Linprop News

In this newsletter we bring you a friendly reminder that there is very little time left to object against your property's municipal valuation if you want to do so, and introduce a new product which minimises risk for landlords.

We also have an article on bulbs written by South Africa's own Garden Diva, Lizette Jonker, who will from now on be a regular contributor to our news letters. Lizette is first and foremost a gardener. She has worked as photojournalist and stylist for several South African magazines the past 20 years, inspiring readers with creative gardening, décor and craft ideas. Her last full-time job, as editor of the very popular SA Garden magazine, ended last October when the publisher decided to close the magazine. She now freelances for Finesse and Garden & Home magazines, as well as the international garden blog, Garden Drum, and gives regular garden talks at garden centres and garden clubs. She comes from a family of plant lovers who understand the need to share and explore everything that grows. We are delighted to have her on board!

Next month we will feature an article on the importance of having building plans approved, and will share some interesting property statistics.

Kind regards
Daleen van der Linde
Carina van der Linde
Pertunia Sithole
Adele Lesar

Only 2 days left to object…

By now every property owner should have received a revised municipal valuation, despite the postal strike which caused huge delays in mail delivery.
If you did not receive it as yet, you should check it on the internet without delay, as objections can only be lodged until 15:00 on 3 May 2013. As from 1 July 2013 rates will be calculated according to the new valuation.
To access the valuation on the internet, go to coj . evaluations . co . za and follow instructions. You will be asked for your Erf/stand # and suburb, or you can put in your street address and suburb. Please spell out the street name if it is a number - i.e. Eleventh Street.
If you suspect that the valuation is too high, you can print out the objection form straightaway (it is on the upper left of the screen). The form will automatically capture your details onto the form. The completed objection form can be handed in at any of the customer care centres listed below. Take along the Section 49 notice you have received in the mail - apparently it will expedite the submission process.

It is uncertain how long it will take Council to process all objections – it may take up to 2 years. In the meantime, you will have to pay your rates based on the new amount. If your objection is successful, you will be able to apply for a refund.

Metropolitan Centre
Street Level 'B' Block
158 Civic Boulevard

Randburg Civic Centre
Cnr Braam Fischer Drive & Jan Smuts Road, RANDBURG Sandton Library
Nelson Mandela Square (off West Street)

300 – 15th Road

Jabulani Civic Centre

1 Koma Road

Lenasia Civic Centre
Cnr Rose Ave & Eland St

Roodepoort Civic Centre
100 Christiaan de Wet Road

Thuso House
61 Jorissen Street
Corner Simmonds Street

South Hills Customer Service Centre
9 Geneva Road


PayProp DepositGuarantee

PayProp DepositGuarantee is comprehensive insurance for landlords at a cost that tenants can afford. Instead of an upfront deposit, tenants pay the landlord's premiums under the PayProp DepositGuarantee, a much more affordable proposition. Tenants who owe nothing when the lease expires receive a no-claim cash bonus, as well as, a good tenant certificate.

DepositGuarantee covers all of a landlord's claims against a tenant at the end of the lease – for up to 2.5 times the monthly rent. The exception is that only one month's rent can be claimed, but damages of up to 1.5 times the monthly rent can be claimed. Underwritten by RMB Structured Insurance Limited, the security is as safe as houses.

Rita Jacobsen from PayProp Capital explains: "The policy was recently launched and no claims have been submitted. However, we envisage that claims will follow the same process as for a damage deposit. Claims should not be complicated - it’s a fairly simple claims decision when the lease expires – does the tenant owe the landlord money or not? If the tenant owes the landlord money, the landlord will be refunded by the insurer instead of out of the damage deposit. The insurer will then attempt to recover the money from the tenant.  The potential for claims is further reduced because the tenant has an incentive to pay all his/her obligations in order to earn a cash bonus. It may not be much comfort, but insurers are nowadays very aware of the power of the consumer/policyholder and the insurance ombudsman. The reputation risk for refusing a legitimate claim is too high."

• It provides ample cover for damage, outstanding rent, utility and legal costs – landlords are covered for losses of up to 2.5 times the monthly rent (subject to a maximum of R50 000) – except for claims for unpaid rent, which are limited to 1 month’s rent.
• Instead of a damage deposit, tenants pay the landlord’s premiums, amounting to 35% of the monthly rent upfront and 1.25% of the monthly rental from month 2. Landlords receive protection for the duration of the lease. In addition, tenants pay a once-off administration fee of R175. The numbers include VAT. (The percentages are slightly higher for monthly rentals below R4 000 due to minimum premium amounts.)
• Tenants have more control over their money – money that would otherwise be locked in as damage collateral.
• DepositGuarantee rewards good tenancy – if tenants owe nothing when the lease expires, they will receive a good tenant certificate as well as a no-claim bonus of 40% of all premiums paid (excluding VAT).

Contact us should you require more information, or wish to mandate us to introduce PayProp DepositGuarantee to your tenants.

Have you planted your indigenous bulbs as yet?

Every year from March to middle June we have another opportunity to add wonderful winter- and spring-flowering bulbs to our gardens. We all know and love the old favourites – daffodils, anemones, ranunculus, muscari, iris and snowflakes. These are all exotic bulbs, meaning that they originally came from elsewhere in the world.

But the buzz word is indigenous, and we should also promote and plant our world-famous indigenous bulbs. On the list you will find bulbs you already know: the fragrant freesia, the dainty ixia, the funky babiana, the artistic sparaxis and the fabulous tritonia. They can all be bought and planted now.

If you have a forgotten packet of bulbs in the garden shed from last year, do not get your hopes up – bulbs grow and flower best from freshly bought bulbs. Therefore, do not be tempted to buy up old stock from nurseries or hardware stores at the end of the planting season – you will not be able to plant them next year!

The big secret of successful bulb growing is the watering. Bulbs that dry out for any length of time after they have been planted, might still give you plants, but probably no flowers. Some bulbs, like muscari, snowflakes, daffodils, liliums, sparaxis, tritonia, ixia and babiana, will flower for a few seasons when you leave them in the soil, while others will probably not flower again, so you have to replace them next season. You can lift all your bulbs and store them in a dry place for replanting next season, but you have to wait before taking them out of the soil until all foliage has turned brown completely. Never cut bulb foliage off to make a flower bed neat – they need their leaves to make food for next season.

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