Property Practitioners Act, 2019 (Act No. 22 of 2019)

Regulations

Property Practitioners Regulations, 2022

Chapter 6 : Trust Accounts and Details of Auditor

29. Bank's Declaration of Interest
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29.1 A declaration from a bank contemplated in section 54 (2) (b) must be made in the following format—

 

 

 

 

[Insert bank's letterhead]

[Insert date]

Property Practitioners Regulatory Authority

63 Wierda Road East (Corner of Johan Avenue)

Sandton 2196

 

BY POST

 

Dear [Sirs / Sir / Madam]

 

RE: DECLARATION OF INTEREST EARNED BETWEEN [INSERT RANGE OF DATES] IN TRUST ACCOUNT(S) OF [INSERT NAME] (THE "ACCOUNTHOLDER") IN TERMS OF SECTION 54 (2) (b) OF THE PROPERTY PRACTITIONERS ACT, NO 22 OF 2019

 

1 We certify the following regarding the Accountholder's trust account(s) held with us—

 

DESCRIPTION

OF ACCOUNT

ACCOUNT

NUMBER

INTEREST

EARNED

CREDIT

BALANCE












 

2Please contact us should you have any queries in the above regard.

 

Yours faithfully

 

 

________________________________

[NAME OF SIGNATORY]

[Designation]

[Name of bank]