Common use of Obligations of the Purchaser Clause in Contracts

Obligations of the Purchaser. 4.1 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s), without any amendments/rectifications and present same to IGrowWealth Investments (Pty) Ltd/IGrow Homeloans to present to SELLER(s) within 7business days from the date of receipt of the Agreement of Sale(s), failing which the seller or his agent reserves the right, at his sole discretion to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as a non-refundable administration fee as wasted costs for preparing and drafting documents which are part of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costs. 4.3 The reservation deposit(s) will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelled, as provided for inthe said Agreement of Sale(s). 4.5 If the PURCHASER has been granted a mortgage loan for 100% of the Purchase Price through a financial institution, the reservation deposit(s) will be refunded to the Purchaser on date of registration of the Property.

Appears in 8 contracts

Samples: Reservation Agreement, Reservation Agreement, Reservation Agreement

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Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount as specified in schedule ‘A’ attached hereto (hereinafter referred to as the "Reservation Deposit(s) ") into the trust account of the transferring attorney(s). 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s), without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing ) which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as a non-refundable administration fee as wasted costs for preparing and drafting documents which are part of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costs. 4.3 PURCHASER is further made aware that SELLER can only accept a reservation upon receipt of a written offer from PURCHASER and that any reservation deposit(s) paid does not constitute to a formal reservation of the purchase. 4.4 The reservation deposit(s) will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Home Loans for the purpose of finalisation of the bond application(s), failing to do so, SELLER has the right to immediately cancel the reservation(s) and refund the PURCHASERS’ deposit(s) and make the property available to the next purchaser on the waiting list. 4.7 4.8 5.3 It is mutually agreed that the reservation deposit(s) is/are refundable by the transferring attorney(s) to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale(s). PURCHASER is made aware that should the offer be accepted by SELLER, and PURCHASER defaults in any manner on any terms of the agreement(s), the reservation deposit(s) will be non-refundable. PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 3 contracts

Samples: Reservation Agreement, Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R35 000.00 (Thirty- Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R35 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. Initial 4.6 It is mutually agreed that the deposit of R35 000,00 (Thirty-Five Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 3 contracts

Samples: Reservation Agreement, Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R10 000.00 (Ten Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R10 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R10 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R35 000.00 (Thirty Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R35 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. Initial 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R35 000,00 (Thirty Five Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R35 000.00 (Thirty Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R35 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. Initial 4.6 It is mutually agreed that the deposit of R35 000,00 (Thirty Five Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R30 000.00 (Thirty Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R30 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. Initial 4.6 It is mutually agreed that the deposit of R30 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R10 000.00 (Ten Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R10 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. Initial 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R10 000,00 (Ten Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R20 000.00 (Twenty Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R20 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. Initial 4.6 It is mutually agreed that the deposit of R20 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R10 000.00 (Ten Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R10 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. Initial 4.6 It is mutually agreed that the deposit of R10 000,00 (Ten Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R100 000 (One Hundred Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costs.of 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Home Loans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R100 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER is made aware that should the offer be accepted by SELLER, and PURCHASER defaults in any manner on any terms of the agreement, the R100 000 will be non-refundable. 4.8 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 2 contracts

Samples: Reservation Agreement, Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s), without any amendments/rectifications and present same to IGrowWealth Investments (Pty) Ltd/IGrow Homeloans to present to SELLER(s) within 7business 5 business days from the date of receipt of the Agreement of Sale(s), failing which the seller or his agent reserves the right, at his sole discretion to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as a non-non- refundable administration fee as wasted costs for preparing and drafting documents which are part of a free service offered to the Purchaser if documents are submitted within 7 5 (sevenfive) business days. Should there be any delay, please advise your bonds consultant immediately. 4.2 The Purchaser is aware that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costs. 4.3 The reservation deposit(s) will deposit can be considered used towards the balance of purchase price, however, should the Purchaser be required to pay any connection fees or other fees, the reservation deposit in this case, cannot be a part payment used towards the balance of the purchase price. 4.4 The reservation deposit(s) is/are refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelled, as provided for inthe said Agreement of Sale(s). 4.5 If the PURCHASER has been granted a mortgage loan for 100% of the Purchase Price through a financial institution, the reservation deposit(s) will be refunded to the Purchaser on date of registration of the Property.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R5 000.00 (Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R5 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. Initial 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R5 000,00 (Five Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans Bonds by the Gavelry for the purpose of finalisation of the bond application(s), without any amendments/rectifications and present same to IGrowWealth Investments Times Squared Marketing (Pty) LtdLtd. t/IGrow Homeloans a Just Property/Bonds by the Gavelry to present to SELLER(s) within 7business 7 business days from the date of receipt of the Agreement of Sale(s), failing which the seller or his agent reserves the right, at his sole discretion to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as a non-refundable administration fee as wasted costs for preparing and drafting documents which are part of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costs. 4.3 The reservation deposit(s) will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelled, as provided for inthe in the said Agreement of Sale(s). 4.5 If the PURCHASER has been granted a mortgage loan for 100% of the Purchase Price through a financial institution, the reservation deposit(s) will be refunded to the Purchaser on date of registration of the Property.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER The Purchaser must pay a Reservation Deposit in the amount of R35 000.00 (Thirty Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit"), within 24 hours after signing of this reservation agreement. 4.2 The Purchaser must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans to present to SELLER(sLtd within 3 (three) within 7business business days from the date of receipt signature of the Agreement of Sale(s), failing which the seller or his agent reserves the right, at his sole discretion to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S this Reservation Deposit as a non-refundable administration fee as wasted costs for preparing and drafting documents which are part of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsRequest. 4.3 The Seller will be obliged to accept a written offer from the Purchaser made by the Purchaser to the Seller to enable the Purchaser to purchase the Property from the Seller upon the standard terms and conditions of the Seller's prescribed Agreement of Sale. 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER Purchaser not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the PURCHASER event where a Purchaser has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the Purchaser has a further 5 (Five) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, the Seller has the right to immediately cancel the reservation and refund the Purchaser’s deposit and make the property available to the next purchaser on the waiting list. Initial 4.6 It is mutually agreed that the deposit of R35 000,00 (Thirty Five Thousand Rand) is refundable by the transferring attorney to the Purchaser, should the Purchaser not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 The Purchaser further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

