Sale of Land on Instalments Sale Agreement - Contract in Terms of the Alienation of Land Act of 1981 and the National Credit Act of 2005

Sep 16, 2026

Uploaded by Mia

Precedent sale agreement for the instalment sale of land, structured between a Seller and Purchaser and governed by the Alienation of Land Act of 1981 and the National Credit Act of 2005. Includes a schedule for party details, property description, existing mortgage bonds, purchase price, deposit and instalment amounts, interest rate, repayment date, and payment bank account information. Covers transfer and duties, warranties, fixtures and fittings, termination rights, credit bureau requirements, contact details, recording of contract, possession, occupation, insurance, and statements of account.

LanguageEnglish

CategoryForms

FormatPDF

Pages41

Reading Time14 min

AccessFree to download

Definitions

Sale

Purchaser as Trustee for a Company or Close Corporation to be formed

Resolutions

Ownership of the Property and Mortgage Bonds

Fixtures and Fittings

Voetstoots

Title Deeds

Beacons

Electrical Clearance Certificate

Pest Control Certificate

Warranties

Purchase Price

Place of Payment

Withholding Tax

Agent

Rights of the Purchaser

Obligations of the Purchaser

Statement by Purchaser

Joint and Several

Right of Termination by the Purchaser

Credit Bureaux

Contact Details

Destruction

Recording of Contract

Possession and Occupation

Insurance

Statements of Account

Disclaimer This precedent is given to Members in good faith and subject to a disclaimer concerning any possible damages or loss suffered by members or their clients. CONTRACT IN TERMS OF THE ALIENATION OF LAND ACT OF 1981 AND THE NATIONAL CREDIT ACT OF 2005 SALE AGREEMENT between (“the Seller”) and (“the Purchaser”) SCHEDULE | A. | Name of Seller | | | | --- | --- | --- | --- | | B. | Seller's Contact Details | (a) Residential / Business Address
(Physical) | | | | | (b) Domicilium Address (Physical) | | | | | (c) Postal Address | | | | | (d) Telefax No. | ( ) | | | | (e) Telephone No. | ( ) | | | | (f) Email Address | | | C. | Is the Seller a resident of the Republic of South Africa for Income Tax purposes? | | | | D. | Name and Address of the Owner (if not the Seller) | | | | E. | Name of Purchaser | | | | F. | Purchaser's Contact Details | (a) Residential / Registered Address (Physical) | | | | | (b) Domicilium Address (Physical) | | | | | (c) Postal Address | | | | | (d) Telefax No. | ( ) | | | | (e) Telephone No. | ( ) | | | | (f) Email Address | | | G. | Marital Status of Purchaser | | | | | | | --- | --- | --- | --- | --- | --- | --- | | H. | Name and Identity Number of Purchaser's Spouse (if married in community of property) | | | | | | | I . | Description of Property and Extent as per title deed | | | | | | | J. | Physical Address of Property | | | | | | | K. | Existing Mortgage Bonds over the Property | (a) Name of Mortgagee / Bank | | | | | | | | (b) Mortgagee's address and contact details | | | | | | | | (c) Loan Account Number | | | | | | | | (d) Mortgage Bond Number | | | | | | | | (e) Amount of Bond | | | | | | L. | Anticipated Occupation Date | | | | | | | M. | Purchase Price | | | | R | | | | | | | | | | | N. | Payment | (a) | Deposit
| | R
|
| | | | | | | | | | | | (b) | Further Deposit | | R | | | | | (c) | Amount of Each Instalment | | R | | | | | (d) | Due Date of First Instalment | | | | | | | (e) | Due Date of Subsequent Instalments | | day of each month | | | | | (f) Commencing Interest Rate on Outstanding Balance | % per annum | | --- | --- | --- | --- | | | | (g) Date by Which the
balance of the purchase price is to be paid ("Repayment Date") | | | O. | Seller's Bank Account Details (for payment of Instalments) | | | | P. | Name and Address of Estate Agent | | | | Q. | Name of Broker | | | | R. | Estimated Transfer Duty tobe Paid by Purchaser (if applicable) | R | | | S. | Estimated Amount of Annual Rates | | | | T. | Estimated Amount of monthly Levies (if applicable) | | | | U. | Special Conditions | | | CONTENTS Page No Definitions............................................................................................................. 7 Sale .................................................................................................................... 10 Purchaser as Trustee for a Company or Close Corporation to be formed ........ 10 Resolutions ......................................................................................................... 11 Ownership of the Property and Mortgage Bonds ............................................... 11 Fixtures and Fittings ........................................................................................... 15 Voetstoots........................................................................................................... 15 Title Deeds ......................................................................................................... 16 Beacons .............................................................................................................. 16 Electrical Clearance Certificate .......................................................................... 16 Pest Control Certificate .................................

FAQs

Who are the parties to this instalment land sale agreement?

The agreement is between the Seller and the Purchaser, with additional schedule entries for identifying the Purchaser and related details such as contact information.

What payment information is included for instalment sales?

It includes the purchase price, deposit, further deposit, the amount of each instalment, due dates (first and subsequent), the commencing interest rate, and the repayment date by which the balance must be paid.

What topics are covered beyond payment terms?

The contents address property-related legal and practical matters such as ownership and mortgage bonds, fixtures and fittings, title deeds and beacons, warranties, withholding tax, transfer duties, possession and occupation, insurance, and the recording of the contract.

Sep 16, 2026

Uploaded by Mia