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Vacant Land Sale – Commercial. No Agent

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Direct sale of empty Commercial land made between seller and buyer without agent.

Benefits:

  1. Flexibility in negotiations.
  2. Lower overall transaction costs.
  3. Direct communication with Buyer.

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Commercial Agreement of Sale of Vacant Land Without agent involvement

Summary A property owner may consider using this Agreement of Sale when selling Commercial Vacant land to a buyer.

Note: you may wish to obtain the buyer’s details and conduct a background check before finalising the Sales Agreement. The Buyer Application Form may be used for this purpose.

What does the Commercial Agreement of Sale of Vacant Land

  • say? The Commercial Agreement of Sale of Vacant land consists of; the details of both the Buyer and the Seller
  • the Description of the Property
  • which is being purchased
  • Purchase price and how that will be payable
  • Financing
  • Sale of purchaser’s current property
  • Continued marketing of the property
  • Transfer and Costs
  • Occupation
  • Risk
  • Sevitudes
  • Rates and Levies
  • Delay
  • Voetstoots
  • Acknowledgements by the Seller and Purchaser
  • Cooling-off
  • Breach
  • Companies/ Close Corporation/ Trust/ Multiple Purchasers
  • Domicile of the Purchaser and Seller
  • Electrical-
  • Gas- and Electrical Fence Certificates
  • Alien and Invasive Plant Species
  • Warrantees and Undertakings
  • Sectional Title Property
  • Member of Home Owners Association
  • Jurisdiction
  • Whole Agreement
  • Declaration by the Seller regarding the condition of the property
  • Sold Sign
  • POPIA Clause; Consumer Protection Act

What does the Commercial Agreement of Sale of Vacant Land look like? The template Commercial Sales Agreement of Vacant land can be printed onto eighteen pages.

What do you need to do to use this standard Commercial Agreement of Sale of Vacant Land?

  • Complete the relevant details in the sample Sale contract.
  • Read the document to ensure that it suits your requirements. Make changes as required.
  • Ensure that the Sales Agreement is signed by both the seller and the buyer.

Also known as: Sales Agreement; Offer to Purchase Vacant Land; Property Sales Agreement; Sales Contract; Terms of Sale; Sale Terms and Conditions; Sale of Property Agreement Commercial vacant land sale agreement excluding agent, South Africa

When to use this commercial vacant land sale agreement

This version is for the private sale of commercial vacant land, where no estate agent is involved and no commission is payable.

Because there are no buildings on the property, the terms that matter most are the description of the land, zoning and permitted use, what happens with municipal charges, and the date transfer is expected.

Who this template is for

Sellers and buyers dealing directly with each other on commercial vacant land, without an agent in the middle.

What you get

  • An editable document in Microsoft Word, plus a PDF copy
  • Wording drafted and reviewed by a lawyer
  • Clauses covering purchase price, deposit, suspensive conditions and transfer
  • No agent commission clause, since this is a private sale
  • Instant download after purchase

How to complete it

  • Read the document in full before filling anything in
  • Describe the erf number, extent and zoning exactly as they appear on the title deed
  • Fill in the price, deposit, and any conditions the sale depends on
  • Both parties sign, and the signed agreement goes to the conveyancer

Good to know

This is a template for you to adapt, not legal advice on your transaction. A sale of land in South Africa must be in writing and signed by both parties under the Alienation of Land Act, and transfer is handled by a conveyancer, so have an attorney review your final wording before anyone signs.

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