Fillable Form 1.: RESERVATION AGREEMENT (Law for All South Africa)

Fill Online, Printable, Fillable, Blank Form 1.: RESERVATION AGREEMENT (Law for All South Africa) Form

Use Fill to complete blank online LAW FOR ALL SOUTH AFRICA pdf forms for free. Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable.

Form 1.: RESERVATION AGREEMENT (Law for All South Africa)

On average this form takes 41 minutes to complete

The Form 1.: RESERVATION AGREEMENT (Law for All South Africa) form is 7 pages long and contains:

  • 11 signatures
  • 2 check-boxes
  • 118 other fields

Country of origin: SOUTH-AFRICA
File type: PDF

Use our library of forms to quickly fill and sign your Law for All South Africa forms online.

BROWSE LAW FOR ALL SOUTH AFRICA FORMS

Related forms
Fill has a huge library of thousands of forms all set up to be filled in easily and signed.
Fill in your chosen form
Sign the form using our drawing tool
Send to someone else to fill in and sign.
find another form
 
Initial
RESERVATION AGREEMENT
(Immovable property)
1. PURCHASER
Entity Purchasing property
CONTACT DETAILS OF PURCHASER(S) (*Mandatory)
Full names
1.
2.
Identity Number
1.
2.
Physical Address of purchaser(s)
Contact Cell number
1.
2.
Contact e-mail address
1.
2.
Do you have at least 10-20% Deposit
Yes No
Accountant Details:
Name: Tel: Email:
*TAX / VAT NUMBER:
Marital Status
Single
Married
In COP ANC
Purchaser
Employed Self-Employed
IF SELF-EMPLOYED
Latest 2 years signed financials
Yes No
Latest Management Accounts not older
than 2 months
Yes
No
IF TRUST/COMPANY
Trust/Company Name
Registration number
Is the Trust/Company trading
Yes
No
(hereinafter referred to as the "Purchaser")
-
click to sign
signature
click to edit
Initial
2. PROPERTY DESCRIPTION
SECTION Number (s) as per 'A' attached hereto.
(hereinafter referred to as the "Property").
3. RESERVATION
3.1 The parties hereby agree that the reservation is subject to PURCHASER signing and
presenting SELLER with a complete offer to purchase and that this reservation
agreement will not be deemed to be the official documentation to secure the purchase
and that further terms and conditions of the sale will be as depicted within the official
agreement of sale.
3.2 PURCHASER hereby confirms that he/she was introduced to the Property by IGrow
Wealth Investments (Pty) Ltd (Tel: 0219792501)
4.
4.1
4.2
4.3
4.4
4.5
OBLIGATIONS OF THE PURCHASER
PURCHASER must pay a Reservation Deposit in the amount as specified in
schedule ‘A’ attached hereto (hereinafter referred to as the "Reservation Deposit(s) ")
into the trust account of the transferring attorney(s).
PURCHASER must sign the said Agreement of Sale(s), without any amendments /
rectifications and present same to IGrow Wealth Investments (Pty) Ltd to present to
SELLER(s) within 24 hours from the date of receipt of the Agreement of Sale(s)
which IGrow Wealth Investments will provide to PURCHASER.
PURCHASER is further made aware that SELLER can only accept a reservation
upon receipt of a written offer from PURCHASER and that any reservation deposit(s)
paid does not constitute to a formal reservation of the purchase.
The reservation deposit(s) will be considered to be a part payment of the purchase
price and refundable should PURCHASER not obtain the required financing, as
provided for in the said Agreement of Sale. In the event where PURCHASER has
received a 100% financing through a financial institution, the reservation deposit(s)
will be refunded to the Purchaser on date of registration of the Property.
On fulfilment of the above, the PURCHASER has a further 3 (Three) business days
to deliver all documents requested by the IGrow Wealth Home Loans for the
purpose of finalisation of the bond application(s), failing to do so, SELLER has the
right to immediately cancel the reservation(s) and refund the PURCHASERS’
deposit(s) and make the property available to the next purchaser on the waiting list.
click to sign
signature
click to edit
Initial
4.6
4.7
5.
5.1
5.2
5.3
It is mutually agreed that the reservation deposit(s) is/are refundable by the
