NAMIBIA

Web Hosting | Marketing | Real Estate

Marketing, news and tools for estate agents, businesses and Namibians.

Calculators

Calculate transfer duty, stamp duty, government costs and mortgage bond costs.

NEAB

Namibia Estate Agents Board examination and fidelity fund certificate registration process.

IPPN

Institute of Property Practitioners Namibia documents and membership registration.

Branch Codes

List of Bank Windhoek, First National Bank, Nedbank and Standard Bank branch codes.

Can I cancel my Agreement in Namibia as a result of Corona Virus?

Are you currently protected against unforeseen events?

If you have entered into any agreement (business agreement, purchase agreement, sales agreement or lease agreement) you definitely have financial obligations and think: –

I cannot pay my monthly payments;
How can I pay my monthly bills?
How can I cancel my contract or agreement?
Will there be repercussions?

You must protect yourself during these difficult times having regard to our current economic crises and the Coronavirus. It is always better to rather be safe than sorry. Incorporate a vis major or force majeure or superior force clause in your contract or agreement to protect yourself.

If you are under the impression that your agreement is currently lacking a protection clause, it is advisable that you liaise with a legal practitioner in order to protect yourself. Should someone want to cancel your agreement or you want to cancel your agreement because you are not able to comply with your contractual obligations due to the CoronaVirus or some other unforeseen reason, please contact me immediately to enforce your legal rights.

Namibia has declared a State of Emergency on 17 March 2020 and all businesses are feeling the economic effect. There are maybe possibilities to cancel your contract and to be relieved from financial obligations. We can assist you!

Please contact Philip Swanepoel Legal Practitioners on 085 555 3733 to assist you.

Bank Interest Rates

Repo Rate 5.5%
Prime Rate 9.25%
Mortgage Lending Rate 10.25%

Updated 1 October 2022

Who can buy Agricultural land in Namibia?

Namibia's independence from South Africa was won on the 21st of March 1990 ushering in a stable and democratic Government with a President as Head of State. Hage Geingob, the current president is the nation's third leader since independence. Namibia is situated with...

read more

3 Things to Remember when Selling your Home!

Selling a home can be stressful as you're likely to be buying one at the same time, but planning ahead will make the process a lot smoother. Information, such as the amount a buyer may borrow from the bank to purchase a home, is very important before putting your home...

read more