agreement of sale of immovable property auction - Pam Golding ...
agreement of sale of immovable property auction - Pam Golding ...
agreement of sale of immovable property auction - Pam Golding ...
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16. Sold Board7The <strong>auction</strong>eer will have the right to erect and display a "Sold" board, or suchother boards as it may determine, at the <strong>property</strong> for a period <strong>of</strong> up to _____(______________) days from the signature date.17. Existing LeasesThe <strong>property</strong> is sold subject to all existing leases, if any, <strong>of</strong> which thePurchaser acknowledges that it is fully aware, including the terms andconditions there<strong>of</strong>.18. Co-operationEach <strong>of</strong> the parties hereby undertakes to:18.1. sign and execute, on request by the Seller's conveyancers, all suchdocuments necessary to register transfer <strong>of</strong> the <strong>property</strong> including, butnot limited to, the execution <strong>of</strong> the necessary Power <strong>of</strong> Attorney andVAT/transfer duty declarations;18.2. pass and to procure the timeous passing <strong>of</strong> all such resolutions <strong>of</strong>directors and shareholders <strong>of</strong> any company or members <strong>of</strong> any closecorporation or trustees <strong>of</strong> any trust;to the extent that the same lies within the power <strong>of</strong> such party and may berequired to give effect to the import or intent <strong>of</strong> this <strong>agreement</strong>, or anycontract concluded pursuant to the provisions <strong>of</strong> this <strong>agreement</strong>.19. Notices and Domicilia19.1. The Seller chooses its addresses set out in annexure "A" <strong>of</strong> this<strong>agreement</strong> as its domicilium citandi et executandi for the service <strong>of</strong> allnotices.19.2. All notices in terms <strong>of</strong> this <strong>agreement</strong> may be delivered by hand at thedomicilium citandi et executandi <strong>of</strong> the Seller (in which case it will bedeemed to have been received when delivered) or by telefax or by e-mail (in which case it will be deemed to have been received on theday <strong>of</strong> dispatch by telefax or by e-mail). Such receipt is deemed tohave been received notwithstanding that the Seller nor any otherperson is present at any such address at the time.19.3. The Seller is entitled to change its domicilium citandi et executandi toanother street address within the Republic <strong>of</strong> South Africa or another