agreement of sale of immovable property auction - Pam Golding ...

More documents

Recommendations

Info

2. Sale of the Property2The Seller hereby sells to the Purchaser, who hereby purchases from theSeller the property subject to the terms and conditions set out herein.3. Purchase PriceThe purchase price of the property is the amount ofR____________________(___________________________________________ Rand) (plus Value-Added Tax ("VAT"), if applicable).4. Payment of the Purchase PriceThe purchase price (plus Value-Added Tax ("VAT"), if applicable) in respectof the property shall be paid as follows:-4.1. a cash deposit of 5% (five percent) of the purchase price shall be paidby the Purchaser to the auctioneer immediately on or before signaturehereof by the Purchaser;4.2. the balance of the purchase price shall be paid in cash againstregistration of transfer of the property into the name of the Purchaser("the transfer date");4.3. the Purchaser shall furnish the Seller's conveyancers within 14(fourteen) business days of signature hereof by the Seller ("thesignature date"), with a guarantee by a bank or financial institutionapproved by the Seller, payable free of exchange, for payment of thebalance of the purchase price on the transfer date.ORthe Purchaser shall furnish the Seller's conveyancers, within 7 (seven)business days of their request, with a guarantee by a bank or financialinstitution approved by the Seller, payable free of exchange, forpayment of the balance of the purchase price.ORthe Purchaser shall secure the balance of the purchase price, bypayment in cash to the Seller's conveyancers, within ____(___________) days of the signature date, which conveyancers shallhold same in trust, pending the transfer date.5. Transfer of the Property
35.1. Transfer of the property shall be passed by the Seller's conveyancersas soon as possible after the signature date.5.2. The Purchaser shall pay all transfer costs to enable registration oftransfer of the property into its name including transfer duty or VAT(whichever is applicable), transfer costs, survey costs and costs ofdiagrams and all other costs necessarily incurred, which amountsshall be paid by the Purchaser upon demand by the Seller'sconveyancers.6. Possession, Occupation and Risk6.1. Possession and occupation of the property shall be given by the Sellerto the Purchaser on the transfer date, from which date all risk in andbenefit to the property shall pass to the Purchaser.6.2. The Seller warrants that the property shall be maintained in the samecondition from the signature date to the transfer date, fair wear andtear excepted.7. Rates, Taxes and Sundry Charges7.1. Liability for all rates, municipal or otherwise, taxes, body corporatelevies and other proprietary charges payable in respect of the propertyshall be apportioned between the Seller and the Purchaser, the Sellerbeing responsible for a proportionate share for the period prior to thetransfer date and the Purchaser for a proportionate share thereafter.7.2. The Purchaser shall upon request of the Seller's conveyancersdischarge the sum so payable under clause 7.1.8. Warranties and Acknowledgements8.1. The Seller and the Purchaser ("the parties") each acknowledge thatthey have read and understood the conditions of auction ("theconditions of auction") of Pam Golding Commercial as were readand/or displayed at the auction and agree to be bound by suchconditions of auction.8.2. The parties agree and acknowledge herewith that no warranties orrepresentations were given or made by any of the parties, or theirrepresentatives that have not been embodied in this agreement ofsale as signed by the parties.
Page 1: Suite A101, Cape Quarter, 72 Waterk
Page 5 and 6: 12. Auctioneer and Auctioneer's Com
Page 7 and 8: 16. Sold Board7The auctioneer will
Page 9 and 10: 922.1.1. to cancel this agreement,
Page 11 and 12: 1124.11. Any reference to an enactm
Page 13 and 14: 13ANNEXURE "A"The following informa
Page 15 and 16: SELLER15Full Name(s):______________
Page 17 and 18: 17ANNEXURE "B"The following list de

agreement of sale of immovable property auction - Pam Golding ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?