Commercial Property Purchase Agreement Template for South Africa

1. Development Conditions: Used when the property requires development or renovation before transfer

2. Tenant Rights: Required when the property is subject to existing lease agreements

3. Environmental Provisions: Needed when environmental issues or compliance requirements are relevant

4. BBBEE Provisions: Required for transactions involving BEE compliance requirements

5. Property Management: Used when interim management arrangements are needed between signature and transfer

6. Due Diligence: When a due diligence period is required before the agreement becomes unconditional

7. Subdivision Conditions: Required when the property needs to be subdivided before transfer

8. Zoning and Land Use: When specific zoning or land use changes are required

9. Fixtures and Fittings: Detailed provisions about included/excluded fixtures when relevant

10. VAT Elections: Required when the transaction is subject to VAT instead of transfer duty

1. Property Details Schedule: Detailed technical description of the property including diagrams and zoning certificates

2. Purchase Price Schedule: Breakdown of purchase price components and payment schedule

3. Existing Lease Schedule: Details of current lease agreements affecting the property

4. Fixtures and Fittings Schedule: Comprehensive list of included and excluded items

5. Due Diligence Checklist: List of documents and investigations required for due diligence

6. Outstanding Approvals Schedule: List of required regulatory approvals and their status

7. Property Condition Report: Detailed assessment of property condition at time of sale

8. Building Plans and Certificates: Approved building plans and compliance certificates

9. Title Deed Conditions: Copy of title deed and relevant conditions

10. Environmental Reports: Environmental impact assessments or compliance reports if applicable