Otto Krause Inc. News
Stay updated with the latest newsThe Conveyancing Process
Conveyancing involves the registration of a transfer of immovable property from one person to another and all ancillary registrations such as the registration of the purchaser’s bond and cancellation of the seller’s bond. A conveyancer is an attorney specialising in...
Disciplinary Hearings
Misconduct in the workplace can necessitate a disciplinary hearing. This hearing can in short be described as a meeting between two or more people, usually the employer and employee. The purpose of a disciplinary hearing is to establish whether there is sufficient and...
Prescription of debt
Prescribed debt can be described as debt that has not been acknowledged over a period of 3 years (with exceptions) and has therefore expired. This sounds quite straightforward, but there are rules and regulations that need to be understood. Different periods apply to...
Debt Review vs Debt Consolidation
Unfortunately with the current economic climate, many South Africans struggle to manage and repay their debt. Debt review and debt consolidation are options that may be considered to help ease the burden. Though it may sound like the same thing, there are differences...
Consequences of non-payment of Sectional Title Scheme Levies
Levies raised by body corporates of sectional title schemes are essential for the maintenance and management of the scheme. Various costs such as maintenance, insurance etc. are covered by these levies to maintain the communal areas and infrastructure. When owners...
What is a Trust?
A trust is an entity created by an individual, the founder, in terms of which assets are transferred to the trust for the benefit of its nominated beneficiaries. Trust assets are managed by trustees. Trust assets are accumulated and held in its own right and does not...
The role of the Small Claims Court
The Small Claims Court exists to make justice more accessible and less expensive. It also provides for an expedited process where the size of the claim does not warrant expensive and drawn out litigation. Claims not amounting to more than R20 000.00 may be heard in...
Parenting Plans
Section 9 of the Children’s Act (“the Act”) states that the best interests of the child is paramount in all matters involving the child. It is easy to lose sight of this where parents split up. A parenting plan can help to put personal differences aside and arrange...
Rental deposits
It is a common clause in most lease agreements that a tenant is to pay a deposit. This deposit serves as security and covers potential damages and breaches of the agreement. Though circumstances when the deposit may be withheld may be outlined in the contract,...