Common use of Costs of Transfer Clause in Contracts

Costs of Transfer. 8.1 All normal costs of transfer of the Unit, including the costs hereof, transfer duty and all other costs which have to be incurred in order to comply with Statutes, other enhancements or regulations relating to the passing of transfer of the Unit and the registration of a bond (if any) is not included in the purchase price and shall be paid by the PURCHASERS' financial institution or by the PURCHASER personally immediately when requested thereto by the Legal Practitioners, by default of which the SELLER will be entitled to cancel this Agreement in terms of Clause 15 hereof without any further notice and Subject to the SELLER'S rights and remedies set out in the said clause, PROVIDED, however, that the PURCHASER shall not be obliged to make any such payment prior to the fulfilment of any suspensive conditions referred to herein. 8.2 For the purposes aforesaid the parties hereto specifically agree that, notwithstanding the provisions of any act or regulation to the contrary, that the PURCHASER will also be liable for all stamp duty payable on this transaction, whether or not the SELLER might be legally liable therefore. 8.3 The PURCHASER acknowledges that he/she is aware of the fact that transfer duty is payable within 6 (SIX) months from date of the last signature on this deed of sale, from which date a penalty interest of 10% (ten percent) per month is added to the transfer duty amount payable.

Costs of Transfer. 8.1 All normal costs of transfer of the Unit, including the costs hereof, transfer duty and all other costs which have to be incurred in order to comply with Statutes, other enhancements or regulations relating to the passing of transfer of the Unit and the registration of a bond (if any) is not included in the purchase price and shall be paid by the PURCHASERS' financial institution or by the PURCHASER personally immediately when requested thereto by the Legal Practitioners, by default of which the SELLER will be entitled to cancel this Agreement in terms of Clause 15 hereof without any further notice and Subject to the SELLER'S rights and remedies set out in the said clause, PROVIDED, however, that the PURCHASER shall not be obliged to make any such payment prior to the fulfilment of any suspensive conditions referred to herein. 8.2 For the purposes aforesaid the parties hereto specifically agree that, notwithstanding the provisions of any act or regulation to the contrary, that the PURCHASER will also be liable for all stamp duty payable on this transaction, whether or not the SELLER might be legally liable therefore. 8.3 The PURCHASER acknowledges that he/she is aware of the fact that transfer duty is payable within 6 (SIX) months from date of the last signature on this deed of sale, from which date a penalty interest of 10% (ten percent) per month is added to the transfer duty transfer- and stamp duties amount payable.