Common use of TRANSFER AND BOND COSTS Clause in Contracts

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. 6.5.3. in the event of cancellation of this agreement for any reason except breach of its conditions by the Seller, the costs payable for the following: 6.5.3.1. Plan submission fees in the estimated amount of R2 530,00 6.5.3.2. Architectural fees in the estimated amount of R5 520,00 6.5.3.3. Admin fees in the estimated amount of R1 500.00 6.6. The Purchaser hereby irrevocably instructs the Conveyancers to pay all such costs payable by the Purchaser as provided for in clause 6.5.3 from his deposit as provided for in clause 16.5 to a maximum amount of R10 000,00, within 7 (seven) days after being requested to do so by the Seller. 6.7. 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. 6.8. 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.

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. 6.5.3. in the event of cancellation of this agreement for any reason except breach of its conditions by the Seller, the all costs payable for the following: 6.5.3.1. Plan submission fees in the estimated amount of R2 530,00 6.5.3.2. Architectural fees in the estimated amount of R5 520,00 6.5.3.3. Admin fees in the estimated amount of R1 500.00 6.6. The Purchaser hereby irrevocably instructs the Conveyancers to pay all such costs payable by the Purchaser as provided for in clause 6.5.3 6.5 from his deposit as provided for in clause 16.5 to a maximum amount of R10 000,00, . within 7 (seven) days after being requested to do so by the Seller. 6.7. 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. 6.8. 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.

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. 6.5.3. in the event of cancellation of this agreement for any reason except breach of its conditions Agreement and the Building Contract referred to in clause 11, all wasted costs paid by the Seller, the costs payable Seller for the following: 6.5.3.1. Plan submission fees in the estimated amount of R2 530,00 6.5.3.2. Architectural fees in the estimated amount of R5 520,00 6.5.3.3. Admin fees in the estimated amount of R1 500.00500,00. 6.6. The Purchaser hereby irrevocably instructs the Conveyancers to pay all such costs payable by the Purchaser as provided for in clause 6.5.3 from his deposit as provided for in clause 16.5 to a maximum amount of R10 000,00, within 7 (seven) days after being requested to do so by the Seller. 6.7. 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. 6.8. 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.