Common use of PROPERTY DESCRIPTION AND PAYMENT OF PURCHASE PRICE Clause in Contracts

PROPERTY DESCRIPTION AND PAYMENT OF PURCHASE PRICE. 3.1 The Purchaser hereby purchases the Property as defined in clause 1.1.4, and the use of parking bay no P (Subject to the final position layout) and an undivided share in the common property in the scheme for a price of R (“the Purchase Price”) (including VAT), payable as follows: 3.1.1 R10 000 (“Deposit”) payable to the Conveyancers within 7 (seven) days of the Signature Date to be used towards the bond registration costs and the estimated amounts as set out on page 9 of this Agreement of Sale. 3.1.2 R (“further cash payment”) payable to the Conveyancers within 48 hours from the bond being granted. Should the bond be granted for less than the purchase price, the balance must be paid to the Conveyancers as per clause 3.1 within 48 hours of the bond being granted; or 3.1.3 R (“bond amount”) or any lesser amount which may be acceptable to the Purchaser, as granted by a Financial Institution, which Financial Institution has been approved by Xxxxxx Properties Limited. The bond must be granted within 21 (twenty-one) days from the Signature Date, and the guarantees must be furnished to the Seller within 3 (three) days after request or such extended period which shall be at the sole discretion of the Seller. 3.2 If the sale is a cash sale, the cash must be transferred to the Conveyancers within 14 (fourteen) days from the Signature Date, alternatively the Purchaser can issue a guarantee within 14 (fourteen) from the Signature Date. Should the Purchaser opt for a guarantee, the Purchaser acknowledges that they are responsible for the costs of issuing and amending/re- issuing all guarantees as requested by Xxxxxx Properties Limited and/or the Conveyancers, in order to meet the requirements of Xxxxxx Properties Limited’s development loan, where applicable. 3.3 IGrow Wealth Homeloans, whom by virtue of their position and expertise are able to obtain finance for the Purchaser, are hereby appointed by the Purchaser to submit and to process the bond application/s to the relevant Financial Institutions. 3.4 The Purchaser acknowledges that all applications for the bond will be submitted by IGrow Wealth Homeloans to the Financial Institutions and Consultants approved by IGrow Wealth Homeloans only. The Purchaser shall furnish all necessary information and documentation to the Seller and sign all necessary documents within 7 (seven) days of the Signature Date. 3.5 The Seller shall be liable for the bond costs on condition that IGrow Wealth Homeloans submits the bond application, and the authorised attorneys are instructed in relation to the bond. 3.6 The Deposit and any other payments received in respect of the Purchase Price shall be paid into the Conveyancer’s trust account and invested by the Conveyancer as trust monies in an interest-bearing account in the name of the Purchaser in terms of Section 86(4) of the Legal Practice Act No. 28 of 2014 (“LPA”). All interest earned in respect of any payments (less the Conveyancer’s fees in respect of the administration of the investment and such deductions as are required to made on account of the LPA) shall accrue for the benefit of the Purchaser and shall be paid to the Purchaser by the Conveyancer within 2 (two) business days from the date of registration. On the date of registration, the deposit and any other monies received in respect of the Purchase Price shall be paid to the Seller. The Conveyancer shall only be able to invest the monies paid to the Conveyancer upon (1) delivery of the documentation to the Conveyancer required to be provided in terms of the Financial Intelligence Centre Act, 38 of 2001 and (2) signature of such documentation as may be required by the Conveyancer (or the investing bank) to enable the Conveyancer to invest the monies and comply with the investing bank’s investment requirements. By initialling hereunder, the Purchaser acknowledges having been made aware of the nature and effect of this provision.

