Source: Marx Attorneys
Imagine this. You buy your dream house. You take transfer. You book a date for your move with Fred’s Furniture Removals. But when you apply for electricity and water accounts so you can actually move in, your local municipality refuses until you settle an old (and substantial) municipal debt which the original owner still owes. “Pay up” says the municipality, “or we’ll sue. You could lose the house.Step 3 in starting your own business is, you will recall from…
Property Buyers: Must you Pay the Previous Owner’s Old Debts?
