Penny +27 (021) 439 9880 - penny@mandeproperties.co.za

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Purchase Procedure

A brief summary of the transaction process

Upon confirmation of your purchase, we will forward you the relevant documentation for your completion, signature and payment which is effected into the Mande Properties Trust account.  

Upon completion of the documentation and payment, you may either scan and email or fax back to 021- 439 8389 with clear copy of ID.  

Transactions registered in the name of  a Company, C.C or a Trust will incur a further 8% transfer duty payable, which is calculated on the full purchase price.  

There is always a small fee applicable on each week purchased for the registering of all timeshare transactions which is payable to the respective Share Registry office.  

Annual Levies

Annual levies are payable in advance annually, and the procedure will be explained to you in full at the time of negotiation and thereafter noted in your sale documents.  

Transfer

The transfer process can take between 8 – 10 weeks to complete, upon which you will receive a share certificate from the respective Share Registry office.

Legislation & Competency

Mande Properties is required by law to hold valid Fidelity Fund Certificates and carry Fidelity Fund Insurance which is in accordance with the Estate Agency Affairs Board. 

New regulations require that all Timeshare Resale and Rental Agents and Pricipals should have completed, and passed as ‘COMPETENT’, the FETC Real Estate NQF Level 4 qualification by the end of last year 2011 in order to hold valid Fidelity Fund Certificates by the Estate Agencies Affairs Board from 2012 onwards.

"You are rest assured that your timeshare purchase is secure with Mande Properties"