Land Purchase Agreement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

LAND PURCHASE AGREEMENT

This Land Purchase Agreement ("Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}}.

BETWEEN:

{{seller_name}} of {{seller_address}} (hereinafter referred to as "the Seller")

AND

{{buyer_name}} of {{buyer_address}} (hereinafter referred to as "the Buyer")

(Collectively referred to as “the Parties” and individually as “Party”)

1. PROPERTY DESCRIPTION

The Seller agrees to sell and the Buyer agrees to purchase, subject to the terms and conditions hereinafter set forth, the following described undeveloped land (hereinafter referred to as "the Property"):

Erf/Farm Number: {{erf_farm_number}}

Physical Address: {{property_address}}

Extent: Approximately {{property_extent}} square meters/hectares

Title Deed Number: {{title_deed_number}}

Diagram Deed Number: {{diagram_deed_number}}

2. PURCHASE PRICE AND PAYMENT

2.1 The total purchase price for the Property is {{purchase_price_currency}} {{purchase_price_amount}} ({{purchase_price_words}}).

2.2 A deposit of {{deposit_currency}} {{deposit_amount}} ({{deposit_words}}) shall be paid by the Buyer to the Seller's nominated attorney, {{attorney_name}}, into trust account number {{attorney_trust_account_number}}, within {{deposit_payment_days}} days of the signing of this Agreement.

2.3 The balance of the purchase price, amounting to {{balance_currency}} {{balance_amount}} ({{balance_words}}), shall be secured by a guarantee issued by a financial institution acceptable to the Seller, or paid in cash by the Buyer, on or before the date of transfer of the Property into the Buyer’s name.

3. CONDITIONS PRECEDENT

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

3.1.1 The Buyer obtaining a bond/loan from a recognized financial institution for an amount of not less than {{bond_amount_currency}} {{bond_amount}} within {{bond_approval_days}} days from the Effective Date.

3.1.2 The Buyer conducting a satisfactory due diligence investigation of the Property, including but not limited to, soil tests, environmental assessments, and zoning regulations, within {{due_diligence_days}} days from the Effective Date. The Buyer shall notify the Seller in writing of the outcome of said due diligence. If unsatisfactory, the Buyer may terminate this Agreement without penalty.

3.2 The Party for whose benefit a condition precedent is inserted may waive such condition in writing.

4. TRANSFER AND POSSESSION

4.1 Transfer of the Property shall be effected by the Seller's conveyancing attorneys, {{conveyancing_attorney_name}}, as soon as reasonably possible after the fulfilment or waiver of all conditions precedent.

4.2 Possession of the Property shall be given to the Buyer on {{possession_date}}.

4.3 All risks and benefits associated with the Property shall pass to the Buyer on the date of possession.

5. WARRANTIES AND REPRESENTATIONS

5.1 The Seller warrants that it is the registered owner of the Property and has the full right and authority to sell the Property.

5.2 The Seller further warrants that the Property is sold voetstoots (as is), subject to any defects whether patent or latent, which the Buyer acknowledges by signing this Agreement.

5.3 The Seller confirms that there are no undisclosed servitudes, encumbrances, or other restrictions on the Property that would materially affect its use by the Buyer.

6. OCCUPATIONAL INTEREST

Should the Buyer take possession of the Property prior to the date of transfer, the Buyer shall pay occupational interest to the Seller at the rate of {{interest_rate}}% per annum on the outstanding balance of the purchase price, calculated from the date of possession until the date of transfer.

7. COSTS OF TRANSFER

7.1 The Buyer shall be responsible for all costs of transfer, including transfer duty, conveyancing fees, and bond registration fees (if applicable).

7.2 The Seller shall be responsible for obtaining any compliance certificates required by law, such as electrical, entomology, and gas compliance certificates.

8. BREACH

Should either Party commit a breach of any of the terms or conditions of this Agreement and fail to remedy such breach within {{breach_notice_days}} days of receipt of written notice requiring such remedy, the aggrieved Party shall be entitled, without prejudice to any other rights it may have in law, to:

8.1 Claim specific performance of the terms of this Agreement; or

8.2 Cancel this Agreement and claim damages.

9. GENERAL

9.1 This Agreement constitutes the entire agreement between the Parties and no addendum, variation, or consensual cancellation hereof shall be of any force or effect unless reduced to writing and signed by both Parties.

9.2 This Agreement shall be governed by and construed in accordance with the laws of South Africa.

SIGNATURE BLOCK

_____________________________

SELLER: {{seller_name}}

Date: {{seller_signature_date}}

_____________________________

BUYER: {{buyer_name}}

Date: {{buyer_signature_date}}

_____________________________

WITNESS 1: {{witness_1_name}}

Date: {{witness_1_signature_date}}

_____________________________

WITNESS 2: {{witness_2_name}}

Date: {{witness_2_signature_date}}