PROPERTY DESCRIPTION AND PAYMENT OF PURCHASE PRICE. 3.1 The Purchaser hereby purchases the Property as defined in clause 1.1.4, and the use of parking bay no P (Subject to the final position layout) and an undivided share in the common property in the scheme for a price of R R_1000 000 (“the Purchase Price”) (including VAT), payable as follows: 3.1.1 R10 000 (“Deposit”) payable to the Conveyancers within 7 48 (sevenforty-eight) days hours of the Signature Date to be used towards the bond registration costs and the estimated amounts as set out on page 9 10 of this Agreement of Sale. 3.1.2 R (“further cash payment”) payable to the Conveyancers within 48 hours from the bond - being granted. Should the bond be granted for less than the purchase price, the balance must be paid to the Conveyancers as per clause 3.1 within 48 hours of the bond being granted; oror Initial 3.1.3 R 1 000 000 (“bond amount”) or any lesser amount which may be acceptable to the Purchaser, as granted by a Financial Institutionfinancial institution, which Financial Institution financial institution has been approved by Xxxxxx Properties LimitedLimited and/or its Nominee. The bond must be granted within 21 (twenty-twenty one) days from the Signature Date, and the guarantees must be furnished to the Seller within and/or its Nominee (Mortgage Market)within 3 (three) days after request or such extended period which shall be at the sole discretion of the Seller. 3.2 If the sale is a cash sale, the cash must be transferred to the Conveyancers within 14 (fourteen) days from the Signature Date, alternatively the Purchaser can issue a guarantee within 14 (fourteen) from the Signature Date. Should the Purchaser opt for a guarantee, the Purchaser acknowledges that they are responsible for the costs of issuing and amending/re- issuing all guarantees as requested by Xxxxxx Properties Limited the Seller and/or its Nominee and/or the Conveyancers, in order to meet the requirements of Xxxxxx Properties Limitedthe Seller’s development loan, where applicable. 3.3 IGrow Wealth HomeloansThe Seller and/or its Nominee, whom by virtue of their position and expertise are able to obtain finance for the Purchaser, are hereby appointed by the Purchaser to submit and to process the bond application/s to the relevant Financial Institutionsfinancial institutions. 3.4 The Purchaser acknowledges that all applications for the bond will be submitted by IGrow Wealth Homeloans the Seller and/or its Nominee to the Financial Institutions and Consultants approved by IGrow Wealth Homeloans onlyfinancial institutions on behalf of the Purchaser. The Purchaser shall furnish all necessary information and documentation to the Seller and/or its Nominee and sign all necessary documents within 7 (seven) days of the Signature Date. 3.5 The Seller shall be liable for the bond costs on condition that IGrow Wealth Homeloans the Seller and/or Nominee submits the bond application, application and the authorised attorneys attorneys, approved of by the Seller, are instructed in relation to the bondbond registration. 3.6 The Deposit and any other payments received in respect of the Purchase Price shall be paid into the Conveyancer’s trust account and invested by the Conveyancer as trust monies in an interest-bearing account in the name of the Purchaser in terms of Section 86(4) of the Legal Practice Act No. 28 of 2014 (“LPA”). All interest earned in respect of any payments (less the Conveyancer’s fees in respect of the administration of the investment and such deductions as are required to made on account of the LPA) shall accrue for the benefit of the Purchaser and shall be paid to the Purchaser by the Conveyancer within 2 (two) business days from the date of registration. On the date of registration, the deposit and any other monies received in respect of the Purchase Price shall be paid to the Seller. The Conveyancer shall only be able to invest the monies paid to the Conveyancer upon (1) delivery of the documentation to the Conveyancer required to be provided in terms of the Financial Intelligence Centre Act, 38 of 2001 and (2) signature of such documentation as may be required by the Conveyancer (or the investing bank) to enable the Conveyancer to invest the monies and comply with the investing bank’s investment requirements. By initialling hereunder, hereunder the Purchaser acknowledges having been made aware of the nature and effect of this provision.

