Whatshot

2026
All
September
2025
All
November
All
2024
All
June
All
April
All
2023
All
March
All
2022
All
2021
All
2020
All
March
All
February
All
2019
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2018
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2017
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2016
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2015
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
DHS
April
All
March
All
February
All
January
All
2014
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
KZN
May
All
April
All
March
All
February
All
January
All
2013
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2012
All
December
All
November
All
October
All
September
All
August
All
July
All

What makes a property sale contract valid

What makes a property sale contract valid

Author: Pranil Maharaj
Date: 2017-06-02

For an agreement to be considered a legally binding document, there are some key aspects that need to be in place, such as the fact that it must be a written document that is signed by both parties.

The agreement also needs to be made between two parties who have the legal contractual capacity to enter into such agreements. The parties involved, which in the case of an Offer to Purchase are the buyer and seller, need to reach consensus to enter into the agreement.

The agreement must also contain the name of each party, the agreed-upon purchase price and the subject of the sale, which would be the immovable property in a property transaction.

It is not necessary for the contract of sale to be embodied in one document - it can comprise two, namely the written, signed offer and the written, signed acceptance. However, if the contract has been split into two documents, each document must make reference to the other.

A valid contract provides protection to both the seller and the buyer. Having a written contract in place ensures that each party understands what is expected of them, and reduces the chance of disputes or misunderstandings further down the road.