MidCity would like to share the following information with our clients as it will be advantageous to any property owner.
The City of Tshwane has an Incentive and Relief Scheme for all property owners consisting of the following 5 options:
Option 1: You are up to date with your payments but cannot continue making full payments
1.1 Pay 25% of your balance per month, and get two months with no interest incurred and three months to catch up on the outstanding capital amount.
1.2 Pay 50% of your balance per month, and get four months with no interest incurred and three months to catch up on the outstanding capital amount.
1.3 Pay 75% of your balance per month, and get six months with no interest incurred and three months to catch up on the outstanding capital amount.
Option 2: You are in arrears (debt not older than 12 months)
2.1 Pay your full outstanding capital amount once-off, and get 7,5% of the capital as credit on your account and 100% of the interest reversed.
2.2 Pay your full outstanding capital amount and the current balance within six months (thus the account is up to date within six months) and get 100% of the interest reversed after the sixth payment.
2.3 Pay your full outstanding capital amount in full in a period between six and eight months and get 25% of the interest reversed after the eighth payment.
Option 3: You are in arrears (debt older than 12 months)
3.1 Pay your full outstanding capital amount once-off and get 100% of the interest reversed.
Option 4: You are up to date with your payments and can continue making full payments (Qualification criteria – less than R100 000 in property rates per month)
4.1 Pay your municipal account in full and on time and get 15% of the June to November 2020 property rates credited in December 2020.
Option 5: You are up to date with your payments and can pay in advance (Qualification criteria – less than R100 000 in property rates per month)
5.1 Pay your full municipal account in advance for one month and get 20% of the property rates credited in the next month.
5.2 Pay your full municipal account in advance for three months and get 25% of the property rates credited in the fourth month.
5.3 Pay your full municipal account in advance for six months and get 30% of the property rates credited in the seventh month.
We have attached the application form to this newsletter for your convenience.
Please visit the City of Tshwane’s website for more information.
http://www.tshwane.gov.za/sites/Departments/Financial-Services/Pages/PaymentHolidayPlan.aspx