PROPERTY DESCRIPTION AND PAYMENT OF PURCHASE PRICE. 3.1 The Purchaser hereby purchases the Property as defined in clause 1.1.4, and the use of parking bay no P (Subject to the final position layout) and an undivided share in the common property in the scheme for a price of R (“the Purchase Price”) (including VAT), payable as follows: 3.1.1 R10 R20 000 (“Deposit”) payable to the Conveyancers within 7 48 (sevenforty-eight) days hours of the Signature Date to be used towards the bond registration costs and the estimated amounts as set out on page 9 10 of this Agreement of Sale. 3.1.2 R (“further cash payment”) payable to the Conveyancers within 48 hours from the bond being granted. Should the bond be granted for less than the purchase price, the balance must be paid to the Conveyancers as per clause 3.1 within 48 hours of the bond being granted; or 3.1.3 R (“bond amount”) or any lesser amount which may be acceptable to the Purchaser, as granted by a Financial Institutionfinancial institution, which Financial Institution financial institution has been approved by Xxxxxx Properties LimitedLimited and Mortage Market. The bond must be granted within 21 (twenty-twenty one) days from the Signature Date, and the guarantees must be furnished to the Seller and/or its Nominee within 3 (three) days after request or such extended period which shall be at the sole discretion of the Seller. 3.2 If the sale is a cash sale, the cash must be transferred to the Conveyancers within 14 (fourteen) days from the Signature Date, alternatively the Purchaser can issue a guarantee within 14 (fourteen) from the Signature Date. Should the Purchaser opt for a guarantee, the Purchaser acknowledges that they are responsible for the costs of issuing and amending/re- issuing all guarantees as requested by Xxxxxx Properties Limited the Seller and/or its Nominee and/or the Conveyancers, in order to meet the requirements of Xxxxxx Properties Limitedthe Seller’s development loan, where applicable. 3.3 IGrow Wealth HomeloansThe Seller and/or its Nominee, whom by virtue of their position and expertise are able to obtain finance for the Purchaser, are hereby appointed by the Purchaser to submit and to process the bond application/s to the relevant Financial Institutionsfinancial institutions. 3.4 The Purchaser acknowledges that all applications for the bond will be submitted by IGrow Wealth Homeloans the Seller and/or its Nominee to the Financial Institutions and Consultants approved by IGrow Wealth Homeloans onlyfinancial institutions on behalf of the Purchaser. The Purchaser shall furnish all necessary information and documentation to the Seller and/or its Nominee and sign all necessary documents within 7 (seven) days of the Signature Date. 3.5 The Seller shall be liable for the bond costs on condition that IGrow Wealth Homeloans the Seller and/or Nominee submits the bond application, application and the authorised attorneys attorneys, approved of by the Seller, are instructed in relation to the bondbond registration. 3.6 The Deposit and any other payments received in respect of the Purchase Price shall be paid into the Conveyancer’s trust account and invested by the Conveyancer as trust monies in an interest-bearing account in the name of the Purchaser in terms of Section 86(4) of the Legal Practice Act No. 28 of 2014 (“LPA”). All interest earned in respect of any payments (less the Conveyancer’s fees in respect of the administration of the investment and such deductions as are required to made on account of the LPA) shall accrue for the benefit of the Purchaser and shall be paid to the Purchaser by the Conveyancer within 2 (two) business days from the date of registration. On the date of registration, the deposit and any other monies received in respect of the Purchase Price shall be paid to the Seller. The Conveyancer shall only be able to invest the monies paid to the Conveyancer upon (1) delivery of the documentation to the Conveyancer required to be provided in terms of the Financial Intelligence Centre Act, 38 of 2001 and (2) signature of such documentation as may be required by the Conveyancer (or the investing bank) to enable the Conveyancer to invest the monies and comply with the investing bank’s investment requirements. By initialling hereunder, hereunder the Purchaser acknowledges having been made aware of the nature and effect of this provision.

