Tenants classified as squatting are defined as having not paid three consecutive months of rent and continuing to occupy the property in the fourth month. Moneyweb
The number of residential tenants classified as ‘squatting’ has progressively increased in South Africa in the past decade. Tenants classified as squatting are defined as having not paid three consecutive months of rent and continuing to occupy the property in the fourth month.
1% of tenants in this price bracket in good standing. The only rental price bracket that has showed a continuing improvement in tenants in good standing is those paying R12 000 a month or more. TPN said almost 70% of the rental market pays R7 000 or less per month, while 22% pays between R7 000 and R12 000 per month. “This means that only 8% of the rental market is improving their good standing [percentage],” it said. Tenants who paid late or within the grace period improved to 14.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victorious Banyana dance for joySA rises to acclaim their African champions
Read more »
Populist ‘revolutionary’ policies would plunge SA into irreversible declineSA is not immune to the risks of managing rising inflation.
Read more »
WATCH: Side hustles on the rise as SA struggles to saveMichael Avery talks to John Manyike and Nerina Visser
Read more »
WATCH: Side hustles on the rise as SA struggles to saveMichael Avery talks to John Manyike and Nerina Visser
Read more »
Speedy Simbine unable to save poor 4x100m team in SA's last medal shotAkani Simbine ran the fastest anchor leg in the men’s 4x100m relay at the world championships on Saturday (Sunday morning SA time), but that still wasn’t enough for a medal as they ended sixth overall.
Read more »
Speedy Simbine unable to save poor 4x100m team in SA's last medal shotAkani Simbine ran the fastest anchor leg in the men’s 4x100m relay at the world championships on Saturday (Sunday morning SA time), but that still wasn’t enough for a medal as they ended sixth overall.
Read more »