Buy Sell Agreement (Real Estate) Template for South Africa

1. Bond Clause: Required when purchase is subject to the buyer obtaining mortgage finance

2. Sale of Purchaser's Property: Include when sale is conditional on the purchaser selling their existing property

3. Sectional Title Provisions: Required for sectional title properties, including body corporate rules and levies

4. Fixtures and Fittings: Detailed list of items included/excluded from sale when specific items need clarification

5. Occupancy Certificate: Required for newly constructed properties

6. FICA Requirements: Detailed FICA compliance requirements when dealing with corporate entities or trusts

7. Special Conditions: Any unique requirements or conditions specific to the transaction

8. Rental Arrangements: Required when property is currently tenanted or will be leased back to seller

9. Development Conditions: Include for properties in development areas or with pending zoning changes

10. VAT Provisions: Required when the sale is subject to VAT instead of transfer duty

1. Schedule A - Property Details: Detailed property specifications, including diagrams and title deed extract

2. Schedule B - Fixtures and Fittings: Comprehensive list of items included in or excluded from the sale

3. Schedule C - Defects List: Detailed list of known defects as disclosed by the seller

4. Schedule D - Compliance Certificates: List of required compliance certificates and their status

5. Schedule E - Property Plans: Approved building plans and property diagrams

6. Appendix 1 - Proof of Authority: Required resolutions or authorizations if any party is a company or trust

7. Appendix 2 - FICA Documents: Copies of required FICA documentation for all parties

8. Appendix 3 - Body Corporate Rules: For sectional title properties, current body corporate rules and regulations

9. Appendix 4 - Zoning Certificate: Current zoning certificate and regulations affecting the property