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Residential Offer to Purchase Template — South Africa
When you buy or sell residential property in South Africa, the law requires a written, signed agreement under section 2(1) of the Alienation of Land Act 68 of 1981 — oral agreements are unenforceable. Most sales begin with an Offer to Purchase (OTP) signed by the Purchaser and accepted by the Seller; once accepted, the OTP becomes the binding deed of sale that the conveyancer uses to register transfer at the Deeds Office. Our free template generates a comprehensive OTP aligned with the Alienation of Land Act, the Consumer Protection Act 68 of 2008 voetstoots framework, the Property Practitioners Act 22 of 2019 disclosure requirements and FICA 38 of 2001 verification — with optional expert clauses for voetstoots, FICA undertakings, further suspensive conditions, costs allocation, default consequences and custom special conditions.
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OFFER TO PURCHASE — RESIDENTIAL PROPERTY
14 Vilakazi Street, Orlando West, Soweto 1804 · Republic Of South Africa
Erf: Erf 1234
Price: R 1,850,000.00
PURCHASER
Lerato Naidoo Nkosi
SA ID 7203045009088
22 Fredman Drive, Sandton 2196
married in community of property
Phone: +27 82 333 4444
Email: lerato.nkosi@example.co.za
22 Fredman Drive, Sandton 2196
married in community of property
Phone: +27 82 333 4444
Email: lerato.nkosi@example.co.za
SELLER
Pieter van der Merwe
SA ID 6505105009087
7 Oak Avenue, Bryanston 2191
Phone: +27 82 111 2222
Email: pieter@example.co.za
7 Oak Avenue, Bryanston 2191
Phone: +27 82 111 2222
Email: pieter@example.co.za
The Purchaser hereby offers to purchase the property described below from the Seller, on the terms and conditions set out in this Offer to Purchase. This Offer is made in writing as required by section 2(1) of the Alienation of Land Act 68 of 1981, which provides that no alienation of land shall be of any force or effect unless it is contained in a deed of alienation signed by the parties thereto.
1.
PROPERTY
Physical address: 14 Vilakazi Street, Orlando West, Soweto 1804
Erf / Unit: Erf 1234
Township / Scheme: Orlando West Township, Registration Division I.Q., Gauteng
Extent: 450 m²
Title Deed: T 12345/2018
Erf / Unit: Erf 1234
Township / Scheme: Orlando West Township, Registration Division I.Q., Gauteng
Extent: 450 m²
Title Deed: T 12345/2018
2.
PURCHASE PRICE
The purchase price of the Property is R 1,850,000.00 (One Million Eight Hundred and Fifty Thousand Rand), payable as follows:
Deposit: R 185,000.00 (being 10% of the Purchase Price), payable on 15 June 2026 into the trust account of Webber Wentzel Inc. Conveyancing Trust Account, Standard Bank Sandton, account no. 12345678. The deposit shall be invested by the trust account holder on behalf of the parties pending transfer; interest earned shall accrue to the Purchaser.
Balance of purchase price: against registration of transfer of the Property to the Purchaser, secured by an irrevocable bank-guaranteed cheque or bank guarantee delivered to the Conveyancer within 30 days of bond approval (or, where no bond, within 60 days of acceptance).
Deposit: R 185,000.00 (being 10% of the Purchase Price), payable on 15 June 2026 into the trust account of Webber Wentzel Inc. Conveyancing Trust Account, Standard Bank Sandton, account no. 12345678. The deposit shall be invested by the trust account holder on behalf of the parties pending transfer; interest earned shall accrue to the Purchaser.
Balance of purchase price: against registration of transfer of the Property to the Purchaser, secured by an irrevocable bank-guaranteed cheque or bank guarantee delivered to the Conveyancer within 30 days of bond approval (or, where no bond, within 60 days of acceptance).
3.
SUSPENSIVE CONDITION — BOND APPROVAL
This sale is suspensive on the Purchaser obtaining a written grant of a bond / home loan for R 1,665,000.00 (being 90% of the Purchase Price) from a registered South African financial institution within 21 days from acceptance of acceptance of this Offer (the "Bond Approval Window"). The Purchaser undertakes to apply for the bond promptly and to provide all reasonably required documentation. If the Bond Approval Window expires without bond approval, this Agreement lapses automatically unless the parties agree in writing to extend the window. The Purchaser may unilaterally waive this suspensive condition by giving written notice to the Seller (e.g., where Purchaser elects to fund by cash or alternative source).
