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Deed Of Sale Of Portion Of Land
"I need a Deed of Sale of Portion of Land for selling 20 hectares of my agricultural property in Mpumalanga, South Africa, to a commercial farmer, with transfer to be completed by March 2025 and including special conditions for shared water rights and access road arrangements."
1. Parties: Full details of the Seller and Purchaser including registration/identity numbers and addresses
2. Background: Context of the sale, including brief description of the parent property and intention to subdivide
3. Definitions and Interpretation: Definitions of key terms used in the agreement and interpretation rules
4. Description of the Property: Detailed description of the portion being sold, including expected measurements and boundaries
5. Purchase Price: The agreed purchase price and payment terms
6. Payment Terms: Details of how and when payment will be made, including deposit requirements
7. Conditions Precedent: Required conditions to be met before the sale becomes final, including subdivision approval
8. Transfer and Registration: Process and timing for transfer of the property
9. Transfer Costs and Charges: Allocation of costs related to transfer, surveying, and registration
10. Possession and Risk: Date of transfer of possession and risk to the purchaser
11. Seller's Warranties: Warranties regarding property ownership, encumbrances, and legal compliance
12. Property Condition: Statement about the condition of the property and any voetstoots provisions
13. Obligations Pending Transfer: Responsibilities of both parties before transfer is completed
14. Breach: Consequences of breach by either party
15. Notices and Domicilia: How formal notices will be given and parties' chosen addresses
16. General Terms: Standard legal provisions including whole agreement, variation, and governing law
1. Agent Commission: Include when a real estate agent is involved in the transaction
2. Electrical Compliance: Include when there are electrical installations on the portion of land
3. Development Obligations: Include when the purchaser must develop the land within specific timeframes
4. Environmental Matters: Include when there are environmental considerations or requirements
5. Existing Tenancies: Include when there are tenants occupying the portion of land
6. Special Conditions: Include when there are unique requirements specific to the transaction
7. Services Infrastructure: Include when dealing with shared services or infrastructure requirements
8. Mineral Rights: Include when mineral rights are relevant to the property
9. Land Use Restrictions: Include when there are specific zoning or usage restrictions
1. Property Description Schedule: Detailed technical description of the portion including diagram and measurements
2. Purchase Price Schedule: Detailed breakdown of the purchase price and payment schedule
3. Subdivision Plan: Draft plan showing how the portion will be subdivided from the parent property
4. Approvals Schedule: List of required approvals and their status
5. Existing Services Schedule: Details of services and infrastructure affecting the portion
6. Outstanding Conditions Schedule: List of conditions still to be fulfilled
7. Title Deed Conditions: Relevant conditions from the parent property's title deed
Authors
Real Estate
Agriculture
Property Development
Construction
Mining
Industrial Development
Commercial Property
Residential Property
Urban Planning
Infrastructure Development
Legal
Property Management
Real Estate
Compliance
Development
Operations
Commercial
Finance
Risk Management
Project Management
Property Lawyer
Conveyancing Attorney
Land Surveyor
Property Developer
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Urban Planner
Development Manager
Project Manager
Farm Manager
Commercial Director
Chief Legal Officer
Real Estate Investment Manager
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