The Simple Real Estate Contract serves as a fundamental legal instrument for property transactions in South Africa, designed to facilitate straightforward property sales while ensuring compliance with local legislation, particularly the Alienation of Land Act 68 of 1981. This document is typically used for residential property sales where standard terms apply and no complex conditions are required. It encompasses all legally required elements including party identification, property details, financial terms, and transfer conditions, while remaining accessible to non-legal professionals. The contract's structure reflects South African property law requirements and standard market practices, making it suitable for both private sales and transactions involving property practitioners.

1. Parties: Identification of the Seller and Purchaser with their full legal names, identity numbers, and current addresses

2. Background: Brief context of the transaction and confirmation that the Seller wishes to sell and the Purchaser wishes to purchase the property

3. Definitions: Key terms used in the agreement including 'Property', 'Purchase Price', 'Transfer Date', and other relevant definitions

4. Property Description: Detailed legal description of the property including erf number, physical address, size, and title deed number

5. Purchase Price: The agreed purchase price, payment terms, and deposit requirements

6. Payment Terms: Details of how and when payments will be made, including deposit arrangements and balance payment

7. Transfer and Registration: Process and timing for property transfer, appointment of conveyancer, and responsibilities for transfer costs

8. Possession and Occupation: Date of occupation, occupational rent if applicable, and condition of property upon handover

9. Risk and Insurance: Transfer of risk and responsibility for insurance of the property

10. Warranties: Standard warranties by both parties regarding their capacity to enter into the agreement and the state of the property

11. Breach: Consequences of breach by either party and remedies available

12. Notices: How formal notices between parties should be delivered and received

13. General Terms: Standard contractual provisions including whole agreement clause, variation requirements, and governing law