PROPERTY DESCRIPTION AND PAYMENT OF PURCHASE PRICE. 3.1 The Purchaser hereby purchases the Property as defined in clause 1.1.4, and the use of parking bay no P (Subject to the final position layout) and an undivided share in the common property in the scheme for a price of R (“the Purchase Price”) (including VAT), payable as follows: 3.1.1 R10 000 (“Deposit”) payable to the Conveyancers within 7 48 (sevenforty-eight) days hours of the Signature Date to be used towards the bond registration costs and the estimated amounts as set out on page 9 10 of this Agreement of Sale. 3.1.2 R (“further cash payment”) payable to the Conveyancers within 48 hours from the bond being granted. Initial Should the bond be granted for less than the purchase price, the balance must be paid to the Conveyancers as per clause 3.1 within 48 hours of the bond being granted; oror Initial 3.1.3 R (“bond amount”) or any lesser amount which may be acceptable to the Purchaser, as granted by a Financial Institutionfinancial institution, which Financial Institution financial institution has been approved by Xxxxxx Properties LimitedLimited and/or its Nominee. The bond must be granted within 21 (twenty-twenty one) days from the Signature Date, and the guarantees must be furnished to the Seller within and/or its Nominee (Mortgage Market)within 3 (three) days after request or such extended period which shall be at the sole discretion of the Seller. 3.2 If the sale is a cash sale, the cash must be transferred to the Conveyancers within 14 (fourteen) days from the Signature Date, alternatively the Purchaser can issue a guarantee within 14 (fourteen) from the Signature Date. Should the Purchaser opt for a guarantee, the Purchaser acknowledges that they are responsible for the costs of issuing and amending/re- issuing all guarantees as requested by Xxxxxx Properties Limited the Seller and/or its Nominee and/or the Conveyancers, in order to meet the requirements of Xxxxxx Properties Limitedthe Seller’s development loan, where applicable. 3.3 IGrow Wealth HomeloansThe Seller and/or its Nominee, whom by virtue of their position and expertise are able to obtain finance for the Purchaser, are hereby appointed by the Purchaser to submit and to process the bond application/s to the relevant Financial Institutionsfinancial institutions. 3.4 The Purchaser acknowledges that all applications for the bond will be submitted by IGrow Wealth Homeloans the Seller and/or its Nominee to the Financial Institutions and Consultants approved by IGrow Wealth Homeloans onlyfinancial institutions on behalf of the Purchaser. The Purchaser shall furnish all necessary information and documentation to the Seller and/or its Nominee and sign all necessary documents within 7 (seven) days of the Signature Date. 3.5 The Seller shall be liable for the bond costs on condition that IGrow Wealth Homeloans the Seller and/or Nominee submits the bond application, application and the authorised attorneys attorneys, approved of by the Seller, are instructed in relation to the bondbond registration. 3.6 The Deposit and any other payments received in respect of the Purchase Price shall be paid into the Conveyancer’s trust account and invested by the Conveyancer as trust monies in an interest-bearing account in the name of the Purchaser in terms of Section 86(4) of the Legal Practice Act No. 28 of 2014 (“LPA”). All interest earned in respect of any payments (less the Conveyancer’s fees in respect of the administration of the investment and such deductions as are required to made on account of the LPA) shall accrue for the benefit of the Purchaser and shall be paid to the Purchaser by the Conveyancer within 2 (two) business days from the date of registration. On the date of registration, the deposit and any other monies received in respect of the Purchase Price shall be paid to the Seller. The Conveyancer shall only be able to invest the monies paid to the Conveyancer upon (1) delivery of the documentation to the Conveyancer required to be provided in terms of the Financial Intelligence Centre Act, 38 of 2001 and (2) signature of such documentation as may be required by the Conveyancer (or the investing bank) to enable the Conveyancer to invest the monies and comply with the investing bank’s investment requirements. By initialling hereunder, hereunder the Purchaser acknowledges having been made aware of the nature and effect of this provision.