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City offers rental properties for sale to sitting tenants<p>​</p>Over the past 30 years, the City of Cape Town has systematically transferred more than 54 000 of its saleable rental stock units to qualifying legal tenants. <br><br>‘We hope to step up our efforts to drive this sales initiative further, in line with our commitment to redress, empowerment and enhanced financial sustainability through homeownership.<br><br><span>​ <blockquote cite=""><p>​​​<span class="blockquoteSpan">​​​​​<img src="" alt="Name Surname" class="responsive img-circle" />​​<span></span></span></p><p> ​<em>"The units that are on sale are cottages and maisonettes and the prices would range from between R2 300 and R123 000, depending on the individual’s circumstances. <br><br>‘This initiative focuses on two key considerations: we want to encourage empowerment and redress through the ownership of property by residents who were previously prohibited from enjoying such benefits, and we want to ensure that we become a more financially sustainable City by reducing the rental stock that we manage"</em><b>Councillor Benedicta van Minnen</b><cite>City Mayoral Committee Member: Human Settlements</cite></p></blockquote></span>The units which are for sale are situated across the metro. The areas include: Mitchells Plain, Khayelitsha, Macassar, Melton Rose, Nyanga, Scottsdene, Strand, Sarepta, Athlone, Heideveld, Grassy Park, Hanover Park, Hout Bay, Ocean View, Retreat, Elsies River, Belhar, Langa, Ravensmead, Atlantis, Bishop Lavis, Bonteheuwel, Gugulethu, Manenberg and Valhalla Park.<br><br>Multi-storey blocks of flats are not being considered for sale at this stage as they can only be sold through sectional title as set out in the Sectional Title Scheme Act (Act 8 of 2011).<br><br>This initiative is funded by the City in conjunction with subsidy provisions as per the Enhanced Extended Discount Benefit Scheme which is available to qualifying legal tenants who may be interested in taking transfer/ownership of their rental units. <br>The City urges its tenants residing in the areas mentioned above to visit their local housing offices immediately to enquire as to what type of assistance they would qualify for. <br><br>To determine eligibility, the following documents must be produced: <br><br><ul><li>Proof of income: either an employer’s report, salary advices, or payslips (not older than three months); if unemployed, an affidavit; or if self-employed six months’ basic certified income and expenditure statements with supporting documents, if applicable<br></li><li>Proof of identity: identity documents of both tenant and spouse (if applicable)<br></li><li>Proof of marital status: marriage certificate/affidavit of customary marriage/Muslim rites marriage certificate or final order of divorce or death certificate (if applicable)<br></li><li>This initiative applies to the following rental units:<br></li><li>Free-standing houses<br></li><li>Semi-detached houses (this refers to rental units that share common walls with their neighbouring unit)<br></li><li>Terraced houses/row houses (this refers to rental units that have at least two common walls, usually on either side of the house, with their neighbours)<br></li><li>Maisonettes (this generally refers to rental units that have two dwelling spaces, one on top of the other, but which share common walls with their neighbouring unit)</li></ul>The City plans to hold public meetings regarding this initiative in due course. <br><br><br><strong>End<br></strong><br>2016-10-29T22:00:00ZGP0|#1d539e44-7c8c-4646-887d-386dc1d95d70;L0|#01d539e44-7c8c-4646-887d-386dc1d95d70|City news;GTSet|#62efe227-07aa-45e7-944c-ceebacca891dGP0|#b094ee03-3395-4041-b149-60a2f6d1d6c7;L0|#0b094ee03-3395-4041-b149-60a2f6d1d6c7|rental housing;GTSet|#2e3de6c1-9951-4747-8f53-470629a399bb;GP0|#617a752e-368e-447b-809f-faecf94fdfbf;L0|#0617a752e-368e-447b-809f-faecf94fdfbf|housing transfer1


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