Deed of Sale Real Estate Property

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{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Deed of Sale Real Estate Property

Deed of Sale Real Estate Property

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

DEED OF SALE: REAL ESTATE PROPERTY

This Deed of Sale (hereinafter referred to as 'the Agreement') is made and entered into on this {{day}} day of {{month}}, {{year}},

BETWEEN:

1. **{{seller_name}}** (Identity Number: {{seller_id_number}}), residing at {{seller_address}} (hereinafter referred to as 'the Seller')

AND

2. **{{buyer_name}}** (Identity Number: {{buyer_id_number}}), residing at {{buyer_address}} (hereinafter referred to as 'the Buyer')

1. PROPERTY DESCRIPTION

The Seller hereby sells to the Buyer, who hereby purchases, the following immovable property (hereinafter referred to as 'the Property'):

Erf/Stand Number: {{erf_number}}

Physical Address: {{property_address}}

Title Deed Number: {{title_deed_number}}

Extent: {{property_extent}} square meters

The Property is sold with all fixtures and fittings as currently existing thereon, including but not limited to: {{list_of_fixtures}}.

2. PURCHASE PRICE

The total purchase price for the Property is **{{currency}} {{purchase_price}}** ({{purchase_price_words}}).

This purchase price shall be payable by the Buyer to the Seller as follows:

- A non-refundable deposit of **{{currency}} {{deposit_amount}}** on or before {{deposit_due_date}}.

- The balance of **{{currency}} {{balance_amount}}** on transfer of the Property into the Buyer's name.

All payments shall be made into the conveyancer's trust account: {{conveyancer_bank_details}}.

3. CONDITIONS PRECEDENT

This Agreement is subject to the fulfilment of the following conditions precedent:

- The Buyer obtaining a bond/loan from a recognized financial institution for an amount of not less than {{currency}} {{bond_amount}} by {{bond_approval_date}}.

- {{other_conditions_precedent_if_any}}

Should any of these conditions not be fulfilled by the stipulated dates, this Agreement shall, at the option of the Seller or Buyer, lapse and be of no force or effect.

4. POSSESSION AND OCCUPATION

Vacant possession of the Property shall be given to the Buyer on {{possession_date}}.

Should the Buyer take occupation prior to transfer, occupational rent of **{{currency}} {{occupational_rent_amount}}** per month shall be payable by the Buyer to the Seller, commencing from the date of occupation until the date of transfer.

5. COSTS

The Buyer shall be responsible for all costs relating to the transfer of the Property, including but not limited to transfer duty (if applicable), conveyancing fees, and bond registration costs.

The Seller shall be responsible for obtaining all necessary compliance certificates (e.g., electrical, entomological, gas) and the costs associated therewith.

6. BREACH

Should either party breach any material term of this Agreement and fail to remedy such breach within {{notice_period}} days of receiving written notice from the innocent party requiring the defaulting party to do so, the innocent party shall be entitled, without prejudice to any other rights it may have in law, to:

- Claim specific performance; or

- Cancel this Agreement and claim damages.

7. JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of {{country_of_jurisdiction}}.

The parties hereby consent to the jurisdiction of the {{court_name}} Court for any dispute arising out of or in connection with this Agreement.

8. DECLARATIONS AND WARRANTIES

The Seller warrants that they are the legal and registered owner of the Property and have the full right and authority to sell the Property.

The Property is sold 'voetstoots' (as is), subject to all defects, whether patent or latent, known or unknown, save for any defects which the Seller is aware of and fraudulently conceals.

No warranties, representations, or undertakings have been made by the Seller or their agent, save for those expressly recorded in this Agreement.

9. GENERAL

This Agreement constitutes the entire agreement between the parties and no amendment, alteration, or variation shall be of any force or effect unless reduced to writing and signed by both parties.

No indulgence or extension of time granted by either party shall constitute a waiver of any of that party's rights under this Agreement.

Each party acknowledges that they have read and understood this Agreement and have been advised of their rights and obligations hereunder.

SIGNATURES

Thus signed at {{place_of_signing}} on this {{day}} day of {{month}}, {{year}}.

_________________________ _________________________

SELLER ({{seller_name}}) BUYER ({{buyer_name}})

_________________________ _________________________

WITNESS 1 (Name) WITNESS 1 (Name)

_________________________ _________________________

WITNESS 2 (Name) WITNESS 2 (Name)