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Cash Sale Deed
"I need a Cash Sale Deed for a residential property in Cape Town, South Africa, with a staggered payment structure where 50% of the purchase price will be paid on signing and the remaining 50% by March 15, 2025."
1. Parties: Full details of the Seller and Purchaser, including their legal names, identity numbers, marital status, and contact details
2. Background: Brief context of the sale transaction and confirmation that the Seller is the registered owner of the property
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed legal description of the property including erf number, physical address, extent, and registration division
5. Purchase Price: Statement of the agreed purchase price and confirmation that it will be paid in cash
6. Payment Terms: Details of how and when the purchase price will be paid, including payment method and banking details
7. Transfer and Registration: Provisions regarding the transfer process, appointment of conveyancer, and registration of the property
8. Possession and Occupation: Date of transfer of possession and occupation, and related conditions
9. Rates and Taxes: Provisions for payment of rates, taxes, and other charges up to date of transfer
10. Warranties: Seller's warranties regarding the property's condition, title, and encumbrances
11. Risk and Insurance: Transfer of risk and responsibility for insurance
12. Costs: Allocation of transfer costs, legal fees, and other expenses
13. Domicilium: Physical addresses chosen by parties for legal notices
14. Signatures: Signature blocks for all parties, including witnesses
1. Suspensive Conditions: Used when the sale is subject to specific conditions that must be met before the sale becomes final
2. Occupational Rent: Required when there is a difference between transfer date and occupation date
3. Special Conditions: Used for any unique terms specific to this transaction
4. Improvements: Required when there are incomplete or planned improvements to be addressed
5. Matrimonial Property Declaration: Required when either party is married in community of property
6. FICA Declaration: Required for compliance with Financial Intelligence Centre Act
7. Agency Clause: Required when an estate agent is involved in the transaction
1. Schedule A - Property Details: Detailed description of the property including boundary details, servitudes, and conditions of title
2. Schedule B - Fixtures and Fittings: List of items included and excluded from the sale
3. Schedule C - Defects List: Documentation of any known defects in the property
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 - FICA Documents: Copies of identity documents and proof of residence for all parties
Authors
Real Estate
Property Development
Legal Services
Banking and Financial Services
Construction
Property Investment
Residential Property
Commercial Property
Agriculture (for farm sales)
Industrial Property
Legal
Real Estate
Compliance
Property Management
Conveyancing
Sales
Customer Relations
Documentation
Risk Management
Finance
Conveyancer
Property Lawyer
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Property Developer
Investment Manager
Real Estate Broker
Title Deed Officer
Property Administrator
Legal Assistant
Deeds Office Examiner
Property Investment Analyst
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