Remember never to leave blank spaces in a Deed of Sale
All standard deeds of sale or offers to purchase used by estate agents contain spaces for completion relating for example to the purchase price, the date of The date when the buyer is entitled to physically occupy the new property. Afrikaans - Beroep
">occupation, the Occupational rental payable, etc.Often disputes arise from allegations of alteration after signature by both parties. Or the A legally enforceable agreement, for example a lease or sale. Afrikaans - Kontrak
">contract was signed incomplete. Often this does not reflect the correct agreement reached between the parties.It is important to complete the contract before signature by the parties. Fill in or cross out and initial any open spaces. Include all Guarantee A formal letter issued by a financial institution to the transferring attorney, undertaking to pay the purchase price (or outstanding amount) on registration of transfer of the property into the name of the buyer. Afrikaans - Waarborg
">guarantees or assurances in the written agreement. It is no use stating afterward that any parties made assurances or gave guarantees. Always get it in writing.Each party should make a copy of the contract immediately after signing it and then keep this copy in their It passes to the buyer on registration of transfer, with all obligations and rights to the property passed to the new owner. Afrikaans - Besitting
">possession. Once signed the parties should make copies as proof of the specific terms and A clause that renders the operation and consequences of the contract as a whole dependent on an uncertain future event. A suspensive condition suspends the operation of the contract for a period of time, subject to the occurrence of a future event, and only if and when the condition has been fulfilled will an enforceable contract exist. In the case where a resolutive condition is stipulated, the contract is immediately binding and will remain binding unless the condition is not fulfilled. Afrikaans - Toestand ">conditions of the contract.
