What trustees should know about property transactions
UNDER the Alienation of Land Act, any deed of sale of immovable property has to be in writing, and the parties thereto or their agents have to be legally authorised to act at the time of signing of the contract. Section 2(1) of the act provides that no alienation of land shall be effected unless it is contained in a deed of alienation signed by the parties or their agents acting on their written authority.
When a discretionary trust acquires property, a trustee may act only if authorised to do so by the Master of the High Court with
