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picture1_Agreement Sample 202310 | Residential Unit Agr Sale Mp1 10


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File: Agreement Sample 202310 | Residential Unit Agr Sale Mp1 10
agreement for the sale of movable property between seller and purchaser 1 definitions unless inconsistent with the context the following words shall have the following meaning 1 1 attorneys van ...

icon picture PDF Filetype PDF | Posted on 10 Feb 2023 | 2 years ago
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              AGREEMENT FOR THE SALE OF MOVABLE PROPERTY 
           between 
            
           ___________________________ 
            
           ("Seller") 
            
           and 
            
           ____________________________ 
            
           ("Purchaser") 
            
           1.    DEFINITIONS 
                 Unless inconsistent  with  the  context  the  following  words  shall  have  the  following 
                 meaning: 
            
                 1.1       Attorneys                       Van Wyk Van Heerden, 296 Main Road, 
                                                           Paarl, 
                                                           E-mail:avw@vwf.co.za / tizane@vwf.co.za  
                                                           Tel: 021 871 1050; 
                  
                 1.2       Effective Date                  The  date  on  which  all  risk  and  benefit 
                                                           pertaining to the Immovable Property shall 
                                                           pass to the Purchaser; 
            
                 1.3       Immovable Property              _______________, in the ____________  
                                                           Municipality, division of ______________, 
                                                           ______________ Province, in extent 
                                                           __________ (___________________) 
                                                           Square Metres; 
                                              	

				



                                                         
                                                         
                                                          
                 1.4       Movable Property                 the movable property in or about the 
                                                            Immovable Property set out on Annexure 
                                                            "A" hereto; 
                          
                 1.5       Purchaser                        ________________________________ 
                                                           Identity number: ____________________, 
                                                           un/married in/out of community of property, 
                                                           of 
                                                           __________________________________
                                                            ________________________________, 
                                                            E-mail address: ___________________,  
                                                           Tel: ______________; 
                                  
                 1.6       Seller                             ________________________________ 
                                                           Identity number: ____________________, 
                                                           un/married in/out of community of property, 
                                                           of 
                                                           __________________________________
                                                            ________________________________, 
                                                            E-mail address: ___________________,  
                                                           Tel: ______________; 
            
            
                 1.7       Signature Date                   The date of signature of this agreement by 
                                                            the Seller; 
            
                 1.8       Transfer Date                    The  date  whereupon  the  Immovable 
                                                            Property is registered in the name of the 
                                                            Purchaser  in  the  Deeds  Office,  Cape 
                                                            Town; 
            
            
            
            
            
                                                                    
                                                                    
                                                                     
             2.        INTRODUCTION 
              
                       It is confirmed that: 
              
                       2.1       The Purchaser has purchased the Immovable Property from the Seller; 
              
                       2.2       The Seller has agreed to sell to the Purchaser who wish to purchase the 
                                 Movable Property; 
              
                       2.3       The parties wish to record their agreement in writing: 
              
             THEREFORE THE PARTIES AGREE AS FOLLOWS 
              
             3.        SALE 
              
                       The Seller sells to the Purchaser and the Purchaser purchase from the Seller:  
                       the Movable Property,  
              
             4.        PURCHASE PRICE 
              
                       4.1       The  purchase  price  for  the  Movable  Property  is  the  amount  of  R 
                                 ____________________  (________________________  Rand),  payable 
                                 by the Purchaser to the Seller as follows:  
                                  
                                 4.1.1        Deposit of R ___________________ ( ________________           
                                              Rand); 
              
                                 4.1.2        Balance on the Transfer Date. 
                        
                       4.2       The Purchaser shall pay the balance purchase price to the Attorneys when 
                                 the  Attorneys  in  writing  advise  the  Purchaser  that  the  documents  for 
                                 registration of   transfer of the Immovable Property have been lodged. 
              
              
                                                                    
                                                                    
                                                                     
             5.        EFFECTIVE DATE 
              
                       5.1       The Effective Date is the Transfer Date. 
              
                       5.2       On the Effective Date the Seller shall: 
              
                                 5.2.1      Deliver the Movable Property to the Purchaser against payment                     
                                            of the purchase price. 
              
             6.        RISK AND BENEFIT 
              
                       The risk and benefit in the Movable Property shall pass from the Seller to the 
                       Purchaser on the Effective Date. 
              
             7.        VOETSTOOTS 
              
                       7.1       The Movable Property is sold voetstoots. 
              
                       7.2       The Seller is not aware of any latent defects to the Movable property.  
                                                                                                                                  
             8.        BREACH 
              
                       8.1       Should the Purchaser: 
              
                                 8.1.1         commit an Act of Insolvency before payment of the purchase 
                                               price;  or 
              
                                 8.1.2         fail to fulfil on due date any of the terms of this agreement; 
              
                                 8.1.3         fail to make any payment in terms hereof on due date: 
              
                                 the Seller or his agent shall be entitled, (except for 8.1.1), after having 
                                 given the Purchaser 7 (Seven) days' written notice to remedy such breach 
                                 and the Purchaser having failed to remedy such breach within such time, 
                                 to either: 
              
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...Agreement for the sale of movable property between seller and purchaser definitions unless inconsistent with context following words shall have meaning attorneys van wyk heerden main road paarl e mail avw vwf co za tizane tel effective date on which all risk benefit pertaining to immovable pass in municipality division province extent square metres or about set out annexure a hereto identity number un married community address signature this by transfer whereupon is registered name deeds office cape town introduction it confirmed that has purchased from agreed sell who wish purchase parties record their writing therefore agree as follows sells price amount r rand payable deposit balance pay when advise documents registration been lodged deliver against payment voetstoots sold not aware any latent defects breach should commit an act insolvency before fail fulfil due terms make hereof his agent be entitled except after having given seven days written notice remedy such failed within time...

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