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Understanding Contractual Agreements For Apartments For Sale in Rivonia

You need to be aware that you will be entering into a legal contract with both your estate agent and the buyer of your apartments for sale in Rivonia. The Alienation of Land Act 68 of 1981 regulates contracts relating to immovable property. In terms of this Act, for an Agreement of Sale of land to be valid, it must be in writing, contain a description of the parties to the contract, and contain a description of the property.

The contract regarding your apartments for sale in Rivonia must also state the price for which the property is being sold and signed by all parties to the contract, or your agent, acting on their written authority. A verbal agreement to buy or sell immovable property is therefore invalid. If a contract is to be legally binding, the parties who sign it must have the legal capacity to do so. This means you would not be able to enter into an agreement if you are younger than eighteen years of age and unmarried, married in community of property without the written consent of your spouse, or if you are of unsound mind (insane). In addition if you have been declared an un-rehabilitated insolvent, or if you have been prohibited by a Court from entering into a contract without the authority of a curator.

Make sure you confirm with your estate agent that your prospective purchaser has the legal capacity to enter into a sale agreement regarding your apartments for sale. And always remember to ensure that you understand all the terms and conditions that are attached to your agreement for your apartments for sale. The best way to ensure that you have all these bases covered is to use the services of a certified estate agent.

To find out more about what a contract or sale agreement for your apartments for sale in Rivonia will entail, you can contact us.

 


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