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The Unit Transfer Agreement is a specialized legal document used in South African property transactions for the transfer of sectional title units. It is essential when selling or purchasing units in sectional title schemes, such as apartments, townhouses, or office units in a sectional title development. The agreement must comply with the Sectional Titles Act 95 of 1986, the Alienation of Land Act, and other relevant property legislation. It includes crucial details about the property, parties involved, purchase price, transfer conditions, and various certificates required by law. The document serves as the primary agreement governing the transfer process and protecting both parties' interests while ensuring compliance with body corporate rules and regulations.

1. Parties: Identification of the Seller and Purchaser with full legal details as required by FICA

2. Background: Context of the transaction and brief description of the sectional title unit being transferred

3. Definitions and Interpretation: Definitions of key terms used in the agreement and interpretation rules

4. Sale of Unit: Description of the unit being sold, including section number, participation quota, and exclusive use areas

5. Purchase Price: Amount, payment terms, and deposit requirements

6. Transfer and Registration: Process and timing of transfer, appointment of conveyancer, and registration requirements

7. Transfer Costs and Charges: Allocation of transfer costs, duties, and other expenses

8. Possession and Occupation: Date of occupation, occupational rent, and risk transfer

9. Levies and Other Charges: Responsibility for body corporate levies, utilities, and municipal charges

10. Warranties and Representations: Seller's warranties regarding the unit, including title, defects, and compliance

11. Body Corporate Rules: Acknowledgment and acceptance of scheme rules and conduct rules

12. Breach: Consequences of breach and remedies available to parties

13. Notices and Domicilia: Communication methods and addresses for legal notices

14. General Terms: Standard contractual provisions including whole agreement, variation, and governing law