TRANSFER AND TRANSFER COSTS. 6.1 Transfer of the PROPERTY shall be effected by the SELLER'S conveyancers THEUNISSEN, LOUW & PARTNERS within a reasonable time after the PURCHASER has complied with the terms of clause 4 hereof and made payment to the SELLER'S conveyancers of transfer duty, revenue stamps and all other costs of transfer and matters incidental thereto, for all of which the PURCHASER shall be liable and obliged to make provision on demand.
6.2 The parties hereby undertake to immediately upon written request by the conveyancers, to sign all documents and do all that is necessary, which in the opinion of the conveyancers may be necessary to effect registration of transfer of the property in the name of the PURCHASER and to give effect to the provisions of the agreement.
6.3 The PURCHASER undertakes within 10 (ten) days of request to deliver/furnish to the conveyancers such documents/information as may be required to procure compliance with any of the provisions of this transaction or any applicable legislation.
6.4 The PURCHASER acknowledges that he is aware of the fact that he is liable to pay transfer duty within 6 (six) months from date of acceptance hereof, from which date penalties at a rate of 10% (ten per centrum) per annum on the amount of the transfer duty, will be levied in terms of the Transfer Duty Xxx 0000, Act no. 14 of 1993. In order not to pay any penalties on transfer duty, the PURCHASER is entitled to pay the transfer duty before expiration of the period of 6 (six) months to the Receiver of Revenue, Windhoek, or to the Conveyancers effecting the transfer, and request them to deposit same with the Receiver of Revenue. Although the Conveyancers will endeavour to notify the PURCHASER timeously of such payment, the PURCHASER hereby indemnify them and the SELLER against any claims that might arise there from.
TRANSFER AND TRANSFER COSTS. 9.1 Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date.
9.2 In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 (Two)% calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date.
9.3 The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.28 of this Agreement. INITIAL
9.4 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising the Development, is not fully completed on the date that transfer is tendered to him.
9.5 The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.
TRANSFER AND TRANSFER COSTS. 9.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date.
9.2. In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2% (Two) calculated on the Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date.
9.3. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property, the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.29 of this Agreement..
9.4. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.
TRANSFER AND TRANSFER COSTS. 12.1 Provided the Purchaser has complied with all its obligations as set out in this Contract, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser on the Transfer Date, or as soon as reasonably possible after the Completion Date.
12.2 In the event that registration of transfer of the Property is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest which shall be equivalent to interest on the Purchase Price at the Prime Overdraft Rate plus 2% (TWO PERCENT) calculated from the date on which the transfer would, but for such delay, otherwise have been registered up to the date of actual registration of transfer. For this purpose, the determination of the Conveyancers of the date on which transfer of the Property would, but for the delay, have been registered will be final and binding on the Parties. The Conveyancers will make such determination as an expert not an arbitrator. Any attempt by the Purchaser to delay or frustrate the registration of transfer or, where applicable, a mortgage bond, shall be deemed a material breach of this Contract.
12.3 The Purchaser shall, once the Architect has issued the Completion Certificate in respect of the Property, not be entitled to delay or refuse to take transfer or to pay the balance of the Purchase Price in respect of the Property by reason of any alleged defect therein or by reason of the fact that any part of the Building or Scheme has not yet been fully completed.
12.4 The Purchase Price includes VAT, and there will be no transfer duty payable by the Purchaser. The professional costs of transfer will be paid by the Seller. All costs, professional fees and expenses inherent in applying for or registering a mortgage bond will be for the account of the Purchaser in full.
12.5 The Purchaser will sign all documents necessary to effect transfer of the Property and return same and all other documents, resolutions, consents, applications and/or certificates as determined by the Conveyancers to the Conveyancers within 10 (TEN) days after having been requested to do so. Likewise, the Purchaser shall sign all relevant documents required to register the mortgage bond should this sale be subject to a suspensive condition in terms of clause 23 and Item 13 of the Information Schedule. The Parties agree that should the Purchaser fail to deliver any of the aforesaid documents within the aforesaid period, the Purchaser will be in ma...
