TRANSFER AND BOND COSTS. 6.1. Registration of transfer of the property shall be effected by the Conveyancers as soon as reasonably possible after the payment of the purchase price of the property and/or guarantees have been issued as contemplated in clause 3.2.3 above. 6.2. The Seller shall pay - 6.2.1. all costs to effect registration of transfer of the property into the name of the Purchaser; and 6.2.2. all costs relating to the registration of any bond over the property, provided that the Conveyancers are instructed to attend to the registration of the mortgage bond and that the bond is applied for by the Bond Originator or Agent. 6.3. All costs payable by the Seller as provided in clause 6.2 shall be paid within 7 (seven) days after being requested to do so by the Conveyancers. 6.4. Should any other conveyancer attend to the registration of the mortgage bond or the application is not made on behalf of the Purchaser through the Bond Originator or Agent, the Purchaser shall be liable for all costs relating thereto. 6.5. The Purchaser shall be liable for – 6.5.1. payment of a pro-rata refund to the Seller in respect of rates and taxes payable to the Municipality in advance in order to obtain a clearance certificate for transfer of the property, such pro-rata sum to be calculated from date of occupation; 6.5.2. all administration fees such as financial institution initiation-, valuation- and administrative fees, raised by the Bank granting the bond finance referred to in clause 12.1.2. 6.6. The Purchaser shall, within 7 (seven) days of receiving a written request from the Conveyancers, sign all transfer and/or bond documents and pay any costs for which he may be liable. 6.7. In the event of the Purchaser failing or neglecting to sign the transfer and bond documents and pay all costs for which he may be liable as provided in clauses 6.5 and/or 6.6, he shall, without prejudice of the Seller’s rights as set out in clause 16, be liable to pay to the Seller interest on the total purchase price, calculated as set out in clause 24.
Appears in 4 contracts
Samples: Agreement of Sale, Agreement of Sale, Agreement of Sale
TRANSFER AND BOND COSTS. 6.1. 6.1 Registration of transfer of the property shall be effected by the Conveyancers as soon as reasonably possible after the payment of the purchase price of the property and/or guarantees have been issued as contemplated in clause 3.2.3 above.
6.2. 6.2 The Seller shall pay -
6.2.1. 6.2.1 all costs to effect registration of transfer of the property into the name of the Purchaser; and
6.2.2. 6.2.2 all costs relating to the registration of any bond over the property, provided that the Conveyancers are instructed to attend to the registration of the mortgage bond and that the bond is applied for by the Bond Originator or Agent.
6.3. 6.3 All costs payable by the Seller as provided in clause 6.2 shall be paid within 7 (seven) days after being requested to do so by the Conveyancers.
6.4. 6.4 Should any other conveyancer attend to the registration of the mortgage bond or the application is not made on behalf of the Purchaser through the Bond Originator or Agent, the Purchaser shall be liable for all costs relating thereto.
6.5. 6.5 The Purchaser shall be liable for –
6.5.1. 6.5.1 payment of a pro-rata refund to the Seller in respect of rates and taxes payable to the Municipality in advance in order to obtain a clearance certificate for transfer of the property, such pro-rata sum to be calculated from date of occupation;
6.5.2. 6.5.2 all administration fees such as financial institution initiation-, valuation- and administrative fees, raised by the Bank granting the bond finance referred to in clause 12.1.2.
6.6. 6.6 The Purchaser shall, within 7 (seven) days of receiving a written request from the Conveyancers, sign all transfer and/or bond documents and pay any costs for which he may be liable.
6.7. 6.7 In the event of the Purchaser failing or neglecting to sign the transfer and bond documents and pay all costs for which he may be liable as provided in clauses 6.5 and/or 6.6, he shall, without prejudice of the Seller’s rights as set out in clause 16, be liable to pay to the Seller interest on the total purchase price, calculated as set out in clause 2422.
Appears in 1 contract
Samples: Agreement of Sale
TRANSFER AND BOND COSTS. 6.1. 6.1 Registration of transfer of the property shall be effected by the Conveyancers as soon as reasonably possible after the payment of the purchase price of the property and/or guarantees have been issued as contemplated in clause 3.2.3 above.
