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Analysis of the pros and cons of different property ownership vehicles

 
Publications
FAQ
Ghost Convey Articles

 

 

 

 

 

 

 

 

 

 

 

   
 
WHO CAN BUY PROPERTY? Private
Company
Close Corporation Partnership Trust Natural
Person
WHO MAY BE MEMBERS?

1 to 50 natural and/or legal persons

1 to 10 natural persons

2 to 20 natural and/or legal persons

Parties to a Trust are:

1) the founder

2) the trustee/s

3) the beneficiary/ies

Not applicable
HOW IS IT FORMED?

Registration at the Registrar of Companies by filing:

 

1) Memorandum

2) Articles of Association

3) Certificate of Incorporation

Registration at the Registrar of Companies by filing:

 

1) Founding statement

2) Certificate of Incorporation

Partners enter into a valid agreement. It is advisable to reduce the terms of the partnership agreement in writing

Registration at the Master of the High Court by virtue of:

1) an agreement (inter vivos trust)

2) will (mortis cause trust)

3) Court Order

4) Statute

Not applicable
DOES IT HAVE LEGAL PERSONALITY?

Separate legal entity

Separate legal entity

Not a separate legal entity Not a separate legal entity Separate legal entity

 

 

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