Document background
The Real Estate Contract Form is a fundamental legal instrument used in South African property transactions, essential for both residential and commercial property transfers. This document is required whenever immovable property is bought or sold in South Africa, ensuring compliance with the Alienation of Land Act 68 of 1981 and other relevant legislation. The contract form includes mandatory provisions for property description, price, payment terms, and transfer procedures, while allowing flexibility for specific conditions and requirements. It serves as the primary agreement between parties in property transactions, forming the basis for the transfer process and subsequent registration at the Deeds Office.
