¶¶Òõ¶ÌÊÓƵ

All Countries
Commercial
Addendum To Remove Buyer From Purchase Contract

Addendum To Remove Buyer From Purchase Contract Template for South Africa

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Addendum To Remove Buyer From Purchase Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Addendum To Remove Buyer From Purchase Contract

"I need an Addendum to Remove Buyer From Purchase Contract for a residential property in Cape Town, where one buyer is withdrawing due to relocation abroad, with the remaining buyer continuing with the purchase as originally agreed in January 2025."

Celebrated by
Collaborations with
Investors
Document background
The Addendum To Remove Buyer From Purchase Contract is a crucial legal document used in South African property transactions when one or more buyers needs to be removed from an existing purchase agreement while allowing the transaction to proceed with the remaining buyers. This situation commonly arises due to various circumstances such as relationship breakdowns, financial difficulties, or changes in personal circumstances of one of the buyers. The document ensures compliance with South African property law, particularly the Alienation of Land Act and common law principles governing contract modifications. It includes essential provisions for the release of the departing buyer's obligations, confirmation of the remaining buyer's commitments, and any necessary financial adjustments. The addendum must be properly executed with witnesses and may require consent from the mortgage provider if a bond is involved.
Suggested Sections

1. Parties: Identification of all parties: the Seller, the Remaining Buyer(s), and the Departing Buyer(s)

2. Background: Reference to the original Purchase Contract, including date of execution, property details, and reason for buyer removal

3. Definitions: Key terms used in the addendum, including 'Original Agreement', 'Effective Date', 'Departing Buyer', and 'Remaining Buyer'

4. Agreement to Remove Buyer: Express agreement by all parties to remove the Departing Buyer from the Purchase Contract

5. Release of Obligations: Specific terms releasing the Departing Buyer from future obligations under the Purchase Contract

6. Continuing Obligations: Confirmation that the Remaining Buyer(s) will continue to be bound by all terms and conditions of the Original Agreement

7. Representations and Warranties: Confirmations from all parties regarding their capacity and authority to enter into this addendum

8. Effective Date: Specification of when the removal becomes effective

9. General Provisions: Standard clauses regarding governing law, entire agreement, and counterparts

Optional Sections

1. Financial Settlement: Terms of any financial settlement between the Departing Buyer and Remaining Buyer(s), used when there are deposit or payment adjustments needed

2. Costs Allocation: Specification of who bears the costs of preparing and executing the addendum, used when costs need to be explicitly allocated

3. Consent of Bondholder: Required when there is an existing mortgage bond and the bank's consent is needed for the buyer removal

4. Indemnification: Used when specific indemnities are required between the Departing Buyer and Remaining Buyer(s)

5. Transfer Duty Implications: Added when there are transfer duty considerations that need to be addressed due to the change in buyers

Suggested Schedules

1. Original Purchase Contract: Copy of the original signed Purchase Contract being amended

2. Financial Settlement Statement: Detailed breakdown of any financial settlements between the parties, if applicable

3. Proof of Bond Holder Consent: Written consent from the mortgage provider, if required

4. Property Details: Full description of the property as per the Original Agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















Clauses




















Relevant Industries

Real Estate

Property Development

Legal Services

Banking and Finance

Construction

Property Management

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Conveyancing

Contract Administration

Risk Management

Relevant Roles

Property Lawyer

Conveyancing Attorney

Real Estate Agent

Property Broker

Legal Counsel

Contract Manager

Property Manager

Mortgage Specialist

Real Estate Transaction Coordinator

Compliance Officer

Property Development Manager

Sales Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Professional Addendum

A South African legal document that modifies or supplements existing professional services agreements, ensuring compliance with local laws and professional standards.

find out more

Consulting Agreement Addendum

A South African law-governed document that modifies or extends an existing consulting agreement, updating key terms while maintaining the original contract framework.

find out more

Amendment To Sales Contract

A South African law-governed document that modifies an existing sales contract, specifying changes while maintaining other original terms.

find out more

Project Addendum

A South African legal document that modifies an existing agreement to incorporate specific project terms, deliverables, and requirements.

find out more

Amendment Agreement

A South African law-governed document that formally modifies an existing agreement while maintaining its original structure and validity.

find out more

Sales Contract Addendum

A South African law-governed document that modifies or supplements an existing sales contract, ensuring compliance with local commercial law while updating contractual terms.

find out more

Amendment Change Of Employment Contract Letter

A legal document under South African law that formally modifies existing employment contract terms and conditions, requiring mutual agreement between employer and employee.

find out more

Construction Contract Addendum

A South African legal document that modifies an existing construction contract, operating under local construction and contract law to formalize changes to the original agreement.

find out more

Employment Contract Amendment

A South African law-compliant document that modifies existing employment contract terms between employer and employee.

find out more

Contract Addendum

A South African legal document that modifies an existing contract while maintaining compliance with local contract law and relevant legislation.

find out more

Addendum For Extension Of Agreement

A South African law-compliant addendum that extends the term of an existing agreement while maintaining its original terms and conditions.

find out more

Addendum Letter

A formal document under South African law used to modify or amend an existing agreement while maintaining the validity of unchanged original terms.

find out more

First Addendum To Agreement

A South African law-governed document that formally amends specific terms of an existing agreement while maintaining other original terms.

find out more

Commercial Lease Addendum

A South African legal document that modifies an existing commercial lease agreement, addressing changes to terms such as rent, duration, or space utilization.