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Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R5 000.00 (Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R5 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R5 000,00 (Ten Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R20 000.00 (Twenty- Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R20 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R20 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R10 000.00 (Ten Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R10 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R10 000,00 (Ten Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 The PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans Home Loans for the purpose of finalisation of the bond application(s), without any amendments/rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Home Loans to present to SELLER(s) within 7business 7 business days from the date of receipt of the Agreement of Sale(s), failing which the seller or his agent reserves the right, at his sole discretion to cancel the reservation(s) and may to retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as a non-refundable administration fee as wasted costs for preparing and drafting documents which are part of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser PURCHASER is aware that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser PURCHASER was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costs. 4.3 The reservation deposit(s) will be considered to be a part payment of the purchase price. 4.4 . The reservation deposit(s) is/are refundable by the transferring attorney Agency to the PURCHASER: If the PURCHASER, should the PURCHASER despite his best efforts, not obtain the required financing due to circumstances outside of his control and the transaction is cancelled, as provided for inthe in the said Agreement of Sale(s). 4.5 ) or If the PURCHASER has been granted a mortgage loan for 100% of the Purchase Price through a financial institution, the reservation deposit(s) will be refunded to the Purchaser on date of registration of the Property. If the PURCHASER has been granted a mortgage loan for 100% of the Purchase Price through a financial institution, the reservation deposit(s) will be refunded to the Purchaser on date of registration of the Property.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R35 000.00 (Thirty- Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R35000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. Initial 4.6 It is mutually agreed that the deposit of R35 000,00 (Thirty-five Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R5 000.00 (Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R5 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Home Loans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R5 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Home Loans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R35 000.00 (Thirty- Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R35 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. Initial 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R35 000,00 (Thirty-Five Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R35 000.00 (Thirty- Five Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R350 000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R35 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

Obligations of the Purchaser. 4.1 PURCHASER must pay a Reservation Deposit in the amount of R40 000.00 (Forty Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney. 4.2 PURCHASER must sign the said Agreement of Sale(s) and/or all documents requested by IGrow Homeloans for the purpose of finalisation of the bond application(s)Sale, without any amendments/amendments / rectifications and present same to IGrowWealth IGrow Wealth Investments (Pty) Ltd/IGrow Homeloans Ltd to present to SELLER(s) SELLER within 7business days 24 hours from the date of receipt of the Agreement of Sale(s), failing Sale which the seller or his agent reserves the right, at his sole discretion IGrow Wealth Investments will provide to cancel the reservation(s) and may retain R5,000.00 (Five Thousand Rand) of the PURCHASER’S Reservation Deposit as . 4.3 PURCHASER is further made aware that SELLER can only accept a non-refundable administration fee as wasted costs for preparing and drafting documents which are part reservation upon receipt of a free service offered to the Purchaser if documents are submitted within 7 (seven) business days. 4.2 The Purchaser is aware written offer from PURCHASER and that the balance of the Reservation Deposit is a refundable deposit, except if the Purchaser was in any way untruthful with his application for a mortgage bond OR if the agreement is cancelled by the Purchaser once the deal has been perfected that being once all suspensive conditions have been met OR if the Purchaser delay the registration process in any manner then the Seller or his duly appointed Agent reserves the right to then deem any part of the balance of the reservation deposit as an administration fee and retain same as wasted costsof R40000 does not constitute to a formal reservation of the purchase. 4.3 4.4 The reservation deposit(s) deposit will be considered to be a part payment of the purchase price. 4.4 The reservation deposit(s) is/are price and refundable by the transferring attorney to the PURCHASER, should the PURCHASER not obtain the required financing due to circumstances outside of his control and the transaction is cancelledfinancing, as provided for inthe in the said Agreement of Sale(s). 4.5 If Sale. In the event where PURCHASER has been granted received a mortgage loan for 100% of the Purchase Price financing through a financial institution, the reservation deposit(s) deposit will be refunded to the Purchaser on date of registration of the Property. Initial 4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list. 4.6 It is mutually agreed that the deposit of R40 000,00 is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale. 4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.

Appears in 1 contract

Samples: Reservation Agreement

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