Too many businesses overlook the importance of a fixed asset register, and leave the numbers up to the accountant for compliance purposes. However, a current and accurate fixed asset register is a vital tool for businesses. It plays a key role in both short and long term planning as well as maintaining compliance. What is [...]
Sectional Title refers to the type of land ownership whereby various people each own a flat or townhouse (known as a section) within a complex. All the section owners, in turn, own the common property collectively, and they share all the responsibilities and rights inherent in that ownership. Sectional Title properties are managed by a [...]
Development land is any piece of land that is available for the development, or redevelopment, of new offices, houses or factories. A professional valuation of development land is often required for the purposes of obtaining advice on loan security, capital taxes, planning purposes, sale or valuation of options. There are two main approaches valuers use [...]
In the last few years, many municipalities around South Africa have changed the way in which they value residential and commercial properties in order to determine the rates they apply to these properties. Naturally, the higher a property is valued, the higher the rates will be. Generally speaking, most property owners expect that the rates [...]
Many areas of South Africa are supplied with water borne sewage systems. But as urban areas become more and more built up, and many new developments have to be further out of main centers, the chances are good that any vacant land sold will have to be suitable for septic tank installation, and any developer [...]
We recently talked about the challenge of finding the right piece of vacant land for development, and discussed the zoning, topography, and the availability of municipal services. There are additional questions that you should be asking of your property agent to make sure that you don’t trip over hidden problems later. Conservancy Something that very [...]
Many investors shy away from involvement in developing vacant land because of the sheer number of issues that it brings with it. However, choosing the right piece of land to develop can be a lucrative investment. What should a savvy investor look out for when considering developing vacant land? Your due diligence should include the [...]
Professional valuation companies and chartered surveyor services go hand in hand. The value of a business, a commercial or residential property, or plant assets are all part of a bigger puzzle where specialist services are generally required. A chartered surveyor can be involved in mortgage valuations, building surveys, land surveying, or estate management. Globally, [...]
At The Property Partnership, we assist clients with Internal Financial Reporting Standards (IFRS) requirements. These are the standards whereby land and building assets may need to be apportioned for depreciation purposes. What does that mean for you? According to Whatis.TechTarget.com, International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, [...]
At The Property Partnership, we provide motivated valuations of property, plant and machinery. “Motivated” means we include supporting documentation to clarify our valuations, in order to empower you to justify these values to your shareholders, the bank, your buyer, or for any other purposes. Typically, our clients need these kinds of valuations for the following [...]
Financially speaking, when we talk about assets, we mean economic resources. In other words, anything your company has that is capable of being controlled or owned in order to produce positive economic values is deemed to be an asset. A business’s plant and machinery are a considerable asset, often making up a staggering 80% of [...]
In everyday language, the phrases “to value” and “to appraise” something are often used interchangeably, and are applied whenever we need to work out how much something is worth. In the property industry however, there is a vast difference between an appraisal and an evaluation, which is why people often get confused as to [...]
A rental determination for industrial or commercial property is very seldom a straight-forward affair. And while many are sought during a dispute, this is not the only time they should be carried out. A rental determination is generally required on specialised properties where a fair and market-related rental would be difficult to ascertain. For example, [...]
How often should you value your business assets? Opinions vary, but a wise business owner would consider a valuation on all property, plant equipment, and actual businesses every three years. However, South African business owners have encountered a unique challenge if their assets were purchased off-shore. In an article entitled “Fluctuating Rand Plays Havoc with [...]
Before any commercial real estate transaction takes place – whether it’s buying, selling or leasing - the value of the building in question has to first be appraised. Determining the value of a commercial property is not a simple task, and it is often a lot more subjective than the valuation of residential properties. This [...]