find out more

Seller Financing Addendum

A South African legal document establishing terms for seller-provided property financing, compliant with the National Credit Act and property laws.

find out more

Roommate Addendum To Lease Rental Agreement

A South African law-compliant addendum to a residential lease agreement that formally adds and establishes terms for new roommates to an existing rental arrangement.

find out more

Pool Addendum For Rental Agreement

A South African legal document that supplements a rental agreement by specifying terms and conditions for swimming pool usage and maintenance within rented properties.

find out more

Pet Lease Agreement

A South African law-compliant agreement for temporary transfer of pet custody, defining care requirements and responsibilities between owner and temporary caregiver.

find out more

Pet Addendum To Residential Lease

A South African legal document that supplements a residential lease agreement by specifying terms and conditions for keeping pets in rental properties.

find out more

Addendum To Lease Agreement Month To Month

A South African law-compliant addendum that converts an existing lease agreement into a month-to-month arrangement, establishing flexible tenure terms while maintaining original lease conditions.

find out more

Addendum To Lease Agreement Change Of Name

A South African legal addendum that formally updates a lease agreement to reflect a change in a party's name while maintaining all original lease terms.

find out more

Addendum To Independent Contractor Agreement

A South African law-compliant document that modifies an existing Independent Contractor Agreement, addressing changes in contractual terms while maintaining the original agreement's structure.

find out more

Addendum To Deed Of Sale

A South African legal document that amends an existing Deed of Sale for immovable property, ensuring compliance with local property law while modifying specific terms of the original agreement.

find out more

Addendum To Consulting Agreement

A South African law-governed document that modifies an existing consulting agreement, updating specific terms while maintaining the original contract's validity.

find out more

Addendum To Commercial Lease

A South African legal document that modifies or supplements an existing commercial lease agreement, documenting changes to terms while maintaining compliance with local property law.

find out more

Addendum To Bill Of Sale

A South African law-governed document that modifies an existing Bill of Sale, documenting changes to original sale terms while ensuring compliance with local legal requirements.

find out more

Addendum To Add Buyer To Contract

A South African law-compliant addendum that formally adds a new buyer to an existing contract, defining their rights and obligations while maintaining the original agreement's validity.

find out more

Addendum Loan Agreement

A South African law-governed document that amends an existing loan agreement, detailing modifications to original loan terms while maintaining compliance with local regulations.

find out more

Addendum To Service Agreement

A South African law-governed document that modifies an existing Service Agreement, incorporating changes while maintaining original terms' validity.

find out more

Addendum To Remove Buyer From Purchase Contract

A South African legal addendum for removing a buyer from an existing property purchase contract while maintaining the agreement's validity with remaining parties.

find out more

Addendum To Memorandum Of Agreement

A South African law-governed document that amends an existing Memorandum of Agreement, incorporating modifications while maintaining the original agreement's validity.

find out more

Furnished Apartment Lease Addendum

A South African lease addendum that specifies terms and conditions for furnished items in a rental property, compliant with local rental housing legislation.

find out more

Early Occupancy Agreement Lease Addendum

A South African lease addendum that enables and regulates early property occupancy before the main lease term begins or construction completes.

find out more

Contract For Deed Addendum

A South African legal document that modifies an existing Contract for Deed, compliant with the Alienation of Land Act and property legislation.

find out more

Contract Extension Addendum

A South African law-compliant document that extends the duration and/or modifies specific terms of an existing contract while maintaining its core provisions.

find out more

Pet Addendum To Lease Agreement

A South African legal document that supplements a lease agreement by establishing terms and conditions for keeping pets in rental properties.

find out more

Lease Amendment

A South African law-compliant document that modifies specific terms of an existing lease agreement while maintaining other original conditions.

find out more

Amendment Real Estate Purchase Contract

A South African law-compliant document that amends specific terms of an existing Real Estate Purchase Contract while maintaining other original terms.

find out more

Construction Contract Amendment

A South African law-compliant document that modifies an existing construction contract's terms, conditions, scope, or requirements.

find out more

Amendment To Purchase Agreement

A South African law-governed document that modifies specific terms of an existing Purchase Agreement while maintaining other original terms.

find out more

Addendum To Sales Contract Extension Of Closing

A South African law-compliant document that modifies the closing date of an existing sales contract while maintaining all other original terms.

find out more

Addendum To Renew Lease Agreement

A South African law-compliant document that extends and updates an existing lease agreement between landlord and tenant, specifying renewed terms and conditions.

find out more

Addendum To Purchase Agreement

A South African law-governed document that modifies an existing Purchase Agreement, detailing specific changes while maintaining the original contract's validity.

find out more

Addendum To Lease Agreement Rent Increase

A South African legal document amending an existing lease agreement to implement and document a rental increase while maintaining compliance with local property laws.

find out more

Addendum To Lease Agreement

A South African law-compliant document that modifies an existing lease agreement, incorporating agreed changes while maintaining the validity of the original lease terms.

find out more

Addendum To Existing Contract

A South African law-governed document that formally modifies an existing contract while maintaining the validity of unchanged terms.

find out more

Addendum To Employment Contract

A South African law-compliant document that modifies specific terms of an existing employment contract while maintaining other original conditions.

find out more

Addendum Rental Agreement Additional Tenant

South African legal addendum for adding a new tenant to an existing rental agreement, ensuring compliance with local rental housing laws.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.