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The Real Estate Installment Sales Contract is a specialized agreement used in South African property transactions where the purchase price is paid in installments rather than as a lump sum. This document type is particularly relevant when buyers cannot secure traditional mortgage financing or prefer a direct payment arrangement with the seller. It must comply with the Alienation of Land Act 68 of 1981, which provides specific requirements for installment sale agreements of land in South Africa. The contract includes essential elements such as property description, payment terms, transfer conditions, and various statutory declarations. It's commonly used in both residential and commercial property transactions and requires careful consideration of both parties' rights and obligations under South African property law.

1. Parties: Identification and details of the Seller and Purchaser, including registration numbers for companies or ID numbers for individuals

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Property Description: Detailed legal description of the property, including erf number, title deed details, and physical address

5. Purchase Price: Total purchase price, deposit requirements, and detailed installment payment structure

6. Payment Terms: Schedule of payments, interest rate, payment methods, and consequences of default

7. Transfer and Registration: Conditions and timing for property transfer, registration requirements, and associated costs

8. Possession and Occupation: Date of occupation, occupational rent if applicable, and conditions for possession

9. Rates, Taxes and Charges: Responsibility for municipal rates, taxes, utilities, and other charges during the installment period

10. Insurance and Maintenance: Requirements for property insurance and maintenance responsibilities during the contract period

11. Breach and Remedies: Consequences of breach, remedies available to parties, and cancellation procedures

12. Compliance Requirements: Statutory compliance declarations required under the Alienation of Land Act

13. General Terms: Standard contractual provisions including notices, entire agreement, and variation requirements