Back to Basics: Part 1 – Valuation Basics

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Town Planning, presented by Slindile Mpontshane
Slindile Mpontshane: Divisional Manager of Spatial Planning – Emfuleni Local Municipality

Leases, Title Deeds & Municipal Rates – the effects of rates and taxes, presented by Tracey Myers

Tracey Myers: Senior Valuer – Standard Bank

CET:

In order to obtain your 2 CET points please complete the quiz below.

Please note: A score of 80% is required to pass the quiz.

Back-to-Basics: Part 1 - Valuation Basics

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1. What information is needed to get municipal value:

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2. True or False:
Municipal value x Rate in the Rand = Annual Rates

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3. True or False:
Rates and Taxes are not used in the expenses of an Income Cap and DCF methodologies?

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4. Lease agreements must at a minimum have the following information:

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5. Can Huur gaat voor koopt be enforced if it is not included in a lease agreement?

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6. What is true about a zoning certificate?

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7. True or False:
Town planning can be defined as the technical and scientific art of ordering the use of land and siting of buildings and communication routes, in order to ensure efficient use of land and secure maximum degree of economy, convenience and beauty.

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8. What is true about a town planning scheme?

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9. True or False:

A building line is a line indicating the furthest boundary of a building restriction area (from a street), or any other boundary of a property other than a street

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10. True or False:

Building Coverage Ratio (BCR), is the area of land, which may be covered by buildings, as seen vertically from above and is expressed as a percentage of the area of the property

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