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Practical Advice to Contracting Parties

 
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SELLER   PURCHASER

1. Maintain all payments iro bond, (over payments will be refunded), home owner’s insurance, rates and taxes, (duplication in payments will be refunded by the council) / levies up until transfer, (duplication in payment will be refunded by the body corporate)

 

2. Obtain a valid electrical certificate of compliance as set out in the offer to purchase from an accredited electrical contractor [* ensure that the accredited electricians reflects both the physical and proper Erf description as per the deeds office records on the ECC]

 

3. Sign all documents when called upon to do so

 

4. Arrange to have a final meter reading taken by the council for the water and electricity prior to vacating the property for the day when the property will be vacated (Please ask us for more information)

 

5. Vacate the property timeously in terms of the agreement

 

6. Make reference to your supplied username and password to track progress on the transfer via our website

 

7. Please note that we do not follow up rates refunds on your behalf, which process can take up to six months after transfer to conclude. Should you wish we will refer you to companies who may be able to assist you in this regard at an agreed charge

 

1.  Pay the purchase price timeously, (deposit needs to be paid as per the offer to purchase), property guarantees needs to be delivered on or before the date agreed to in the offer to purchase

 

2. Obtain bond grant timeously and sign bond documents in time for the guarantees to be issued timeously

 

3. Sign all documents when called upon to do so and pay transfer costs upon signature of the transfer documents

 

4. Pay the deposit with the council for the water and electricity prior to taking occupation of the property (Please ask us for more information)

 

5. Take occupation of the property in terms of the agreement

 

6. Make reference to your supplied username and password to track progress on the transfer via our website

 

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