ARTICLE · 10 MARCH 2022

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How The New Property Practitioners Act Will Impact Property Developers

Barnard Inc.

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Accreditation and compliance already dominate the operations of South Africa's Property Developers – such as ensuring that the necessary certifications are obtained and that the property...

South AfricaReal Estate and Construction

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Accreditation and compliance already dominate the operations of South Africa's Property Developers – such as ensuring that the necessary certifications are obtained and that the property to be developed follows all the necessary zoning laws. Now, for some Property Developers, the Property Practitioners Act (PPA) will usher in a new era of additional compliance and certification requirements.

From 01 February 2022, the Property Practitioners Act repeals the Estate Agents Affairs Act and casts a wider candidate net that now includes property developers – including their directors, members, or trustees, who act as a facilitator on behalf of another in the sale and letting of immovable property for profit or gain.

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