9 PROPERTIES TO BE AUCTIONED TODAY

MBABANE – Nine houses have been lined up for auction to recover arrear rates and charges due to the Municipal Council of Mbabane.
A notice of sale for the public auction was issued by the Mbabane Magistrates Clerk of Court.

Four of the properties located at different parts of the capital city have been developed. Meanwhile, five of them were reported to be vacant. 
The highest on the developed property list is located on Portion 32 of Plot 65 at Sidwashini South, and has a reserve price of E424 000. The lowest property that will go under the hammer, to recover an undisclosed sum of arrear rates is located at the Msunduza, Extension 4.

Starting

It has a reserve price of E34 000.
The auction will be held at the Mbabane Magistrates Court car park starting from 10am today. 

As per norm, if any dispute arises about any bid of property being sold pursuant to a writ of attachment, it may again be put up for auction.
If the auctioneer makes any mistake in selling, such mistake shall not be binding on any of the parties, but may be rectified.

Suspects

“If the auctioneer suspects that the bidder is unable to pay the deposit (of 10 per cent of the purchase price in cash on the day of the sale) or the balance of the purchase price, he may refuse the bid of such offer or accept it provisionally until the bidder has satisfied him that he is in a position to pay both such amounts,” reads public auction sale of property in part.

Further, if the purchaser gets normally liable to pay the auctioneer’s charges on the day of the sale and in addition, transfer dues, costs of transfer, taxes and other charges apply as necessary.
Apply
However, it should be pointed out that this does not necessarily mean the same conditions will apply in this particular auction.
The Municipal’s Public Relations Information Officer Lucky Tsabedze has on numerous occasions advised that the council takes rates defaults issues to court as a last resort.
He has mentioned that council allows for negotiations for settlement of due rates and developed competitions to encourage ratepayers to pay up.            
Preferred
An attorney, who preferred anonymity, explained that procedurally, the difference between the arrear rates due and final auction price should be remitted to the property owner after legal and other costs have been deducted.

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