Your Property Sale Agreement: Be Careful How It’s Worded!

Your Property Sale Agreement: Be Careful How It’s Worded!

Here’s yet another reminder from our courts on how important it is – if you want to avoid the trials of litigation - for you to have your property sale agreement drawn up professionally.  One thing it must do, as the case in question clearly shows, is record the terms of your agreement precisely and without any room for argument. This High Court case in Phepeng and Another v Estate Late Ame Combrinck and Others (792/2017) [2017] ZAFSHC 54 revolved around a “bond clause” in a sale agreement.  A bond clause is a standard protection for any buyer who needs finance…
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