Does the other party have to sign again where I make small changes before signing a contract of sale?

< Back
You are here:
  • KB Home
  • Property Law
  • Does the other party have to sign again where I make small changes before signing a contract of sale?
Print

Does the other party have to sign again where I make small changes before signing a contract of sale?

 

Yes. Let us take the example where the purchaser signs a contact of sale of a house and sends it to the seller. The seller is not happy with the occupational rental and changes the amount from R4 000.00 per month to R5 000.00 per month. He phones the purchaser, who accepts the change. The seller signs and sends the contract to the purchaser to apply for a loan. Two weeks later the seller gets a new offer for the house for R100 000.00 more. Can he accept this offer?

Yes, he could. The fact that the seller made an amendment to the contract before signing it means that a counteroffer was actually made by him. This counter offer had to be accepted by the purchaser again who would have had to sign the amended contract or at least initial next to the amendment. The Alienation of Land Act, 68 of 1981 requires a contract for the sale of land be in writing and signed by both parties.

It would therefore not constitute a valid agreement and the seller would indeed be able to accept the other offer.

Volker Krüger

image_pdfSave as PDF
Previous Is a contract of sale of land signed by the parties without any witnesses valid?
Next What happens if the purchaser or the seller pass away before the registration of the transfer of the property?
Table of Contents