transferring attorney(s) to PURCHASER, should the PURCHASER not obtain bond
financing due to circumstances outside of his/her/their control and the transaction is
cancelled, as provided for in the said Agreement of Sale(s).
PURCHASER is made aware that should the offer be accepted by SELLER, and
PURCHASER defaults in any manner on any terms of the agreement(s), the
reservation deposit(s) will be non-refundable.
PURCHASER further agrees hereto that IGrow Wealth Homeloans will be appointed
as bond originator where the deed of sale is subject to obtaining a bond to be
registered.
PAYMENT OF THE RESERVATION DEPOSIT
The parties hereby agree that the Reservation Deposit will be paid to the Transferring
Attorneys attending to that particular’s development transfer.
Payment confirmation, which must clearly state the reference number of PURCHASER
concerned, has been delivered to IGrow Wealth Investments (Pty) Ltd. The
Reservation Deposit must be paid into the trust account of the Transferring
Attorneys:
6. COOLING-OFF IN TERMS OF THE CPA
If the Property was introduced to PURCHASER by means of Direct Marketing, then
and in that instance, PURCHASER may rescind this Agreement without reason or
penalty, by giving written notice, or another recorded manner and form, to SELLER,
within 5 (Five) Business Days after the date of signature hereof by PURCHASER.
7. CONFIRMATION BY THE PURCHASER IN TERMS OF THE CPA
PURCHASER confirms that:
7.1
7.2
7.3
7.4
he/she has read this Agreement and understands the contents thereof
YES NO
that the Property was not introduced to him/her by means of Direct Marketing
YES NO
that he/she is aware and understands his/her right to the cooling-off period after Direct
Marketing
YES NO
PURCHASER is a juristic person (Company, Close Corporation, Trust, Partnership,
etc.)
YES NO
4.8
click to sign
signature
click to edit
Initial
7.6 PURCHASER is acquiring the property for the following use:
Primary Residence YES NO
Buy to let (Investment)
YES NO
7.7 PIP (Prominent Influential Person) QUESTIONS:
Are you, or anyone connected to the entity, a public official in a position of authority?
YES NO
Are you, or anyone connected to the entity, related or associated to a public official in
a position of authority?
YES NO
8. ADDRESS FOR NOTICE AND SERVICE OF LEGAL DOCUMENTS
The parties hereby choose their addresses for notice and service of legal documents
for all purpose of this Agreement, at the addresses referred to above in Clause 1 of
this Agreement.
9. WHOLE AGREEMENT
This agreement contains the sole and entire record of the reservation of the property
listed in clause 2 between the parties.
SIGNED at _________________________ on ______________________ 20 ____.
AS WITNESSES:
1. ______________________
2. ______________________ __________________________
AGENT'S NAME:
CONTACT NUMBER:
PURCHASER
IGROW WEALTH INVESTMENTS
021 979 2501 / E-MAIL: info@igrow.co.za
IF “YES” WAS CIRCLES ON ANY OF THE ABOVE QUESTIONS, PLEASE
ANSWER THE FOLLOWING:
What is the nature of relationship or association?
If other, please specify: ________________________
if the answer in clause 7.4 above is yes, it’s annual turnover or asset value is more
than R2 000 000.00 (Two Million Rand), as on the Signature Date (not applicable if
PURCHASER is a natural person)
7.5
YES NO
-
click to sign
signature
click to edit
click to sign
signature
click to edit
click to sign
signature
click to edit
click to sign
signature
click to edit
Initial
SCHEDULE ‘A’
Development
Section
Reservation deposit amount
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
click to sign
signature
click to edit
The Financial Intelligence Centre Amendment Act (FICAA) information required.
In terms of FICAA, the following important information is required: (please complete, here)
Source of Funds (SOF)
How funds were deposited (ie: EFT,
Cash, Cheque, Guarantee)
Source of Wealth (SOW)
What made the client wealthy (ie:
Inheritance, Pension, Sale of Shares,
etc).
Source of Income (SOI)
Clients employment Status (ie: Retired,
Salary, Self-Employed, Unemployed,
Student, etc).
Standard Occupation Codes (SOC)
Clients occupation (ie: Attorney,