4.
OCCUPATION, TRANSFER AND RISK
Occupation date: 1 August 2026.
Target transfer date: 30 September 2026 (estimate — actual transfer date depends on Conveyancer's workflow + Deeds Office).
Risk: Risk of loss or damage passes from Seller to Purchaser on TRANSFER of the Property to the Purchaser at the Deeds Office. Until such time, the Seller bears all risk and shall maintain the Property in its current condition.
Occupational rent: If the Purchaser takes occupation before transfer, the Purchaser shall pay occupational rent of R 12,000.00 per month (calculated pro rata for any partial month) from occupation date until date of transfer.
Target transfer date: 30 September 2026 (estimate — actual transfer date depends on Conveyancer's workflow + Deeds Office).
Risk: Risk of loss or damage passes from Seller to Purchaser on TRANSFER of the Property to the Purchaser at the Deeds Office. Until such time, the Seller bears all risk and shall maintain the Property in its current condition.
Occupational rent: If the Purchaser takes occupation before transfer, the Purchaser shall pay occupational rent of R 12,000.00 per month (calculated pro rata for any partial month) from occupation date until date of transfer.
5.
CONVEYANCER
The Seller appoints Webber Wentzel Incorporated, Sandton (attorney: André van Heerden — Notary Public + Conveyancer) as the transferring attorney (Conveyancer) to attend to registration of transfer at the Deeds Office.
6.
VOETSTOOTS AND CONSUMER PROTECTION ACT
The Property is sold voetstoots — i.e. as it stands at the date of acceptance of this Offer, with all its patent and latent defects. The Purchaser has had the opportunity to inspect the Property (inspections on 25 May 2026 and 1 June 2026) and to instruct a building inspection by Inspectarop SA (report dated 28 May 2026 attached as Annexure A). The Seller warrants only that he is not aware of any latent defect that he has deliberately concealed from the Purchaser or that he has misrepresented. The voetstoots clause is subject to the Consumer Protection Act 68 of 2008 where applicable.
Consumer Protection Act applicability: The parties record that the Seller is a private individual selling residential property in his personal capacity and NOT in the ordinary course of any business of buying and selling property. Accordingly, the Consumer Protection Act 68 of 2008 does NOT apply to this sale and the voetstoots clause stands as agreed.
Disclosed defects (Property Practitioners Act 22 of 2019): The Seller discloses the following known defects (per Property Practitioners Act 22 of 2019 mandatory disclosure form attached as Annexure B): (a) two cracked roof tiles on the south-west corner of the main dwelling (visible from garden); (b) intermittent geyser leakage repaired by Cape Plumbing in May 2025 (invoice + warranty attached); (c) historic damp on main bathroom wall — treated and sealed by RestoreRite in 2023 (no recurrence). The Purchaser accepts the Property with knowledge of these disclosed defects.
Consumer Protection Act applicability: The parties record that the Seller is a private individual selling residential property in his personal capacity and NOT in the ordinary course of any business of buying and selling property. Accordingly, the Consumer Protection Act 68 of 2008 does NOT apply to this sale and the voetstoots clause stands as agreed.
Disclosed defects (Property Practitioners Act 22 of 2019): The Seller discloses the following known defects (per Property Practitioners Act 22 of 2019 mandatory disclosure form attached as Annexure B): (a) two cracked roof tiles on the south-west corner of the main dwelling (visible from garden); (b) intermittent geyser leakage repaired by Cape Plumbing in May 2025 (invoice + warranty attached); (c) historic damp on main bathroom wall — treated and sealed by RestoreRite in 2023 (no recurrence). The Purchaser accepts the Property with knowledge of these disclosed defects.
7.
FICA VERIFICATION [FICA 38 OF 2001]
Both the Purchaser and the Seller undertake to provide the appointed Conveyancer with all FICA-required documentation within 14 days of acceptance of this OTP, including: certified copies of SA IDs (not older than 3 months); proof of physical address (utility bill / bank statement / municipal account, not older than 3 months); proof of source of funds (for Purchaser — bond approval letter, bank statements; for Seller — proof of property ownership and any income arrangements); SARS tax number; any additional documentation reasonably required by the Conveyancer to satisfy FICA 38 of 2001 obligations. Failure to provide FICA documentation within the specified period entitles the Conveyancer to delay transfer until compliant.
