Property For Sale
An Offer to Purchase (OTP) is a legally binding document that outlines the terms and conditions of a property sale in South Africa. Several key clauses should be clearly understood by both buyers and sellers, as they define the terms of the sale and protect the interests of both parties.
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The voetstoots clause, commonly used in property sale agreements in South Africa, means that the property is sold "as is" or "as it stands."
These factors help properties stand out in a competitive market, leading to faster sales.
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