Home
/
Our Insights
/
Blog Detail
/
Home
/
Home
|
Login
Our Team
Our Expertise
Our Insights
BOOK CONSULTATION
SUBSCRIBE
Our Team
Our Expertise
Our Insights
You can share this article in the following networks:
Dot the i's and cross the t's!!!
02 March 2023,
Dries Knoetze
208
As part of the litigation department, I find quite often that I am tasked to litigate over a dispute relating to immovable property resulting for either no written sale agreement or a the lack of a proper sale agreement being entered into.
The most recent dispute was only settled after the High Court and eventually Supreme Court of Appeal had to be approached for relief, which costs the client nearly 2 million rand in legal costs.
It is thus important that in order to ensure that your contact is properly drafted, rather spend the few hundred rand now then fact litigation costs later.
In terms of the Alienation of Land Act, all sales relating to immovable properties must be in writing and must the following elements be present in the agreement:
1)
The description of the property i.e. erf no, street address or alike;
2)
The description of the parties who enter into the agreement;
3)
The purchase price of the property
If the agreement is not in writing, the agreement will be void as if there is no agreement and will result in fact that the agreement will not be enforceable.
Although it seems that you can just draw an example of such an agreement from google, it is strongly advisable that you obtain advice from a respectable law firm before you sign any agreement to ensure that the agreement complies with the relevant elements and that the seller has the necessary authority to sell the land to you.
Previous
Importance Certificate of Compliance e- Electrical fencing
Next
First year Anniversary of being admitted as a Legal Practitioner
Share:
Subscribe to our Blogs
PLEASE, FULL NAME REQUIRED!
PLEASE, EMAIL REQUIRED!
Talk to us
Get in touch with us to discuss how we can help you with your challenges
Get in touch
Related Insights
Short description of forfeiture in divorce proceedings
What is reckless lending?
Love out of context
Popular Insights
Dont' lose your Title Deed
Does your husband’s Nyatsi qualify to be a beneficiary in terms of Section 37C of the Pension Fund Act?
Who inherits under a Deceased Estate when there is no Will?
Recent Insights
Hit-and-run Motor Vehicle Collisions
Quick Step Guide for after-care in a Car Collision
Subrogation in Motor Vehicle Accidents.
You can share this article in the following networks:
Offices
+27 57 916 6666
Back to top