8.
FURTHER SUSPENSIVE CONDITIONS
The sale is further suspensive on: (a) the Seller obtaining a valid Electrical Compliance Certificate (under OHSA Electrical Installation Regulations) at his own cost within 30 days of acceptance — required for transfer; (b) the Seller obtaining a valid Gas Installation Compliance Certificate (gas hob in kitchen) at his own cost within 30 days of acceptance; (c) the Seller obtaining a valid Beetle Free Certificate at his own cost within 30 days of acceptance (typical for Gauteng wooden floor properties); (d) the Property being free of any servitude or restrictive condition not disclosed in the Title Deed at date of acceptance.
9.
COSTS ALLOCATION
(a) Transfer Duty: The Purchaser is liable for Transfer Duty payable to SARS under the Transfer Duty Act 40 of 1949. For this Purchase Price of R 1,850,000, the estimated Transfer Duty (sliding scale: 0% on first R1,210,000; 3% on R1,210,001-R1,663,800; 6% on R1,663,801-R2,329,300) is approximately R 25,758 (final amount calculated by Conveyancer at registration).
(b) Bond Registration Costs: The Purchaser is liable for the bond-registration costs of the bond-granting institution: bond attorney fees + Deeds Office fees + bond initiation + valuation + FICA. Estimated total for R 1,665,000 bond: R 32,000-R 38,000. Bond attorney is appointed by the bond-granting institution (typically the panel attorney of the chosen bank).
(c) Conveyancer Transfer Fee: The Purchaser is liable for the Conveyancer's transfer attorney fee (Law Society of South Africa recommended tariff scale) + Deeds Office registration fee + other disbursements (Rates Clearance application fee, search fees, postal costs). Estimated total: R 30,000-R 35,000. The Seller is liable for the Rates Clearance Certificate from City of Johannesburg (own municipal rates) — Seller settles any rates arrears as at date of transfer.
(b) Bond Registration Costs: The Purchaser is liable for the bond-registration costs of the bond-granting institution: bond attorney fees + Deeds Office fees + bond initiation + valuation + FICA. Estimated total for R 1,665,000 bond: R 32,000-R 38,000. Bond attorney is appointed by the bond-granting institution (typically the panel attorney of the chosen bank).
(c) Conveyancer Transfer Fee: The Purchaser is liable for the Conveyancer's transfer attorney fee (Law Society of South Africa recommended tariff scale) + Deeds Office registration fee + other disbursements (Rates Clearance application fee, search fees, postal costs). Estimated total: R 30,000-R 35,000. The Seller is liable for the Rates Clearance Certificate from City of Johannesburg (own municipal rates) — Seller settles any rates arrears as at date of transfer.
10.
DEFAULT AND BREACH CONSEQUENCES
Should either party commit a material breach of this Agreement, the innocent party may give the defaulting party 14 (fourteen) days' written notice (by hand-delivery to domicilium or by registered email) to remedy the breach. If the breach is not remedied within 14 days, the innocent party may at his/her election: (a) cancel this Agreement and claim damages (including consequential loss); (b) sue for specific performance and damages; (c) where the Purchaser is the defaulting party, elect rouwkoop / forfeiture of the deposit. Legal costs of recovery shall be borne by the defaulting party on the attorney-and-own-client scale, including collection commission and Sheriff fees.
11.
SPECIAL CONDITIONS
1. FIXTURES INCLUDED in the sale: all built-in cupboards; all light fittings (including chandeliers in dining room and entrance hall); curtain rails and tracks (curtains separately negotiated); the gas hob (model Bosch PCC615B90E); the alarm system (ADT — with active armed-response contract transferable to Purchaser at additional cost); garden tools listed in garage inventory; swimming pool equipment (Kreepy Krauly, pool pump, chlorinator); garage doors and remotes.
2. FIXTURES EXCLUDED from the sale: dining-room chandelier (sentimental — Seller takes); the wine cellar shelving (custom-installed by Seller); all furniture and movable contents.
3. RATES CLEARANCE: Seller obtains City of Johannesburg Rates Clearance Certificate (4 months valid) at his own cost; any rates arrears as at date of transfer paid by Seller before transfer.
4. NO TENANT: Property is vacant as at date of occupation; no occupational lease in existence.
5. SCHEME PLANS: Seller delivers all approved municipal building plans (including approved alterations in 2019) to the Purchaser prior to occupation.
