SUMMER DAYS TRADING 17 (PTY) LIMITED Reg no 2010/011918/07 herein c/o STBB Attorneys, 5 High Street, Rosenpark, Tygervalley, 7536, Tel: 021 943 3800.
(hereinafter referred to as the "Seller")
Entity Purchasing property
CONTACT DETAILS OF PURCHASER(S) (*Mandatory)
Physical Address of purchaser(s)
Contact Cell number
Contact e-mail address
Do you have at least 10-20% Deposit
*TAX / VAT NUMBER:
Latest 2 years signed financials
Latest Management Accounts not older
than 2 months
Is the Trust/Company trading
(hereinafter referred to as the "Purchaser")
2. PROPERTY DESCRIPTION
SECTION Numberin the Development to be known as THE GLEN, situated on Erf 40797, Bellville, Western Cape, Municipality City of Cape Town, in extent approximatelysquare metres.
(hereinafter referred to as the "Property").
3.1 The parties hereby agree that the reservation is subject to PURCHASER signing and presenting SELLER with a complete offer to purchase and that this reservation agreement will not be deemed to be the official documentation to secure the purchase and that further terms and conditions of the sale will be as depicted within the official agreement of sale.
3.2 PURCHASER hereby confirms that he/she was introduced to the Property by IGrow Wealth Investments (Pty) Ltd (Tel: 0219792501)
4. OBLIGATIONS OF THE PURCHASER
4.1 PURCHASER must pay a Reservation Deposit in the amount of R10 000.00 (Ten Thousand Rand) (hereinafter referred to as the "Reservation Deposit") into the trust account of the transferring attorney.
4.2 PURCHASER must sign the said Agreement of Sale, without any amendments / rectifications and present same to IGrow Wealth Investments (Pty) Ltd to present to SELLER within 24 hours from the date of receipt of the Agreement of Sale which IGrow Wealth Investments will provide to PURCHASER.
4.3 PURCHASER is further made aware that SELLER can only accept a reservation upon receipt of a written offer from PURCHASER and that the reservation deposit of R10 000 does not constitute to a formal reservation of the purchase.
4.4 The reservation deposit will be considered to be a part payment of the purchase price and refundable should PURCHASER not obtain the required financing, as provided for in the said Agreement of Sale. In the event where PURCHASER has received a 100% financing through a financial institution, the reservation deposit will be refunded to the Purchaser on date of registration of the Property.
4.5 On fulfilment of the above, the PURCHASER has a further 3 (Three) business days to deliver all documents requested by the IGrow Wealth Homeloans for the purpose of finalisation of the bond application, failing to do so, SELLER has the right to immediately cancel the reservation and refund the PURCHASERS’ deposit and make the property available to the next purchaser on the waiting list.
4.6 It is mutually agreed that the deposit of R10 000,00 (Ten Thousand Rand) is refundable by the transferring attorney to PURCHASER, should the PURCHASER not obtain bond financing due to circumstances outside of his/her/their control and the transaction is cancelled, as provided for in the said Agreement of Sale.
4.7 PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed as bond originator where the deed of sale is subject to obtaining a bond to be registered.
5. PAYMENT OF THE RESERVATION DEPOSIT
5.1 The parties hereby agree that the Reservation Deposit will be paid to the Transferring Attorneys.
5.2 Payment confirmation, which must clearly state the reference number of PURCHASER concerned, has been delivered to IGrow Wealth Investments (Pty) Ltd.
5.3 The Reservation Deposit must be paid into the trust account of the Transferring Attorneys:
6. COOLING-OFF IN TERMS OF THE CPA
If the Property was introduced to PURCHASER by means of Direct Marketing, then and in that instance, PURCHASER may rescind this Agreement without reason or penalty, by giving written notice, or another recorded manner and form, to SELLER, within 5 (Five) Business Days after the date of signature hereof by PURCHASER.
7. CONFIRMATION BY THE PURCHASER IN TERMS OF THE CPA
PURCHASER confirms that:
7.1 he/she has read this Agreement and understands the contents thereof
YES / NO
7.2 that the Property was not introduced to him/her by means of Direct Marketing
YES / NO
7.3 that he/she is aware and understands his/her right to the cooling-off period after Direct Marketing
YES / NO
7.4 PURCHASER is a juristic person (Company, Close Corporation, Trust, Partnership, etc.)
YES / NO
7.5 if the answer in clause7.4 above is yes, it’s annual turnover or asset value is more than R2 000 000.00 (Two Million Rand), as on the Signature Date (not applicable if PURCHASER is a natural person)
YES / NO
7.6 PURCHASER is acquiring the property for the following use:
Primary Residence YES / NO Buy to let (Investment) YES / NO
7.7 PIP (Prominent Influential Person) QUESTIONS:
Are you, or anyone connected to the entity, a public official in a position of authority?
YES / NO
Are you, or anyone connected to the entity, related or associated to a public official in a position of authority?
YES / NO
IF “YES” WAS CIRCLES ON ANY OF THE ABOVE QUESTIONS, PLEASE ANSWER THE FOLLOWING:
What is the nature of relationship or association?
a. Spouse / Partner
b. Son / Daughter
e. Business Partner
f. Other: Please specify:
8. ADDRESS FOR NOTICE AND SERVICE OF LEGAL DOCUMENTS
The parties hereby choose their addresses for notice and service of legal documents for all purpose of this Agreement, at the addresses referred to above in Clause 1 of this Agreement.
