South Africa’s inner cities are filled with properties to suit all investors, regardless of how varied their needs may be. By making a number of financial products available, TUHF offers everyone the opportunity to realise their dream of owning property in the inner city areas.
A deferred sale is used where groups of people wish to buy the property they live in to improve their security of tenure and to reduce their rental costs. It is also used where a person new to the property industry wishes to start out in higher risk investments.
Deferred Sale is a finance type similar to the Hire Purchase or Instalment Sale arrangements commonly used to buy cars, appliances or furniture.
Deferred Sale Arrangements:
Are a form of loan where the person buying property (whether products, buildings or services) repays the price (i.e. the money they borrowed) as well as interest, in regular instalments over a set period.
The property is, and stays, registered in the name of TUHF Properties (Pty) Ltd.
While full use and responsibility for the property begins for the buyer immediately, ownership registration is only passed to the buyer once all instalments have been paid.
TUHF Deferred Sale Arrangements are offered to:
Co-operatives
Tenant Based Collectives
Emerging entrepreneurs
TUHF shows its commitment to inner city regeneration by working closely with regulatory organisations and authorities, such as the Johannesburg City Council. By doing so TUHF is able to promote improvements to city living and cooperate with city development programs.
TUHF’s ideal is to work with people who:
‘Know the neighbourhood’ in which they’re investing.
Have the right property management skills and network of contacts.
Are proud of owning well-maintained, clean buildings.
Want to comply with all bylaws and building regulations.
Are confident they will make enough money to keep their building going.
Truly have the interests of urban regeneration at heart.
TUHF finances transactions, not wishes. Prospective clients must already own a building or be in possession of a signed deed of sale.
TUHF expects the buyer to earn enough money from their building to maintain their building to a high level and to repay their loan, including interest, while still making a profit.
Don’t miss out on this opportunity – call TUHF to enquire about Deferred Sale Finance for your inner city property.
