ARTICLE · 22 FEBRUARY 2022

New Rules For The Property Sector

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President Cyril Ramaphosa has signed the Property Practitioners Act 22 of 2019 ("PPA") into law. Previously we were uncertain as to when the obligations under the PPA would take effect.

South AfricaReal Estate and Construction

Raeesa Ebrahim Atkinson

President Cyril Ramaphosa has signed the Property Practitioners Act 22 of 2019 ("PPA") into law. Previously we were uncertain as to when the obligations under the PPA would take effect. However, it has now been determined that the PPA is to commence application as of 01 February 2022.

The PPA is to repeal the Estate Agencies Affairs Act 112 of 1976 ("EAAA") and brings about new protections for property consumers. The PPA has furthermore added a number of other parties under the definition of a "Property Practitioner" increasing its area of applicability whereas the EAAA only applied estate agents.

The PPA expands the statutory mandate of the Estate Agencies Affairs Board ("EAAB") and brings about significant changes for the property sector.

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