FAQS

Tax benefits for investors: Waterkloof Park meets the section 13 requirements

Units need to be newly built, therefore no existing or second-hand properties will qualify for this tax incentive.
None of the units can be used as the purchaser’s primary residence.
Units are only used for trading purposes, such as short or long-term renting.
All properties must be within South Africa.
The taxpayer must own at least five residential units – only once the 5th property has been acquired will the tax incentive come into play.

WHICH MUNICIPAL BODY GOVERNS THIS AREA?

Tshwane Metropolitan Municipality

WHAT SECURITY MEASURES ARE IN PLACE FOR THE PROTECTION OF RESIDENTS?

Biometric Access
Boundary Wall CCTV
Perimeter Boundary Wall with Electric Fence
CCTV Open Areas

WHEN WILL I BE ABLE TO MOVE INTO MY HOME AFTER COMPLETION OF CONSTRUCTION?

Owners will be allowed to move into their purchased unit once beneficial occupation has been approved by local authorities.

WHO IS RESPONSIBLE FOR ELECTRICITY, WATER AND PROPERTY RATE PAYMENTS WITHIN THE RESIDENTIAL COMPONENT?

The owner has independent contracts with each of the service providers and will be directly responsible for each.

WILL THERE BE ANY ONSITE MANAGEMENT SERVICES?

Yes, however this will be decided by the Body Corporate once it has been established.

WILL I BE ALLOWED TO RENT OUT MY PROPERTY?

Yes, owners may manage the rental of their property subject to the rules of the association and using prescribed and accredited agents.

ARE PETS ALLOWED?

Yes, provision has been made for a maximum of 2 pets per unit. This can either include dogs of a maximum of 10kgs each or apartment-dwelling cats. This will be subject to the Pet Policy which will form part of the Body Corporate rules.

WILL THERE BE CLEANING SERVICES FOR MY APARTMENT?

There will be no cleaning services available within the development, however you may opt to use your own.

HOW MANY PARKING BAYS WILL I HAVE?

1 Bed – 1 Parking Bay
2 Beds – 2 Parking Bays
3 Beds – 2 Parking Bays
Optional Extras:
19sqm Garages
Storage rooms

WHERE CAN MY GUESTS PARK?

There will be visitors parking available, first-come-first-served parking bays for guests.

HOW DO I GET INTERNET CONNECTION, TELEPHONE CONNECTION AND SATELLITE?

An approved service provider will be appointed. Each unit will be prewired to allow Fibre to the unit.

WHO TAKES CARE OF THE MAINTENANCE OF THE BUILDING?

This will be the responsibility of the appointed Body Corporate and managing agent.

WHERE CAN I HANG MY WASHING?

There will be designated areas within the development available for residents to use.

WILL THE BUILDING HAVE A NHBRC CERTIFICATE?

Yes, the building will have a NHBRC certificate.

WHAT IS THE BUILDING WARRANTY?

The building warranty is based on the JBCC standard, which is 3 years.

WHAT FIRE PROTECTION SYSTEMS ARE IN PLACE?

The building is fully compliant with the local fire safety requirements. All SANS fire requirements are in place, including hose reels, hydrant points, ventilation, and fire doors.

FAQS

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