6. RATES IMPOST: The estimated current monthly rates and utilities are R 4,800 per month — Purchaser confirms acceptance of this estimate.
Annexures attached and incorporated by reference:
Annexure A: Property Practitioners Act 22 of 2019 mandatory defects disclosure form (signed by Seller, dated 30 May 2026). Annexure B: Building inspection report by Inspectarop SA dated 28 May 2026. Annexure C: Copy of existing Title Deed T 12345/2018. Annexure D: Bond approval-in-principle letter from Standard Bank Home Loans dated 1 June 2026. Annexure E: Latest City of Johannesburg municipal rates account dated May 2026. Annexure F: Body Corporate Levy Clearance estimate (for sectional title — N/A for this freehold sale).
Annexures attached and incorporated by reference:
Annexure A: Property Practitioners Act 22 of 2019 mandatory defects disclosure form (signed by Seller, dated 30 May 2026). Annexure B: Building inspection report by Inspectarop SA dated 28 May 2026. Annexure C: Copy of existing Title Deed T 12345/2018. Annexure D: Bond approval-in-principle letter from Standard Bank Home Loans dated 1 June 2026. Annexure E: Latest City of Johannesburg municipal rates account dated May 2026. Annexure F: Body Corporate Levy Clearance estimate (for sectional title — N/A for this freehold sale).
12.
SPOUSAL CONSENT [MATRIMONIAL PROPERTY ACT 88 OF 1984]
As the Purchaser is married in community of property (or in customary marriage), the consent of the Purchaser's spouse is required to this Offer to Purchase under section 15 of the Matrimonial Property Act 88 of 1984. The spouse, Sipho Mthembu Nkosi — consents to this Offer to Purchase, hereby consents to this Offer by counter-signature below.
13.
WHOLE AGREEMENT, AMENDMENT AND JURISDICTION
This document constitutes the WHOLE AGREEMENT between the parties regarding the sale of the Property. No representations, warranties or undertakings outside this document are binding. Any AMENDMENT must be in writing and signed by both parties (no oral variations). This Agreement is governed by the laws of the Republic of South Africa. Each party submits to the jurisdiction of the appropriate Magistrate's Court or High Court for any dispute arising from this Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date indicated.
PURCHASER
Lerato Naidoo Nkosi
Buyer
Purchaser
Date: ____________________
SELLER
Pieter van der Merwe
Seller
Seller
Date: ____________________
PURCHASER'S SPOUSE
Sipho Mthembu Nkosi
Spousal consent
Purchaser's Spouse
Date: ____________________
Available as a print-ready PDF or an editable Microsoft Word (.docx) file.
What Is an Offer to Purchase?
An Offer to Purchase (OTP) is a written offer by a prospective Purchaser to buy a specific property from a specific Seller at a specified price, on stated terms and conditions. When the Seller signs acceptance, the OTP becomes a binding deed of sale — the conveyancer then attends to registration of transfer at the Deeds Office. The OTP is the foundational document of a residential property sale in South Africa; most subsequent disputes (cooling-off, suspensive condition lapse, late occupation, defects, default) are resolved by reference to its terms.
Section 2(1) of the Alienation of Land Act 68 of 1981 requires that every alienation of land be contained in a deed of alienation SIGNED by the parties or by their agents acting on written authority. Oral property sales are NOT enforceable. This requirement applies to all sales of land: residential, commercial, agricultural, industrial, sectional title or freehold. The written form requirement is one of the most actively enforced statutory rules in SA contract law — the courts have repeatedly held that oral or part-oral agreements for the sale of land are void from inception, regardless of fairness or partial performance.
Beyond the Alienation of Land Act, a residential OTP intersects with several other regulatory frameworks: the Consumer Protection Act 68 of 2008 (limits voetstoots where the seller is a supplier selling in the ordinary course of business; provides cooling-off in certain narrow circumstances); the Property Practitioners Act 22 of 2019 (replaces the Estate Agency Affairs Act; requires a mandatory defects disclosure form where a property practitioner is involved; regulates trust accounts); the Financial Intelligence Centre Act 38 of 2001 (FICA verification mandatory for both parties at the conveyancer); the Deeds Registries Act 47 of 1937 (Deeds Office registration procedure); the Transfer Duty Act 40 of 1949 (sliding-scale transfer duty payable by the Purchaser to SARS); the Matrimonial Property Act 88 of 1984 (spousal consent for community-of-property marriages); and various sector-specific statutes (Sectional Titles Act 95 of 1986 for sectional title sales; Subdivision of Agricultural Land Act 70 of 1970 for agricultural sales; CPA Electrical Installation Regulations under OHSA 85 of 1993 for electrical compliance certificates). Our template addresses each of these in the appropriate clause.