6.2. 6.2 The Seller shall pay -
6.2.1. 6.2.1 all costs to effect registration of transfer of the property into the name of the Purchaser; and
6.2.2. 6.2.2 all costs relating to the registration of any bond over the property, provided that the Conveyancers are instructed to attend to the registration of the mortgage bond and that the bond is applied for by the Bond Originator or Agent.
6.3. 6.3 All costs payable by the Seller as provided in clause 6.2 shall be paid within 7 (seven) days after being requested to do so by the Conveyancers.
6.4. 6.4 Should any other conveyancer attend to the registration of the mortgage bond or the application is not made on behalf of the Purchaser through the Bond Originator or Agent, the Purchaser shall be liable for all costs relating thereto.
6.5. 6.5 The Purchaser shall be liable for –
6.5.1. 6.5.1 payment of a pro-rata refund to the Seller in respect of rates and taxes payable to the Municipality in advance in order to obtain a clearance certificate for transfer of the property, such pro-rata sum to be calculated from date of occupation;
6.5.2. 6.5.2 all administration fees such as financial institution initiation-, valuation- and administrative fees, raised by the Bank granting the bond finance referred to in clause 12.1.2.
6.6. 6.6 The Purchaser shall, within 7 (seven) days of receiving a written request from the Conveyancers, sign all transfer and/or bond documents and pay any costs for which he may be liable.
6.7. 6.7 In the event of the Purchaser failing or neglecting to sign the transfer and bond documents and pay all costs for which he may be liable as provided in clauses 6.5 and/or 6.6, he shall, without prejudice of the Seller’s rights as set out in clause 16, be liable to pay to the Seller interest on the total purchase price, calculated as set out in clause 24.
Appears in 1 contract
Samples: Agreement of Sale
TRANSFER AND BOND COSTS. 6.1. 8.1 Registration of transfer of the property unit shall be effected by the Conveyancers as soon as reasonably possible after the payment of the purchase price of the property and/or guarantees have been issued as contemplated in clause 3.2.3 5.2.3 above.
6.2. 8.2 The Seller shall pay -
6.2.1. 8.2.1 all costs to effect registration of transfer of the property unit into the name of the Purchaser; and
6.2.2. 8.2.2 all costs relating to the registration of any bond over the propertyunit, provided that the Conveyancers are instructed to attend to the registration of the mortgage bond and that the bond is applied for by the Bond Originator Mortgage Originators or Agent.
6.3. 8.3 All costs payable by the Seller as provided in clause 6.2 8.2 shall be paid within 7 (seven) days after being requested to do so by the Conveyancers.
6.4. 8.4 Should any other conveyancer attend to the registration of the mortgage bond or the application is not made on behalf of the Purchaser through the Bond Originator Mortgage Originators or Agent, the Purchaser shall be liable for all costs relating thereto.
6.5. 8.5 The Purchaser shall be liable for –
6.5.1. 8.5.1 payment of a pro-rata refund to the Seller sum in respect of rates and taxes payable to the Municipality in advance in order to obtain a clearance certificate for transfer of the propertyErf, such pro-rata sum to be calculated from date of occupation;
6.5.2. 8.5.2 all administration fees such as financial institution initiation-, valuation- and administrative fees, raised by the Bank granting the bond finance referred to in clause 12.1.215.2.1.
6.6. 8.6 The Purchaser shall, within 7 (seven) days of receiving a written request from the Conveyancers, sign all transfer and/or bond documents and pay any costs for which he may be liable.
6.7. 8.7 In the event of the Purchaser failing or neglecting to sign the transfer and bond documents and pay all costs for which he may be liable as provided in clauses 6.5 8.5 and/or 6.68.6, he shall, without prejudice of the Seller’s rights as set out in clause 1619, be liable to pay to the Seller interest on the total purchase price, calculated as set out in clause 2423.
8.8 The Seller intends that transfer of the Unit shall be effected by the conveyancers simultaneously with the opening of the Sectional Title Register.
8.9 Subject to the provisions of the Act, the Purchaser shall not, by reason of any delay in the transfer of the Unit to him due to any cause whatsoever, be entitled to cancel this agreement or to refrain from paying, or to suspend payment of, any amount payable by him in terms hereof or to claim any damages, compensation or any remission of rental from the Seller.
Appears in 1 contract
Samples: Agreement of Sale
