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Rent controlled bond?

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Hi,

Iam in the processing of buying a house which I would like to rent out as I live overseas.

I have a question, how do I know if the bond is rent controlled, I'm a single buyer and got the bond from Nedbank.

Thank You

Grace.

Article posted by gracema on 2008-06-12 03:19:02 (viewed 373 times). Rent controlled bond? has scored 0 so far!
gracema. in the process of buying a house.
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- Last edited 2008-08-02 03:34:44

Huh?!

I have to admit that I have no idea what your question means.

I know what rent control means. It is where a local or national government limits the increases in property rental for specific people or areas.

And I know what a bond is in South Africa. It is a loan secured by a mortgage bond over the title for the property in question.

But I have no idea how a bod can be rent controlled.

I may very well have misunderstood your question, but you will need to be a little clearer to get any comprehensible response from me. I do hope you'll clarify your question soon.