What's Covered in This Template
Seven sections covering every minimum element of a residential OTP + expert-tier voetstoots, FICA, further suspensive conditions, costs allocation, default consequences and special conditions.
Purchaser
Full name, SA ID, address (domicilium), contact details, marital status, spouse consent if community of property.
Seller
Full name, SA ID, address (domicilium), contact details.
Property
Physical address, Erf / unit number, township / scheme, extent, Title Deed reference — Alienation of Land Act s.2(1) writing requirement.
Purchase Price + Deposit
Total price (numeric + words), deposit amount, payment date, conveyancer trust account holder.
Bond Suspensive Condition
Bond required? Bond amount + approval window (typical 21-30 days).
Occupation + Transfer + Risk
Occupation date, target transfer date, risk-passing trigger (transfer or occupation), occupational rent if pre-transfer occupation.
Conveyancer
Transferring attorney appointed by Seller (default) — handles Deeds Office registration.
Voetstoots + CPA (Expert)
Voetstoots acknowledgement ("as is"), CPA applicability statement (private vs supplier seller), Property Practitioners Act 22/2019 mandatory defects disclosure.
FICA + Further Suspensive (Expert)
FICA 38/2001 verification undertaking (both parties), further suspensive conditions (electrical / plumbing / beetle / valuation / sale of own property).
Costs + Default (Expert)
Transfer duty sliding scale, bond registration costs, conveyancer transfer fee, default consequences (cancel / specific performance / rouwkoop forfeiture), 14-day breach notice.
Special Conditions (Expert)
Fixtures included / excluded, rates clearance, levy arrears, tenant in occupation, scheme plans, custom additions + attached annexures.
How to Sign a Residential Offer to Purchase
Five steps from offer to a binding signed deed of sale.
- 1
Inspect the Property + Conduct Due Diligence
Inspect the property in person at least twice (different times of day). Commission a professional building inspection (Inspectarop SA / similar — R 1,500-R 4,500) to identify latent defects. Search the Deeds Office for the Title Deed (R 50 via WinDeeds / DotNews); confirm the Seller is the registered owner and identify any servitudes or restrictive conditions. Request the Seller's mandatory defects disclosure form (Property Practitioners Act 22/2019) — review with care.
- 2
Choose Your Suspensive Conditions Carefully
Most OTPs have a bond suspensive condition (21-30 days for bond approval). Consider further conditions: independent valuation; electrical compliance certificate (statutory — Seller pays); plumbing compliance (Cape Town by-law); beetle / borer certificate (coastal areas); sale of your own property (rarely accepted by sellers). Each condition needs a specific deadline and a consequence of failure.
- 3
Negotiate Price + Deposit + Occupation
Standard SA market: 5-10% deposit on signature into the conveyancer's trust account (interest earned for Purchaser). Bond for balance. Occupation typically on transfer (so the Purchaser pays once and moves in once). Risk usually passes on transfer (Seller bears risk while still in possession). Occupational rent only if Purchaser occupies before transfer.
- 4
Sign + Submit to Conveyancer
Both parties sign in person; community-of-property spouses both sign. The signed OTP is sent to the appointed Conveyancer (Seller chooses by default). Conveyancer FICA-verifies both parties (SA IDs, proof of address, proof of source of funds). Bond approved within 21 days; deposit released to trust account. Conveyancer prepares Deeds Office transfer documents.
- 5
Transfer at Deeds Office + Occupation
Conveyancer lodges transfer documents at Deeds Office (typically 4-6 weeks after FICA + bond approval). On registration date, transfer is effected; Purchaser becomes registered owner; balance of purchase price is released to Seller; keys are handed over (if occupation = transfer date). Total typical transaction: 60-90 days from OTP acceptance to registration.
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Legal Considerations
SA property law has highly specific statutory requirements — get them right or the sale is void.
