Residential Income Homes for sale in South Africa

Compare the title, zoning, approved plans and occupancy information with every dwelling, room and outbuilding being rented. Investigate unauthorised conversions, overcrowding, parking or service constraints and any municipal enforcement before relying on the stated unit count.

Review signed leases, renewals, identity records, deposits, arrears, notices, disputes and tribunal matters. Confirm deposit balances and where they are held, and obtain tenant acknowledgements for rent, prepaid amounts and unresolved maintenance where appropriate.

Reconcile the rent roll to leases, bank receipts and deposit records by tenant and month. Analyse vacancies, concessions, bad debts and late payments, then replace unusually high or informal rents with sustainable market assumptions.

Commission structural, roof, damp, plumbing and electrical inspections, including common areas and each accessible unit. Review maintenance history, insurance claims and compliance certificates, then price urgent repairs and recurring defects into the acquisition model.

Use actual rates, levies, utilities, insurance, management, security, cleaning and maintenance rather than a simple percentage. Allocate recoverable charges correctly and include vacancy, bad debt, major replacements and costs currently absorbed by the seller.

Confirm transfer duty or VAT treatment, entity structure and the tax treatment of residential letting with qualified advisers. Model conveyancing, financing and municipal clearance costs separately so the cash required is not understated by the headline price.