Blog Post

Selling property? Watch your wording!

Selling property? Watch your wording!

When you agree on a sale, ensure that your agreement is both clear and comprehensive – or risk the pitfalls of litigation.

A case recently before the High Court (on appeal from a District Magistrates Court) involved the sale of a furnished apartment, which the buyer intended to let out as holiday accommodation.  A clause in the sale agreement provided that all furniture and crockery in the apartment was included in the sale at a cost of R80,000, but no inventory of the movables was attached to the agreement.

[ad name=”goldschmidt inline post”]

Subsequently the seller prepared an inventory, which the buyer signed under the impression that it listed the entire contents of the apartment at date of sale.  It didn’t – and the seller was found to have removed several items of furniture subsequent to the sale.

Read more …

Source: Ashersons Attorneys >> Selling your property?…