Fundamentals of Leasing & The Rental Housing Act

Duration: 3 days

Course Details:

This course introduces the fundamental principles required to become a rental agent and discusses industry practices and problems.

Topics include:

  • Detailed discussion of the important aspects of the Rental Housing Act.
  • Population density and its impact upon property values – problems with urbanisation.
  • Town planning schemes – what is allowed in terms of the town-planning scheme and the municipal by-laws?
  • Factors influencing property value.
  • Supply and demand.
  • Highest and best use.
  • Substitution.
  • General principles of valuation.
  • Potential and its influence on value.
  • Economic concept of potential.
  • Quantifying the influence of potential on value.
  • Case studies.
  • Discussion and comparison of the roles of the Tribunal and the Information Offices.
  • Use of the Information Offices for the Tribunal.
  • Discussion of problems being experienced by various Rental Housing Tribunals around South Africa.
  • Selected legal aspects of the lease agreement.
  • How to determine whether or not lease agreements comply with the Rental Housing Act and the Regulations
  • Understanding the differences between municipal value, insurance value and market value.
  • Determining whether the rentals charged in the building visited are exploitative or not.
  • Unfair practice Regulations

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