Only a conveyancer can transfer property according to the laws of Botswana.
No. The purchaser has to engage a conveyancer for the transfer and bonding of a property.
Only citizens and citizen-controlled companies are eligible to purchase BHC properties. (Citizens controlled companies refer to those with a majority shareholders being Botswana citizens).
A company can buy one or more houses from BHC depending on availability.
BHC alone has the right to sell its properties.
Married couples can only buy one house from BHC, however in some cases a sale to a spouse can be considered. Refer to question (Can I buy more than one property from BHC?) .
An individual or married couple are allowed to buy one house from BHC country wide. Applicants who have already purchased property from BHC, spouse jointly counted, shall only be considered where there would be no offers from first time buyers.
BHC only maintains structural defects for active TPS/SOS sales as per the sale agreement otherwise the customer maintains all other defects. For outright sale arrangement, the owner is liable for maintenance costs.
If you have bought outright, you can make alterations without consulting BHC, however if you have bought through TPS/SOS you have to seek permission in writing from BHC. In both cases the customer has to satisfy council bye-laws on any improvements proposed.
Yes, you are allowed to lease out your TPS/SOS house, however the purchaser remains responsible for the obligations of the sale agreement.
You can get TPS/SOS statement from any BHC credit control office.
Value Added Tax is a Government tax. It affects Purchasers who bought houses through TPS/SOS before the tax was introduced because the administration fees attract VAT. The VAT increased the instalments.
Section 6 of the Transfer Duty Act prescribes that such a duty is payable six (6) months from the date of sale of land. It further stipulates that if the duty is not paid within the prescribed time then a penalty shall be levied on the outstanding amount at the rate of 12% per annum. It is important to note however that both the Deeds Registry Act and the Transfer Duty Act are not being administered by BHC.
Purchasers pay rates as per their obligation in the sale agreements they entered into with BHC. Also, the Township Act qualifies the Purchasers to pay rates as "owners" because of the sale arrangement.
- The longer the contract period, the smaller the instalment, hence the greater the interest charge, and the less the balance reduction, that is, the greater part of the payments goes to interest.
- In case of SOS, rental increase has an effect.
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