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Housing Consumers Protection Measures Act, 1998 (Act No. 95 of 1998)

Rules

Rules regarding NHBRC Fees

2. Calculation of enrolment fee

 

(1) The enrolment fee for homes to be enrolled under section 14(1) of the Act is one point three percent of the selling price of the home up to a maximum selling price of R500 000.

 

(2) The enrolment fee for a home exceeding the selling price referred to in subrule (1) is one point three percent of R500 000 plus one percent of that portion of the selling price exceeding R500 000 but not exceeding R1 000 000.

 

(3) The enrolment fee for a home with a selling price exceeding R1 000 000 but not exceeding R2 000 000 is the fee calculated in accordance with subrule (2) plus point seven five percent of that portion of the selling price exceeding R1 000 000.

 

(4) The enrolment fee for a home with a selling price exceeding R2 000 000 is the fee calculated in accordance with subrule (3) plus point five percent of that portion of the selling price exceeding R2 000 000 up to R5 000 000, whereafter no additional amount is payable.

 

(5) If a deed of sale does not exist at the time of enrolment for sectional title homes or homes built in speculation of sale—
(a) the enrolment fee must be determined with reference to the expected selling price;
(b) the home builder must submit marketing brochures reflecting selling prices or extracts from the feasibility studies reflecting details relating to selling prices, in order to enable the Council to compare proposed selling prices with actual selling prices.

 

(6) Where under-declaration of the selling prices in respect of homes has occurred, the home builder must, on demand of the Council, pay the outstanding difference in enrolment fees.

 

(7) Where the home builder is unable to provide the price at which the serviced erf has been acquired, the Council may determine a reasonable price for the purposes of determining an enrolment fee only.

 

 


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