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Agreement For Sale And Sale Deed
"I need an Agreement For Sale And Sale Deed for a commercial warehouse property in Cape Town, with a phased payment structure and specific conditions regarding existing tenant rights until March 2025."
1. Parties: Full details of the Seller and Purchaser, including legal names, registration/identity numbers, and addresses
2. Background: Context of the sale and brief description of the property being sold
3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules for interpreting the document
4. Sale: Core clause confirming the sale of the property from Seller to Purchaser
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Payment Terms: Detailed payment schedule, method of payment, and banking details
7. Property Description: Comprehensive legal description of the property including erf number, title deed details, and physical address
8. Possession and Occupation: Date of occupation, occupational rent if applicable, and conditions for possession
9. Transfer and Registration: Process and timing for property transfer, appointment of conveyancer, and registration requirements
10. Warranties and Representations: Warranties given by both parties regarding the property and their capacity to enter into the agreement
11. Voetstoots Clause: Statement that the property is sold 'as is' (if applicable under CPA)
12. Risk and Benefit: Transfer of risk and benefit of the property to the Purchaser
13. Costs and Transfer Duty: Allocation of transfer costs, duties, and taxes
14. Estate Agent Commission: Details of estate agent commission if applicable
15. Breach: Consequences and remedies in case of breach by either party
16. Notices and Domicilia: Legal addresses for service of notices and communication requirements
17. General Terms: Standard legal provisions including whole agreement, variation, and governing law
18. Signature: Execution clause and signature blocks for all parties
1. Mortgage Bond: Details of mortgage bond arrangements when purchaser requires financing
2. Occupational Rental: Terms for rental if occupation date differs from transfer date
3. Fixtures and Fittings: Detailed list of items included/excluded in the sale when necessary to specify
4. Special Conditions: Any special arrangements or conditions specific to this sale
5. Compliance Certificates: Requirements for electrical, gas, electric fence, or beetle certificates if applicable
6. Body Corporate / Home Owners Association: Relevant provisions if property is in a sectional title or estate
7. Tenant Rights: Provisions regarding existing tenants if property is currently leased
8. Development Conditions: Special conditions if property is part of ongoing development
1. Schedule A - Property Description: Detailed technical description of the property including diagram deeds and survey details
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
3. Schedule C - Fixtures and Fittings: Comprehensive list of all fixtures and fittings included/excluded in the sale
4. Schedule D - Defects List: List of known defects in the property as disclosed by the Seller
5. Appendix 1 - Property Plans: Building plans, site plans, and other relevant property diagrams
6. Appendix 2 - Compliance Certificates: Copies of all required compliance certificates
7. Appendix 3 - Title Deed: Copy of the current title deed
8. Appendix 4 - Body Corporate Rules: If applicable, current body corporate or HOA rules and regulations
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Insurance
Property Management
Municipal Services
Residential Property
Commercial Property
Industrial Property
Agricultural Property
Legal
Real Estate
Property Management
Compliance
Finance
Risk Management
Sales
Operations
Administrative Support
Due Diligence
Document Management
Contract Administration
Property Lawyer
Conveyancing Attorney
Real Estate Agent
Property Developer
Property Manager
Legal Counsel
Compliance Officer
Transaction Manager
Property Administrator
Sales Manager
Bond Originator
Financial Manager
Risk Manager
Contract Administrator
Due Diligence Officer
Title Deed Specialist
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