Act, 35 of 2005 in order to qualify for Debt Review....

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22 March
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Finance Linked Individual Subsidy Programme (FLISP) – What you need to know.

Posted by Hammond Pole
in Hammond Pole Blog, Property Law

The Finance Linked Individual Subsidy Programme (FLISP) was developed by the Department of Human Settlements to enable affordable home ownership opportunities for South Africans. What are the requirements to apply for a FLISP subsidy? 1. You must be a South African citizen with a valid ID; or permanent residents with a valid permit. 2. Applicants must be over 18 years of age and competent to enter a legal contract. 3. FLISP is open to individuals who have never benefited from a Government Housing Subsidy Scheme before. 4. Applicants must have an ‘Approval in Principle’ of a home loan from an accredited South African financial institution. 5....

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13 March
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Safeguarding your joint property purchase: A how-to guide for buyers

Posted by Hammond Pole
in Hammond Pole Blog

In today’s current economic climate, it can be advantageous for both young entrants into the property market, as well as more elderly house buyers to consider pooling resources to buy a property together. Buying a home is one of the biggest purchases you will ever make and so to ensure that your purchase, and your relationship, stand the test of time, it is advisable to draw up a legally binding contract between all parties. The agreement should set out the nature of the partnership and who is responsible for things like improvements, maintenance, and even Ts & Cs around its...

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