Tenancy Explained: Possession and Use Are Not Ownership
A tenant may have the right to possess and use property under an agreement while the landlord remains the registered owner.
A tenant may have the right to possess and use property under an agreement while the landlord remains the registered owner.
Submitting an electricity or water application begins a utility process. It does not prove that the site is ready, the network can serve it or the connection has been installed.
A property can generate recurring local rates, form part of a taxpayer’s national property-tax position and trigger separate charges when it is transferred.
A bank can approve a loan without becoming the property owner. A buyer can own property while the lender holds registered security over it.
A deposit can show commitment to a transaction. It does not, by itself, replace the instrument and registration needed to transfer the applicable property right.
A registry search can reveal important recorded information. Complete due diligence also asks whether the parcel, seller, boundaries, use and transaction all match the investor’s assumptions.
A person can be allocated land, hold a lease, own transported property or hold a certificate of title. Those records do not create the same rights or involve the same authority.
Registration can open the door to participation, but it is not a tender submission, an evaluation result, an award or a signed government contract.
Asking for “the corporation-tax rate” can produce the wrong answer when the law distinguishes between categories of companies and activities.
VAT registration places a person within the VAT system. It does not turn every payment, receipt or item of business turnover into VAT.