SA Commercial Prop News:

Jawitz Properties is taking urgent legal action against its Jeffreys Bay franchise owner, Renette Block, amidst serious allegation of theft and misappropriations of moneys held in trust and moneys paid to the franchise on behalf of their clients.

CEO Herschel Jawitz says they were alerted to possible problems when their head office started receiving complaints at the end of 2011 from property owners who were not being paid their rent which was being paid to the Jeffreys Bay franchise office by tenants.

“When these problems were not being resolved by the franchise owner, we realised there was a problem and launched a full investigation of our own including appointing auditors to audit the trust account,” says Jawitz.