Accountant, Doctor, etc).
Standard Industry Classification (SIC)
(Law, Financial, Medical, etc)
Country of Trade / Invested with
South Africa (unless specified otherwise).
Activity Jurisdiction
South Africa (unless specified otherwise).
Clients e-mail address
Kindly note, that banks will not invest your funds without this form completed and signed.
In addition, IGrow nor the transferring attorneys cannot be held liable for any loss of interest,
until all the necessary FICA information is obtained.
1.
Purchaser 1 (or representative) Witness 1
2.
Purchaser 2 (if applicable) Witness 2
If other, please specify:
If other, please specify:
If other, please specify:
If other, please specify:
If other, please specify:
-
-
-
-
-
click to sign
signature
click to edit
click to sign
signature
click to edit
1
ANNEXURE B – Consent Form
I, the undersigned
[Insert consumer’s full name and surname]
Identity Number
I do hereby appoint
IGrow Homeloans
(“my Representative”) to be my lawful
representative and agent in my name, place and stead, to obtain a copy of my personal credit report (“PCR”)
from Registered Credit Bureau (Pty) Ltd, to be used solely for the following purposes – (a) providing me with
advice or assistance with managing my credit, by having reference to the content of my PCR; (b) challenging
the accuracy of information contained on my PCR; and (c) investigating information held on me by the
registered credit bureau.
I consent to the Registered Credit Bureau releasing a copy of my PCR in PDF or XML format to my
Representative and to my Representative having sight of the content of my PCR for the above purpose.
Furthermore, I consent to my Representative providing all personal information provided by me to it in
relation to accessing my PCR to the registered credit bureau for purposes of updating my credit record.
My Representative may request my PCR from the registered credit bureau on condition that s/he undertakes:
(a) not to store, host, retain, resell, on-sell or make available my PCR to any third party or agent, or use my
PCR to compile any other databases; (b) not to amend or add any information on my PCR or deal with my
PCR in contravention of any applicable laws; (c) not to use any information contained on my PCR for any
other reason, save that set out in clause (a) to (c) above; (d) to destroy my PCR immediately after it has
served the purpose for which it was obtained on my behalf; (e) to provide to Registered Credit Bureau with
the name of all persons who will have access to my PCR for as long as it’s in my Representative’s possession,
before it is destroyed.
I am aware that I am entitled to one free PCR per year from any registered credit bureau and that I can
obtain my free PCR by contacting the credit bureau directly, either telephonically, by way of email, fax or
attending on the office of the credit bureau in person. I am aware that I have the right to challenge the
accuracy of any information contained on my PCR directly with a credit bureau. Attached to this is a
Consent Form and a copy of my ID document. I confirm that the information furnished herein to the
registered credit bureau is true and correct.
Signed at on this day of
Consumer / Client Signature:
click to sign
signature
click to edit
Download
Save PDF to desktop
Email
Email completed PDF
Send for Signing
Email for others to sign
Print
Print document
Choose a Field
Click on a field and
select the person that should complete it
Want to add a signature?
You can add a signature field
and assign it to someone else
to sign
Choose a Field
Click on a field and
select the person that should complete it

Form 1.: RESERVATION AGREEMENT (Law for All South Africa)

This document is locked as it has been sent for signing.

You have successfully completed this document.

Other parties need to complete fields in the document. You will recieve an email notification when the document has been completed by all parties.

This document has been signed by all parties.

Completed 17 December 2021

Message

View Audit Log
Print With Audit Log
Duplicate Document