General

This should be paid from date of registration. CHD may open an account for metered services like Water, Sanitation, etc., but, although City Council will open an account for Rates and Taxes. We advise the client to open his/her own Rates and Taxes account as delays in opening of this account (and payments) may

Yes, interim interest should be paid on any amount paid from the loan amount after registration of the bond. Interim interest which is not serviced/paid will be deducted from the funds available to finance the construction of the dwelling, which will result in a shortfall when builder receives final payment. We advise clients to