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Agreement of Sale

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Agreement of Sale AGREEMENT OF SALE in respect of SECTION NO_____________________________________________________________ IN THE SCHEME KNOWN AS PECAN PLACE entered into by and between the “DEVELOPER”: Name: AMAFU DEVELOPMENTS PROPRIETARY LIMITED Registration Number: 2012/177606/07 herein represented by Johan Reinhardt Snoeck Henkemans and/or Matthew John Blackmore duly authorised hereto in terms of a resolution Physical Address: c/o Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn Pretoria 0181 Postal Address: c/o Tiaan Smuts Attorneys P O Box 36308 Menlo Park 0102 And Page 1 of 23 Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn, Pretoria www.tsa.co.za the “PURCHASER”: Purchaser 1 Purchaser 2 Name/s: Identity/ Registration Number: Known as: Marital Status: Date of Marriage: Place/Country of Marriage: Physical Address: Postal Address: E-Mail: Tel (cell phone): Tel (work): Income Tax Number: Employer: Monthly income: Page 2 of 23 Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn, Pretoria www.tsa.co.za SCHEDULE a. THE PROPERTY SOLD: The property hereby sold is a unit in the residential Sectional Title Scheme to be known as Pecan Place which comprises of residential units to which is allocated certain Exclusive Use Garages (if applicable) and sole use rights to Carports, situate at Erf 461 Nieuw Muckleneuk Township Unit No/s (Section and an undivided share in the common property): Approximate size of Section: Garage (exclusive use Carport (sole use area) area) Parking: b. PURCHASE PRICE (inclusive of VAT at 15%): R_____________________________________________ (___________________________________________________________________________________) c. PAYMENT OF PURCHASE PRICE: Total purchase price: R Security deposit: R 50 000.00 (Fifty Thousand Rand) payable within 5 (five) days from date of signature of agreement by Purchaser: (Refundable should the mortgage loan, as per clause 3.1 not be approved) Additional deposit ( if required) / balance R purchase price: payable or to be secured by an irrevocable bank guarantee to the satisfaction of the Conveyancers within _________ days from date of signature of the agreement by the Purchaser: Page 3 of 23 Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn, Pretoria www.tsa.co.za d. MORTGAGE LOAN: Amount required: R 30 (thirty) days from date of conclusion of this Date by which bond must be granted: agreement or such extended date as the Developer may approve in clause 3.1 e. ADDITIONAL COSTS PAYABLE BY THE PURCHASER: Estimated levy payable to the Body Corporate To be calculated according to Annexure L – the from date of registration of the Property into the Levy Schedule name of the Purchaser Estimated assessment rates payable to the City To be calculated by Council on registration of Tshwane Metropolitan Municipality from date of the Section in the Deeds Registry of registration of the Property into the name of the Purchaser f. SELLING AGENT (if applicable): Name of Agency: Heiberg Estates 894 Jan Shoba Street Brooklyn Pretoria 0181 VAT number of Agency 495 022 1070 Selling Agent: Dr Bambie Heiberg Income tax number of Selling Agency: 989 0600 142 E-Mail: [email protected] Telephone No. / Cell No: · 012 362 4628 / 083 654 3773 Page 4 of 23 Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn, Pretoria www.tsa.co.za g. CONVEYANCERS: Name of Firm: Tiaan Smuts Attorneys Business address: 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn Pretoria 0181 Postal address: P O Box 36308 Menlo Park 0102 Telephone No: 012 342 0350 E-Mail address: [email protected] h. ANNEXURES: A. Standard Conditions; B. Instruction to invest; C. Schedule of finishes; D. Floor Plans, Typical Elevations, Unit Layouts and Sectional Title Plans; E. Proposed Body Corporate Conduct Rules; F. Altec Contract; G. Pre-paid Contract in respect of electricity and water; H. NHBRC enrolment and registration Certificate; I. FICA Documentation of Purchaser/s; J. Consent in terms of the POPI Act. K. Appliances L. Levy Schedule Page 5 of 23 Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn, Pretoria www.tsa.co.za Signed by the PURCHASER at on ___________________________________ ________________________________ Witness 1 PURCHASER ___________________________________ _________________________________ Witness 2 PURCHASER herein represented by _______________________________________________________ (if the Purchaser is a Company / Close Corporation / Trust) Signed by the DEVELOPER at on ___________________________________ ________________________________ Witness 1 DEVELOPER ___________________________________ Witness 2 Signed by the SELLING AGENT at on ___________________________________ ________________________________ Witness 1 AGENT ___________________________________ Witness 2 Page 6 of 23 Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn, Pretoria www.tsa.co.za ANNEXURE “A” STANDARD CONDITIONS RECORDAL WHEREAS the Developer is the registered owner of the Land. AND WHEREAS the Developer intends establishing a Residential Sectional Title Scheme in respect of the Land and Buildings erected (and to be erected) on the Land. AND WHEREAS the Purchaser wishes to purchase a unit or units with the sole use to a carport/s and exclusive use area in respect of a garage (if applicable) in the Sectional Title Scheme to be registered. AND WHEREAS the Developer and the Purchaser enter into this Agreement to agree to the terms and conditions of the sale of the unit, the sole use of an allocated carport/s and an exclusive use area garage (if applicable), as well as matter incidental thereto. NOW THEREFORE THE PARTIES AGREE AS SET OUT HEREUNDER 1. INTERPRETATION For the purposes of this Agreement, unless the context indicates otherwise 1.1 “the Agreement" means the Schedule, the Standard conditions and Annexures each forming an integral part of this Agreement. 1.2 "Architect" means the architect appointed by the Developer to act as such from time to time in respect of the Development or a member of a firm so appointed. 1.3 "Body Corporate" means the controlling body of the Land and Buildings as contemplated in terms of Section 2(1) of the STSMA. 1.4 “Bond Attorneys” means JJR Incorporated with contact details as follows:- Address: 308 Brooks Street, Menlo Park, Pretoria East Tel: 012 362 5787 Email: [email protected] Reference: Wimpie Ackhurst and Adams & Adams Attorneys (in respect of Investec and RMB bonds) with contact details as follows: Address: 4 Daventry St, Lynnwood Manor, Pretoria, 0081 Tel: 012 342 6000 Email: [email protected] Reference: Roelof Grove 1.5 "the Buildings" means the buildings erected or to be erected on the Land reflected in the Annexures. 1.6 "Common Property" means those portions of the Land not forming part of any Section, in the Development and constituted as common property in terms of the STA read with the STSMA. 1.7 "Conveyancers" means the Conveyancers as set out in Clause (g) of the Schedule. 1.8 “CPA" means the Consumer Protection Act No. 68 of 2008 or any amendments thereof, and regulations promulgated in terms thereof. Page 7 of 23 Tiaan Smuts Attorneys 1st Floor, Block C, Brooklyn Office Park 488 Fehrsen Street, Brooklyn, Pretoria www.tsa.co.za 1.9 “CSOSA” means the Community Schemes Ombud Services Act No 9. of 2011 and words used in this agreement bear the same meaning as defined in the Act. 1.10 "Developer" means the Seller or its nominees and includes its successors-in-title. 1.11 "Development" means the proposed sectional title development on the Land. 1.12 "Delivery" means the date of registration of the Unit/Section into the name of the Purchaser in the Deeds Office. 1.13 “Deposit” means the deposit as set out in Clause (c) of the Schedule. 1.14 "Direct marketing" means direct marketing as defined in the CPA. 1.15 " Land" means Erf 461 Nieuw Muckleneuk Township, Pretoria. 1.16 "Land Surveyor" means the land surveyor appointed by the Developer, to act as such from time to time in respect of the Development or a member of a firm so appointed. 1.17 "Mortgagee Loan" means the loan required by the Purchaser as set out in Clause (d) of the Schedule. 1.18 "Occupation Date" means date of registration or such alternative date as agreed upon in writing by both parties. 1.19 "Parking " means an area designated for purposes of parking a motor vehicle, being either an exclusive use area (in the event of a garage) and/or a sole use area (in the event of a carport which shall be allocated by the Developer to the respective owners of Units). 1.20 "Participation Quota" means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the STA. 1.21 “Prime Rate” means the rate of interest charged on overdraft facilities by Rand Merchant Bank on unsecured loans from time to time. A certificate signed by the manager of any branch of the said bank shall be sufficient proof of the said prime rate charged from time to time. 1.22 "Property" means the Section and Parking as set out in Clause (a) of the Schedule. 1.23 “Purchase Price” means the total purchase price as set out in Clause (b) of the Schedule. 1.24 "the Rules" means the Conduct Rules and Management Rules in accordance with Annexure 1 and 2 of the STMA and such amended rules as approved by the Community Ombud Service prior to registration of the first Unit (enclosed as Annexure E). 1.25 "Sectional Plan" means the draft sectional plan and/or sectional plan approved by the Surveyor-General. 1.26 "Section" or "Unit" bear the meanings defined in the STA and STSMA and with particular reference to this Agreement shall mean the Section forming part of the Property, notwithstanding that the Sectional Plan relating thereto may not be approved or registered.
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