People & News

Deeds office on street?

The eviction order, granted to ApexHi Properties, the owner of the building, could result in disruptions to property transfers in the country's business capital, with catastrophic consequences for the property industry. The deeds office's 10-year lease expired at the end of September and, despite attempts to finalise a new one, nothing has happened. Gordon Leith of Edelstein-Bosman Attorneys said that the closure of the deeds office will cause massive delays and impact on the cash flow of attorneys, while Mike Pinnock of Tonkin Clacey Attorneys said that the damage caused by the deeds office not functioning could "run into hundreds of thousands if not millions of rands".

Article on Business Report

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