Posted on 1/13/2025 5:39 PM By Cor van Deventer
Approved building plans are not a mandatory requirement for a property transfer to be executed. However, there are many instances where they will become a condition of sale (e.g. by request, from the purchaser and/or their financial institution or building insurance company)
Posted on 1/9/2025 12:42 PM By Cor van Deventer
The Sale Agreement can also be known as the Offer to Purchase (OTP), where the buyer signs and submits the offer to purchase the seller’s immovable property. If the seller accepts the terms, they will also sign the agreement, and it becomes a legal and binding Sale Agreement. Once signed by both parties, withdrawing can incur severe penalties, unless one of the parties has failed to fulfil a condition of the agreement.