The Reservation Fee Acknowledgement Receipt is a crucial document in South African property transactions, used when a prospective buyer pays a fee to secure their interest in a property and temporarily remove it from the market. This document serves as official proof of the transaction and outlines the terms under which the fee is held. It typically includes details of the parties involved, property specifications, payment information, and conditions for refund or forfeiture. The document must comply with various South African laws, including the Consumer Protection Act, Estate Agency Affairs Act, and Financial Intelligence Centre Act. It's particularly important in new developments, high-demand property markets, and situations where buyers need time to arrange financing while securing their interest in a property.

1. Header Details: Date, reference number, and document title

2. Recipient Details: Full name and details of the person/entity paying the reservation fee

3. Property Details: Comprehensive description of the property being reserved, including erf number, physical address, and size

4. Payment Confirmation: Amount received, payment method, date of receipt, and payment reference

5. Purpose Statement: Clear statement of the purpose of the reservation fee and the property it relates to

6. Terms of Reservation: Period of reservation, conditions under which the fee is held

7. Refund Conditions: Specific circumstances under which the reservation fee will be refunded

8. Banking Details: Trust account or designated account details where the funds are held

9. Confirmation: Signature block for the recipient of funds and the payer