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For Sale By Owner Land Contract
"I need a For Sale By Owner Land Contract for selling my agricultural property in Western Cape, South Africa, with an installment payment plan over 24 months starting March 2025, including specific clauses about water rights and existing farm equipment."
1. Parties: Identification and details of the Seller and Purchaser, including full legal names, identification numbers, and contact information
2. Background: Brief context of the transaction and confirmation that the Seller owns the property and wishes to sell it to the Purchaser
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including erf number, physical address, size, and boundaries as per title deed
5. Purchase Price: The agreed purchase price, payment terms, and deposit requirements
6. Payment Terms: Detailed structure of payments, including deposit, balance, and any installment arrangements
7. Transfer and Registration: Process and timing for property transfer, appointment of conveyancer, and registration requirements
8. Possession and Occupation: Date of occupation, occupational rent if applicable, and conditions for possession
9. Costs and Taxes: Allocation of transfer costs, duties, and taxes between parties
10. Warranties: Seller's warranties regarding property condition, title, and encumbrances
11. Risk and Insurance: Transfer of risk and insurance obligations
12. Breach and Termination: Consequences of breach and termination provisions
13. Notices and Domicilia: Communication methods and official addresses for notices
14. General Terms: Standard contract clauses including whole agreement, variation, and governing law
1. Existing Tenancies: Details of current tenants and lease agreements, used when property is tenant-occupied
2. Fixtures and Fittings: List of items included/excluded in the sale, used when specific items need clarification
3. Conditions Precedent: Special conditions that must be met before the sale becomes final, such as buyer obtaining financing
4. Property Maintenance: Responsibilities for maintenance between signature and transfer, used for longer transfer periods
5. Agricultural Usage: Special provisions for agricultural land, including water rights and equipment
6. Development Rights: Details of any development rights or restrictions, used for undeveloped land
7. Environmental Matters: Environmental obligations or concerns, used for properties with environmental sensitivities
8. Service Agreements: Transfer of existing service contracts, used when relevant service agreements exist
1. Property Description Schedule: Detailed technical description of the property including diagrams and survey details
2. Title Deed Extract: Relevant extracts from the title deed including servitudes and conditions
3. Payment Schedule: Detailed breakdown of payment terms if installment payments are involved
4. Inventory of Fixtures and Fittings: Comprehensive list of items included in or excluded from the sale
5. Property Condition Report: Detailed report on the current condition of the property
6. Certificates Schedule: List of required certificates (electrical, gas, electric fence, etc.)
7. Zoning Certificate: Current zoning information and permitted land uses
8. Approved Plans: Copies of approved building plans and certificates of occupancy
Authors
Real Estate
Agriculture
Property Development
Construction
Legal Services
Financial Services
Urban Planning
Land Management
Residential Property
Commercial Property
Legal
Real Estate
Property Management
Compliance
Finance
Investment
Operations
Risk Management
Business Development
Document Management
Property Owner
Real Estate Lawyer
Conveyancer
Property Manager
Land Surveyor
Legal Counsel
Compliance Officer
Property Developer
Investment Manager
Agricultural Manager
Business Owner
Financial Advisor
Urban Planner
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