This template is for informational purposes only and does not constitute legal advice. Property transactions involve significant financial commitments, statutory requirements (Alienation of Land Act, Deeds Office, Transfer Duty, FICA, CPA, Property Practitioners Act) and risk exposure (latent defects, suspensive conditions, transfer-fail). Consult a qualified South African conveyancer or property attorney before signing.
Reviewed for South African law
Section 2(1) Alienation of Land Act 68 of 1981 — The Writing Requirement
Section 2(1) of the Alienation of Land Act 68 of 1981 provides that no alienation of land shall be of any force or effect unless it is contained in a deed of alienation SIGNED by the parties or by their agents acting on written authority. This is one of SA contract law's most strictly enforced rules. Consequences: (a) ORAL agreements for sale of land are VOID — no part of the agreement is enforceable, regardless of partial performance; (b) PART-WRITTEN-PART-ORAL agreements are void (the famous Wilkens v Voges 1994 (3) SA 130 (A) line of authority); (c) the writing must contain all the ESSENTIAL TERMS of the sale (parties, property, price), not just outline terms; (d) AMENDMENTS to a written sale agreement must also be in writing (no oral variations); (e) SIGNATURES must be by the actual parties or by agents with WRITTEN authority to sign (oral mandates are insufficient). The strict interpretation means even small omissions or oral additions can void a multi-million-rand sale.
Voetstoots vs the Consumer Protection Act 68 of 2008
The voetstoots clause ("as is" — common law) is standard in SA residential OTPs: the Purchaser takes the property in its existing condition with all patent and latent defects. The clause is NOT absolute: the famous Van der Merwe v Meades 1991 (2) SA 1 (A) authority holds that voetstoots does not protect a seller who knew of a latent defect and deliberately concealed or misrepresented it. The Consumer Protection Act 68 of 2008 substantially limits voetstoots where the seller is a SUPPLIER selling in the ordinary course of business (developers, property-investment companies, professional flippers). Where the CPA applies: the seller carries an implied warranty of quality (section 55 — fit for purpose, defect-free, durable); the voetstoots clause is overridden as against ordinary individual purchasers; only juristic-person purchasers with asset value or turnover above R2 million are EXCLUDED from CPA protection. For a typical private seller-to-private buyer residential sale, the CPA does NOT apply and voetstoots is valid; for sales by developers / property companies, voetstoots is significantly limited.
Property Practitioners Act 22 of 2019 — Mandatory Defects Disclosure
The Property Practitioners Act 22 of 2019 (effective 1 February 2022) replaces the Estate Agency Affairs Act 112 of 1976 and establishes the Property Practitioners Regulatory Authority (PPRA) as the successor regulator to the Estate Agency Affairs Board. The Act introduces a MANDATORY DEFECTS DISCLOSURE FORM (regulated under the Act's regulations) that must be completed by the SELLER and provided to the Property Practitioner (estate agent) BEFORE the mandate is signed; the disclosure form must then be included with any Offer to Purchase prepared by the practitioner. The form requires the Seller to disclose KNOWN defects in the property — structural, electrical, plumbing, damp, pest, environmental, neighbours / disputes, levy arrears, scheme rule restrictions, etc. The disclosure does not eliminate voetstoots (a defect honestly disclosed is still subject to voetstoots), but materially reduces the seller's ability to claim "I did not know" — disclosure forces transparency. For private sales WITHOUT a property practitioner involved, the disclosure form is not strictly mandatory but voluntary disclosure is best practice and reduces post-transfer dispute risk.
FICA 38 of 2001 — Verification of Both Parties
The Financial Intelligence Centre Act 38 of 2001 (FICA) requires the conveyancer (as an Accountable Institution) to verify the identity of both the Purchaser and the Seller before transfer can be registered. Required documentation: (a) certified copy of SA ID (not older than 3 months); (b) proof of physical address (utility bill / bank statement / municipal account, not older than 3 months); (c) proof of source of funds (for Purchaser — bond approval, bank statements, savings withdrawal; for Seller — depending on transaction value, may be requested); (d) SARS tax number (especially for Transfer Duty); (e) for non-individual parties (companies, CCs, trusts), the entity registration documents + beneficial-ownership disclosure. FICA verification typically takes 1-2 weeks; delays are the single most common cause of transfer delays. Including a written FICA undertaking in the OTP commits both parties to provide documentation within a specific period and prevents post-acceptance stalling.
Frequently Asked Questions
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