15 Oct Membership
Membership of ZEMA is mandatory for all purchasers of residential property, vacant land, a hotel or any other development. Membership cannot be resigned. When any property is to be sold, ZEMA must be advised within 7 days of any sale. The standard ZEMA sale agreement must be used for the transaction and transfer may not take place without ZEMA’s written consent. In the case of the sale of a member’s interest in a closed corporation (cc) or shares in a company or beneficial interest in a trust, the owner must also advise ZEMA of the sale within 7 days. Failure to do so can delay transfer of the property.