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Deed Of Sale Letter
"I need a Deed of Sale Letter for a residential property sale in Cape Town, with a purchase price of R2.5 million, subject to the purchaser obtaining mortgage financing by March 2025, and including specific provisions for solar installation compliance certificates."
1. Parties: Full details of the Seller and Purchaser including legal names, identity numbers/registration numbers, and physical addresses
2. Background: Brief context of the sale transaction and confirmation that the Seller owns and wishes to sell the property
3. Definitions: Definitions of key terms used throughout the document
4. Property Description: Detailed description of the property including erf number, physical address, size, and registration division
5. Purchase Price: The agreed purchase price and payment terms including deposit requirements
6. Payment Terms: Detailed breakdown of how and when payments will be made, including bank details
7. Transfer and Registration: Process and timing for property transfer, appointment of conveyancer, and costs allocation
8. Risk and Possession: When risk transfers to the purchaser and possession date of the property
9. Voetstoots Clause: Statement that property is sold 'as is', subject to CPA requirements
10. Warranties: Standard warranties by both parties regarding capacity to enter agreement and property condition
11. Estate Agent Commission: Details of estate agent involvement and commission arrangements if applicable
12. Breach: Consequences and remedies in case of breach by either party
13. Notices: How formal notices between parties should be delivered and received
14. General: Standard contractual provisions including whole agreement, variation, and governing law
1. Bond Clause: Required when purchase is subject to the buyer obtaining mortgage finance
2. Sale Subject to Prior Property Sale: Used when purchase depends on buyer selling their existing property
3. Occupational Rent: Required when there's a gap between occupation and transfer dates
4. Special Conditions: Any unique terms specific to this sale
5. FICA Requirements: Specific requirements for compliance with Financial Intelligence Centre Act
6. Electrical Compliance: Details regarding electrical certificate requirements
7. Gas Installation Certificate: Required when property has gas installations
8. Electric Fence Certificate: Required when property has electric fencing
9. Beetle Certificate: Required in coastal areas for wood borer inspection
1. Schedule A - Property Details: Detailed description of property including boundary details and title deed information
2. Schedule B - Fixtures and Fittings: List of items included and excluded from the sale
3. Schedule C - Defects List: Known defects in the property as disclosed by the seller
4. Appendix 1 - Property Plans: Official property diagrams and layout plans
5. Appendix 2 - Compliance Certificates: Copies of all required compliance certificates
6. Appendix 3 - Property Photos: Current photographs of the property condition
7. Appendix 4 - Proof of Payment: Copy of deposit payment confirmation when applicable
Authors
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Insurance
Property Management
Professional Services
Residential Property
Commercial Property
Legal
Real Estate
Compliance
Property Management
Sales
Contract Administration
Risk Management
Operations
Finance
Customer Relations
Real Estate Agent
Property Lawyer
Conveyancing Attorney
Property Manager
Legal Counsel
Compliance Officer
Property Practitioner
Sales Manager
Contract Manager
Property Developer
Real Estate Broker
Banking Manager
Mortgage Specialist
Legal Administrator
Property Valuer
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