TRANSFER AND TRANSFER COSTS. 8.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and, specifically, has paid the Deposit, delivered the guarantee referred to in Clause 5 above and paid Occupational Interest, Interim Levies, Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date.
TRANSFER AND TRANSFER COSTS. 8.1 Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5 above and paid any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date.
8.2 The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property, the bond will be registered by the Bond Attorneys and the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee.
8.3 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising the Development, is not fully completed on the date that transfer is tendered to him.
8.4 The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions.
TRANSFER AND TRANSFER COSTS. 8.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid Occupational Interest, Interim Levies, Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date.
8.2. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property, the bond will be registered by the Bond Attorneys and the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee.
8.3. The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any of the Sections in or portion of the Building, or any portion of the Common Property, are not fully completed on the date that transfer is tendered to him.
8.4. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions as well as the opening of the Sectional Title Register for the Development in the Cape Town Deeds Registry.
TRANSFER AND TRANSFER COSTS. 3.1 You agree that you will pay all costs required to be paid by the relevant authorities, upon registering the transfer of the Property into your name, including transfer duty, stamp duty (if any), survey charges (if any), the cost of registration of any bond referred to in this Agreement and the costs of obtaining a clearance certificate.
3.2 The transfer of the Property shall be effected by Xxxxxxx Xxxx Attorneys and all costs of transfer shall be paid by the Purchaser, upon request by or on behalf of us by the Conveyancer.
3.3 The transfer duty for the Property to be transferred from us to you, is payable to the Receiver of Revenue within the period stipulated, in the Transfer Duty Act, and should you fail to make payment within the stipulated time, penalties will be charged by the Receiver of Revenue to you. Any amount payable in respect of such penalty change shall be borne by you and payable on written notice by us to you.
3.4 Both parties agree that we will immediately sign any and all documents, in connection with the transfer of the Property from us to you, when asked by the Conveyancer.
TRANSFER AND TRANSFER COSTS.
8.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit and delivered the guarantee referred to in Clause 5.1.2, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date.
8.2. In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 (Two) % calculated on the Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered up to the Transfer Date.
8.3. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.22 of this Agreement.
8.4. The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that improvements of any of the xxxxx comprising the Development, or any portion of the Common Property, are not fully completed on the date that transfer is tendered to him.
8.5. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions as well as the opening of the Township Register for the Development in the Cape Town Deeds Registry.
TRANSFER AND TRANSFER COSTS. 10.1. Transfer shall be passed by the Conveyancer and shall be given and taken as soon as reasonably possible after the fulfilment of the suspensive condition contained herein and the Purchaser having complied with all his/her/its obligations in terms of this Agreement.
10.2. The Purchaser shall on demand by the Conveyancers, pay to the Conveyancers such costs as are called for by the Conveyancers from time to time.
10.3. Due to the fact that the sale is not subject to transfer duty and no transfer duty will be payable, the Purchaser irrevocably authorises the attorneys to sign declarations to the Receiver of Revenue for purposes of obtaining a Transfer Duty exemption certificate.
10.4. The Purchaser shall accept transfer of the Property/s subject to all conditions, rules and servitudes benefiting or burdening the Property, the land and the Development Scheme whatsoever, irrespective of whether they exist at time of signature of this Agreement by the Purchaser or whether they are imposed by any competent authority. Seller(s) Initial Purchaser(s) Initials Witnesses Initial
10.5. The Seller records that he shall obtain a rates clearance certificate from the local authority in respect of the Property in terms of section 118(3) of the Municipal Systems Act 32 of 2000. The Seller warrants that when obtaining the rates clearance certificate from the local authority, he shall affect payment of the full debt due to the local authority and shall not limit this to the two years preceding the application for rates clearance figures in terms of Section 118(1) of the Municipal Systems Act 32 of 2000.
10.6. The Purchaser will be required to furnish all information, documentation and sign all transfer and bond registration documents within 7 (seven) days of being requested to do so, as well as secure any further deposit within 48 hours.
