What is the effect of a suspensive condition in an agreement of sale?

In an agreement of sale between a buyer and a seller for the acquisition of a property, there maybe suspensive condition clauses.  Until all the suspensive conditions have been met, the sale cannot proceed. Thus it is very important to understand the power of suspensive conditions in a deed of sale.  These are conditions written […]

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What is a ‘rouwkoop’ clause?

What is a ‘rouwkoop’ clause? A ‘rouwkoop’ clause in a contract of sale provides for the purchaser to pay a deposit to the seller that is not refundable should the purchaser withdraw from the contract.  Most contracts of sale, that provide for the payment of a deposit by the purchaser, also contain a provision that […]

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