9. WHOLE AGREEMENT
This agreement contains the sole and entire record of the reservation of the property listed in clause 2 between the parties.
Section 78(2A) of the Attorneys Act, 1979 (Act No 53 of 1979)
Attorneys, Notaries & Conveyancers
SUMMER DAYS TRADING PROPRIETARY LIMITED REGISTRATION NUMBER 2010/011918/07
Name: Identity Number :
UNITIN A BUILDING CALLED THE GLEN, SITUATED AT BELLVILLE
I, the undersigned,
being the Transferee/s in the abovementioned transaction, hereby confirm my/our instructions to STBB SMITH TABATA BUCHANAN BOYES to invest all funds paid to STBB by me on account of the purchase price, on the basis that:
1. the amount is invested in a trust savings account or other interest-bearing account;
2. the account contains a reference to Section 86(4) of the Legal Practice Act 28 of 2014;
3. the interest which accrues on such investment is to be for the company/close corporation/my benefit and is to be paid to me/us/it, after deducting your professional fee and costs for administering the investment, as soon as possible after the date of registration of the above-mentioned transaction;
4. the capital amount invested is to be paid in accordance with the transferor's instructions on the date of registration of transfer.
5. I am aware of the fact that while the funds are so invested with the said bank, the funds are not protected against a possible liquidation of the said bank.
6. Administration Fee deductions from monthly Gross Interest accrued :
6.1. acknowledge that, in addition to the administration fee due to STBB Smith Tabata Buchanan Boyes stipulated below, the bank is obliged, in terms of Section 86(5)(b) of the Legal Practice Act 28 of 2014 to deduct from the interest earned on the investment an amount equivalent to 5% of such interest and pay this amount to the Fidelity Fund.
6.2. I hereby authorise STBB to deduct from the interest earned an administration fee based on the following sliding scale on the amount/s invested:
- R10 000.00
3,20% per annum
- R20 000.00
1,95% per annum
- R50 000.00
1,45% per annum
- R200 000.00
1,00% per annum
- R500 000.00
0,90% per annum
- R1 000 000.00
0,80% per annum
Amounts in excess of R1 000 000,00 0,50% per annum
7. I/we consent to an EFT (electronic funds transfer) of interest or to the refund of any monies due to me/us, into the below- mentioned bank account: (Proof thereof to be provided to the Conveyancers)
Branch Name & Number:
Type of Account:
8. The Financial Intelligence Centre Amendment Act (FICAA) information required.
In terms of FICAA, the following important information is required: (please complete, here)
Source of Funds (SOF)
How funds were deposited (ie: EFT, Cash, Cheque, Guarantee)
Source of Wealth (SOW)
What made the client wealthy (ie: Inheritance, Pension, Sale of Shares, etc).
Source of Income (SOI)
Clients employment Status (ie: Retired, Salary, Self-Employed, Unemployed, Student, etc).
Kindly note, that banks will not invest your funds without this form completed and signed.
In addition, STBB SMITH TABATA BUCHANAN BOYES cannot be held liable for any loss of interest, until all the necessary FICAA information is obtained.
Identity no/Registration no:
Income tax no:
South African resident (yes/no):
Tel no (incl. area code):
Fax no (incl. area code):
ANNEXURE B – Consent Form
I, the undersigned
[Insert consumer’s full name and surname] Identity Number
I do hereby appoint
(“my Representative”) to be my lawful
representative and agent in my name, place and stead, to obtain a copy of my personal credit report (“PCR”) from Registered Credit Bureau (Pty) Ltd, to be used solely for the following purposes – (a) providing me with advice or assistance with managing my credit, by having reference to the content of my PCR; (b) challenging the accuracy of information contained on my PCR; and (c) investigating information held on me by the registered credit bureau.
I consent to the Registered Credit Bureau releasing a copy of my PCR in PDF or XML format to my Representative and to my Representative having sight of the content of my PCR for the above purpose. Furthermore, I consent to my Representative providing all personal information provided by me to it in relation to accessing my PCR to the registered credit bureau for purposes of updating my credit record.
My Representative may request my PCR from the registered credit bureau on condition that s/he undertakes:
(a) not to store, host, retain, resell, on-sell or make available my PCR to any third party or agent, or use my PCR to compile any other databases; (b) not to amend or add any information on my PCR or deal with my PCR in contravention of any applicable laws; (c) not to use any information contained on my PCR for any other reason, save that set out in clause (a) to (c) above; (d) to destroy my PCR immediately after it has served the purpose for which it was obtained on my behalf; (e) to provide to Registered Credit Bureau with the name of all persons who will have access to my PCR for as long as it’s in my Representative’s possession, before it is destroyed.
I am aware that I am entitled to one free PCR per year from any registered credit bureau and that I can obtain my free PCR by contacting the credit bureau directly, either telephonically, by way of email, fax or attending on the office of the credit bureau in person. I am aware that I have the right to challenge the accuracy of any information contained on my PCR directly with a credit bureau. Attached to this is a Consent Form and a copy of my ID document. I confirm that the information furnished herein to the registered credit bureau is true and correct.