Real Estate in Namibia

Marketing, News and Tools for Professional Estate Agents and the Public.

NEAB
Namibia Estate Agents Board examination and Fidelity Fund Certificate registration.
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Property Calculators
Transfer duty, stamp duty, government costs and mortgage bond calculators.
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AEAN
Association of Estate Agents Namibia documents and membership registration.
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Can I cancel my Agreement in Namibia as a result of CoronaVirus?

CoronaVirus

Am I 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 at 085 555 3733 / This email address is being protected from spambots. You need JavaScript enabled to view it. to assist you now.

AEAN Newsletter

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Bank Interest Rates

Repo Rate 5.25
Prime Rate 9
Mortgage Lending Rate 10

Updated 25 March 2020

Bank Branch Codes

List of all branch codes and contact details for the main banks in Namibia known as Bank Windhoek, First National Bank, Nedbank and Standard Bank.

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