Question
I have arranged to buy a property. The purchase price has been paid into the lawyer's trust account and will be paid to the seller on transfer of the property. Meanwhile the property is accruing rental. Who is entitled to the income?
Answer
Since the money is in trust, you have not as yet acquired ownership of the property. The current owner is entitled to the income yielded by the property.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 24 No 10
- PDF page
- 2
Appears under THE HARAAM MICROPHONE) (approximate).