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1. Parties: Full details of the Seller and Purchaser, including legal names, identification/registration numbers, and physical addresses
2. Background: Context of the sale and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed legal description of the property including erf number, physical address, size, and registration division
5. Purchase Price: The agreed purchase price and payment terms, including deposit requirements and payment schedule
6. Payment Terms: Details of how and when payments will be made, including guarantee requirements and time frames
7. Transfer and Registration: Process and timing of property transfer, appointment of conveyancer, and registration requirements
8. Possession and Occupation: Date of occupation, occupational rent if applicable, and conditions of possession
9. Voetstoots Clause: Statement regarding the condition of the property and extent of seller's warranties
10. Risk and Insurance: Transfer of risk and responsibility for insurance of the property
11. Costs and Fees: Allocation of transfer costs, legal fees, and other associated expenses
12. Breach: Consequences and remedies in case of breach by either party
13. Notices and Domicilia: Official addresses for legal notices and communication between parties
14. General Terms: Standard contract terms including whole agreement clause, variation requirements, and governing law
1. Bond Clause: To be included when the purchase is subject to the buyer obtaining mortgage finance
2. Sale Subject to Prior Property Sale: Used when the purchase is conditional on the buyer selling their existing property
3. Tenant Rights: Required when the property is currently let to tenants
4. Special Conditions: For any unique requirements or conditions specific to the transaction
5. Agent Commission: Include when a real estate agent is involved in the transaction
6. Fixtures and Fittings: Detailed list of items included/excluded from the sale when necessary
7. Building Plans and Compliance: When dealing with properties requiring compliance certificates or having building irregularities
8. FICA Requirements: Specific section dealing with Financial Intelligence Centre Act requirements when relevant
1. Schedule A - Property Details: Comprehensive description of the property including boundary details and title deed information
2. Schedule B - Fixtures and Fittings: Detailed inventory of items included in or excluded from the sale
3. Schedule C - Defects List: List of known defects disclosed by the seller
4. Schedule D - Compliance Certificates: List of required compliance certificates and their status
5. Appendix 1 - Property Plans: Approved building plans and property diagrams
6. Appendix 2 - Title Deed: Copy of the current title deed
7. Appendix 3 - FICA Documents: Copies of required FICA documentation for both parties
8. Appendix 4 - Special Conditions: Detailed description of any special conditions applicable to the sale
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Residential Property
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Risk Management
Sales
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