Immovable property is often the most valuable and complex asset encountered during the administration of a deceased estate.

From determining ownership and protecting the property after death to managing occupiers, bonded properties, taxation, sales and transfers, practitioners are required to navigate a wide range of legal, practical and procedural considerations.

This webinar provides a comprehensive guide to administering immovable property throughout the estate administration process. Using legislation, case law, practical examples and real-life scenarios, delegates will gain the knowledge and confidence to manage property-related matters effectively while avoiding common pitfalls and ensuring legal compliance.

Topics Discussed:

Module 1: Ownership and Rights in Immovable Property

• Determining ownership of immovable property.
• Sole ownership, joint ownership and co-ownership.
• Property owned by trusts, companies and other entities.
• Limited real rights, including usufruct, habitatio and bare dominium.
• Identifying property that forms part of the deceased estate.
• Immediate considerations following the death of the property owner.

Module 2: Managing Immovable Property During Estate Administration

• The executor's duties in protecting and preserving immovable property.
• Occupation of estate property by heirs, family members and third parties.
• Rental properties and existing lease agreements.
• Municipal accounts, rates, taxes and service charges.
• Insurance, maintenance and security of vacant properties.
• Body corporate and homeowners' association considerations.
• Practical risk management during the administration period.

Module 3: Sale, Transfer and Distribution of Immovable Property

• Selling immovable property during estate administration.
• Transfers to heirs and purchasers.
• Bonded properties and mortgage considerations.
• Section 42 transfers and redistribution agreements.
• Death before transfer and other practical complications.
• Working effectively with conveyancers and the Deeds Office.
• Common transfer delays and how to avoid them.

Module 4: Completing the Administration of Immovable Property

• Capital Gains Tax considerations.
• Estate Duty implications.
• Transfer Duty and VAT considerations.
• Property valuations and supporting documentation.
• Common Master's Office queries relating to immovable property.
• Practical case studies illustrating common challenges and recommended solutions.
• Practical tips, common mistakes and best practice recommendations.

All Included:

• Recording of the session
• Q&A with the presenter
• Downloadable course material
• Certificate of training
• Assessment (optional)
• SAIT Accredited (3 verifiable CPD hours)