5.1 State who manages sectional-title properties - NSC Consumer Studies - Question 5 - 2022 - Paper 1

A lease is a contractual agreement between the property owner (landlord) and a tenant (lessee) that outlines the terms under which the tenant can occupy the property.

Homeowners should have:

1. Homeowner’s (Comprehensive) Insurance.
2. Household contents insurance.

Building a house can come with several financial disadvantages, including:

• Delays in construction which can lead to additional costs.
• Unexpected expenses related to the site or planning.
• Possible additional costs related to construction delays if a builder runs out of money.
• Increasing municipal rates and taxes before occupancy.

The sales agreement must include:

1. The correct purchase price.
2. Any sensitive conditions required to finalize the transaction.
3. Stipulation regarding the transfer of ownership and responsibility for municipal rates and costs.
4. Assurance that the seller is responsible for the electrical clearance certificate.
5. Obligations regarding other expenses.

The type of credit transaction indicated is an instalment (sale) transaction agreement, commonly referred to as hire purchase.

The microwave oven offers several benefits to consumers, including:

• Its 20-litre capacity allows for cooking larger meals.
• The defrost function by time or weight provides convenience, allowing for precise meal preparation.
• Quick start and kitchen timer functions save time and optimize electricity usage.
• The elegant mirror finish and user-friendly control panel enhance usability and aesthetics.
• Push-button door allows for easy access, and various power levels enable cooking versatility.

Recycling e-waste contributes positively to the environment in several ways:

• It reduces the need for new raw materials, enhancing sustainability and lessening the environmental impact.
• By tecycling, harmful pollutants are minimized, reducing their effects on ecosystems.
• It aids in reducing landfill waste, helping in the management of solid waste.
• Overall, these practices contribute to a lower environmental footprint.