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Deed Of Sale Of House And Lot
"I need a Deed of Sale of House and Lot for a residential property in Cape Town, with a purchase price of R2.5 million, subject to the purchaser obtaining mortgage financing by March 2025, and the property is currently occupied by tenants whose lease expires in June 2025."
1. Parties: Full details of the Seller and Purchaser, including legal names, identity numbers, marital status, and contact details
2. Background: Context of the sale and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed legal 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 and securing of balance
6. Payment Terms: Detailed breakdown of how and when payments must be made, including deposit, balance, and transfer costs
7. Transfer and Registration: Process and timing of property transfer, appointment of conveyancer, and registration requirements
8. Possession and Occupation: Date of occupation, occupational rent if applicable, and conditions of possession
9. Voetstoots Clause: Statement regarding the condition of the property and extent of seller's warranties
10. Compliance Certificates: Required certificates including electrical, gas, electric fence, and beetle certificates
11. Risk and Insurance: Transfer of risk and responsibility for insurance
12. Rates and Taxes: Responsibility for municipal rates, taxes, and utilities
13. Estate Agent Commission: Details of estate agent commission if applicable
14. Breach: Consequences and remedies in case of breach by either party
15. Domicilium: Chosen addresses for legal notices and communications
16. General Terms: Standard legal 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 is conditional on buyer selling their existing property
3. Tenant Provisions: Required when property is currently tenanted, addressing lease agreements and tenant rights
4. Swimming Pool Compliance: Required for properties with swimming pools, addressing safety requirements
5. Body Corporate / HOA Provisions: Required for properties in sectional title or estates
6. Special Conditions: Any unique conditions agreed between parties
7. Fixtures and Fittings: Detailed list of items included/excluded from sale when specific items need to be addressed
8. Building Plans and Alterations: Required when property has unapproved structures or pending alterations
9. NHBRC Enrollment: Required for new properties or recent constructions
1. Schedule A - Property Description: Detailed property specifications including lot size, boundaries, and improvements
2. Schedule B - Fixtures and Fittings: Comprehensive list of items included in and excluded from the sale
3. Schedule C - Defects List: Documented defects or damage to the property acknowledged by both parties
4. Schedule D - Compliance Certificates: Copies of all required compliance certificates
5. Schedule E - Property Plans: Approved building plans and property diagrams
6. Appendix 1 - Property Photos: Photographic record of property condition at time of sale
7. Appendix 2 - Special Conditions: Detailed description of any special conditions agreed between parties
8. Appendix 3 - Body Corporate Rules: If applicable, current body corporate or HOA rules and regulations
Authors
Real Estate
Legal Services
Banking and Finance
Insurance
Property Development
Construction
Property Management
Public Sector Administration
Facilities Management
Property Investment
Legal
Real Estate
Property Management
Compliance
Sales
Finance
Risk Management
Operations
Administrative Support
Customer Service
Document Control
Contract Management
Real Estate Agent
Property Lawyer
Conveyancing Attorney
Property Manager
Bank Manager
Mortgage Specialist
Property Developer
Legal Counsel
Compliance Officer
Property Valuator
Insurance Underwriter
Municipal Official
Property Inspector
Sales Manager
Contract Administrator
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