Selling property? Watch your wording!
When you agree on a sale, ensure that your agreement is both clear and comprehensive - or risk the pitfalls of litigation. A case recently before the High Court (on appeal from a District Magistrates Court) involved the sale of a furnished apartment, which the buyer intended to let out as holiday accommodation. A clause in the sale agreement provided that all furniture and crockery in the apartment was included in the sale at a cost of R80,000, but no inventory of the movables was attached to the agreement. (more…)
