Sale of Land in Instalments - with an agent involved
Sale of Land in Instalments - with an agent involved

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Sale of Land in Instalments - with an agent involved

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Instalment sale agreement, with estate agent's commission, sets out property transfer and payment terms for buyer purchasing from seller. Download Preview.

  • Flexible payment terms
  • Provides for agent's commission
  • Enables property ownership
  • Reduces financial burden.

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SALE OF LAND IN INSTALMENTS AGREEMENT

With Agent involvement

Summary A Sale of Land in Instalments Agreement is used where the purchaser of a property pays the sale price off in instalments to the seller, as opposed to obtaining a mortgage bond from a financial institution. This agreement sets out the basis on which the property will be transferred, and the terms of payment to the seller.

This Sale of Land in Instalments Agreement provides for estate agent’s commission payments. If there is no estate agent involved, then view our Sale of Land in Instalments with no agent involved.

Where the seller intends to purchase the property for cash, or plans to use finance obtained under a mortgage bond, then you will need an Offer to Purchase (Sale of Land).

Who should use this Sale of Land Contract? A property owner and purchaser of the property may use an Agreement to negotiate and specify the details of the sale of property and the payment of the instalments to the seller.

What does the template Sale Agreement say? The Agreement covers the following issues: parties; purchase and sale; purchase price; occupation; costs; suspensive conditions; registration and transfer; possession, risk and benefits; liability; company or close corporation; default; cooling off period; general; agent’s commission; special conditions; signatures.

What does the Sale of Land in Instalments look like? The Agreement can be printed onto fifteen pages.

What do you need to do to use the Sale of Land in Instalments?

  • Read the document to ensure that it suits your requirements. Make changes as required.
  • Complete the relevant details in the agreement.
  • Ensure that the agreement is signed by the Seller and Purchaser.
  • Once the Agreement is completed and signed, give the document to the Conveyancers to register the sale.

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