- The seller could be in arrears on the installments of the existing bond, and could have difficulty in coming up with the money.
- Either/both the buyer and seller could disclose insufficient or incorrect essential information.
- Any of the parties involved could delay the provision of documentation, guarantees, certificates, employee subsidy documents and so on, on time.
- A delay in signatures and/or payments of conveyancing documents/costs.
- Delay by the buyer in obtaining government capital subsidy approval/employee subsidy documents for new bondholders and failure to comply with other requirements of the bank.
- Special consents in terms of the title deed may need to be obtained.
Article Written by Marie Van Coller
Marie Van Coller Attorneys & Conveyancers
+27 011 318 1921
+27 086 655 1489