This article serves to be informative in terms of a quick remedy to an aggrieved party particularly during the commencement of the transaction when purchasing a property with a diminutive value
Tag Archivesoffer to purchase
Property Practitioners Bill

Escaping the Offer: Section 29A of the Alienation of Land Act

Signing a contract for the purchase of immovable property is serious   and exiting it unscathed is often impossible. As with any contract, it creates rights and obligations for both parties thereto. These rights and obligations must be adhered to, as failure may result in the innocent party claiming damages or specific performance. This article […]

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Probation

The offer to purchase is a binding agreement!

Introduction The purchase of property, especially for first-time buyers, may seem riddled with legalities and leaves the buyer with many questions around their rights, what they are entitled to ask and uncertainty about their responsibilities to the seller.  Understanding the impact of the offer to purchase on the transaction will ensure that the buyer feels […]

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Multiple Offers

Multiple Offers – Can the Seller cancel an Offer to Purchase upon receiving a better offer?

Introduction In South Africa, the transfer of Immoveable Property is governed and regulated by legislation to ensure that all Parties to a transaction are protected. In terms of Section 2 of the Alienation of Land Act No. 68 of 1981, as amended, no alienation of land shall be of any force and effect unless it […]

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offer to purchase

Can I cancel an offer to purchase – who is liable and for what?

In South Africa, the transfer of immovable property is governed and regulated by legislation in order to protect all parties to the transaction. In terms of Section 2 of the Alienation of Land Act No. 68 of 1981, no alienation of land shall be of any force or effect unless it is contained in a […]

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Contract of sale of immoveable property

In terms of the law of contract all agreements (contracts), whether reduced to writing, or not (verbal contracts) are equally enforceable in law. However, contracts of sale of immoveable property are one of few contracts that, by law, must be recorded in writing (Alienation of Land Act 68/1981). Furthermore, according to the Alienation of Land […]

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