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Residential Sale Agreement - Without Agent
Property Law
- Comprehensive Property Flexibility: The contract caters to both freehold and sectional title property sales, including specific provisions for exclusive use areas and special levies.
- Conditional Financial Protections: It incorporates suspensive conditions regarding bank loan approvals and the prior sale of the purchaser's existing property to ensure financial viability.
- Mandatory Compliance Framework: The agreement requires the seller to provide valid certifications for electrical, pest control, gas installations, and electric fencing prior to the transfer.
- Defined Risk and Occupation Terms: Clear protocols are established for the transfer of risk, the payment of occupational rent, and the maintenance of the property until the registration date.
- Statutory and Privacy Adherence: The document ensures full compliance with FICA for identity verification and POPIA for the protection of the parties' personal information.
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