Document background
The Deed of Conditional Sale is a fundamental document in South African property transactions where certain conditions must be met before the sale can be finalized. This document is particularly important when the sale depends on factors such as the buyer obtaining mortgage finance, the seller completing specific improvements, or the purchaser selling their existing property. The deed must comply with the Alienation of Land Act and other relevant South African property legislation, making it a legally robust instrument for protecting both parties' interests during the conditional period. It includes comprehensive details about the property, parties involved, purchase price, payment terms, and specific conditions that must be fulfilled. The document is commonly used in both residential and commercial property transactions and serves as a bridge between the initial agreement and the final property transfer.
