A new twist in the question: Is the buyer of an immovable property responsible for paying the seller’s outstanding municipal account?
Municipalities are required to issue rates clearance certificates without which a property cannot be transferred from a seller to a buyer. The rates clearance certificate certifies that outstanding debts owing to a municipality up to the date of transfer have been settled. Property buyers relied on these certificates as proof that all previous debt on […]
Is the buyer of an immovable property responsible for paying the seller’s outstanding municipal account?
Are buyers of property responsible for the payment of outstanding municipal debt run up by the previous owner of the property? The short answer is “Not anymore”. For the long answer please read the rest of this article. What happened in the past? Municipalities had to issue rates clearance certificates without which a property couldn’t […]