Commercial Agreement of Sale of Vacant Land With agent involvement
Summary An estate agent acting on behalf of a property owner may consider using this Agreement of Sale when selling Commercial Vacant Land to a buyer. This Commercial Agreement of Sale provides for the estate agent’s commission payments.
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.
The agreement also covers 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 nineteen 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 
When to use this commercial vacant land sale agreement
This version is for the sale of commercial vacant land where an estate agent is involved and earns commission on the deal.
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 of commercial vacant land, and the estate agents handling the sale.
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, transfer and agent commission
- 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
- All 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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