The Basic Home Purchase Agreement is a fundamental legal document used in South African residential property transactions. It is essential for any sale of residential property in South Africa, serving as the primary contract between seller and purchaser. This document must comply with the Alienation of Land Act and other relevant South African property legislation, including the Property Practitioners Act and Consumer Protection Act. The agreement captures all essential elements of the property sale, including property details, purchase price, payment terms, transfer conditions, and various warranties. It is designed to protect both parties' interests while ensuring legal compliance and smooth property transfer. Typically used in private residential sales, this agreement forms the foundation for the property transfer process and subsequent registration at the Deeds Office.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Basic Home Purchase Agreement
"I need a Basic Home Purchase Agreement for a freestanding house in Cape Town, with a purchase price of R2.5 million, including a 10% deposit and subject to the purchaser obtaining mortgage finance by March 2025."
1. Parties: Identification and details of the Seller and Purchaser, including full legal names, identity numbers, and current addresses
2. Background: Brief context of the transaction and confirmation that the Seller owns and wishes to sell the property to the Purchaser
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Purchase Price', 'Transfer Date', etc.
4. Sale: Core clause confirming the sale and purchase of the property
5. Purchase Price: 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 obligations regarding property transfer, including appointment of conveyancer and timeline
8. Possession and Occupation: Date of occupation, occupational rent if applicable, and condition of property upon handover
9. Voetstoots and Property Condition: Statement of property condition and any voetstoots (as-is) provisions as allowed by law
10. Risk and Insurance: Transfer of risk and responsibility for insurance between parties
11. Warranties and Representations: Standard warranties by both parties regarding capacity to contract and property status
12. Costs: Allocation of transfer costs, legal fees, and other transaction expenses
13. Breach: Consequences and remedies in case of breach by either party
14. Notices and Domicilia: Official contact details and addresses for legal notices
15. General Terms: Standard legal provisions including whole agreement, variation, and governing law
16. Signatures: Signature blocks for all parties and witnesses
1. Bond Approval: Include when purchase is subject to the Purchaser obtaining mortgage finance
2. Sale of Purchaser's Property: Include when purchase is conditional on Purchaser selling their existing property
3. Tenant Rights: Include when property is currently tenanted with existing lease agreements
4. Fixtures and Fittings: Include when specific items are included/excluded from the sale
5. Property Compliance Certificates: Include when specific mention of electrical, gas, electric fence, or beetle certificates is required
6. Agent Commission: Include when a real estate agent is involved in the transaction
7. Swimming Pool Compliance: Include when property includes a swimming pool requiring safety compliance
8. Body Corporate / HOA Provisions: Include for properties in sectional title or homeowners associations
9. FICA Requirements: Include detailed Financial Intelligence Centre Act compliance requirements when necessary
1. Schedule A - Property Description: Detailed legal description of property including erf number, title deed details, and physical address
2. Schedule B - Purchase Price Breakdown: Detailed breakdown of purchase price, deposit, and payment terms
3. Schedule C - Included Fixtures and Fittings: List of all items included in or excluded from the sale
4. Schedule D - Property Defects: List of known defects disclosed by the Seller
5. Schedule E - Compliance Certificates: List of required compliance certificates and their status
6. Appendix 1 - Property Plans: Official property plans and diagrams
7. Appendix 2 - Property Photos: Photos documenting property condition at time of sale
8. Appendix 3 - Body Corporate Rules: If applicable, current Body Corporate or HOA rules and regulations
Authors
Relevant legal definitions
Agreement
Bond
Bond Attorney
Business Day
Completion Date
Compliance Certificates
Conveyancer
Deeds Office
Deposit
Domicilium Citandi Et Executandi
Effective Date
Electrical Certificate
Erf
Estate Agent
Financial Institution
FICA
Fixtures and Fittings
Gas Certificate
Improvements
Occupation Date
Occupational Rent
Parties
Property
Property Description
Purchase Price
Purchaser
Registration
Seller
Signature Date
Title Deed
Transfer
Transfer Costs
Transfer Date
Transfer Duty
VAT
Voetstoots
Bond
Bond Attorney
Business Day
Completion Date
Compliance Certificates
Conveyancer
Deeds Office
Deposit
Domicilium Citandi Et Executandi
Effective Date
Electrical Certificate
Erf
Estate Agent
Financial Institution
FICA
Fixtures and Fittings
Gas Certificate
Improvements
Occupation Date
Occupational Rent
Parties
Property
Property Description
Purchase Price
Purchaser
Registration
Seller
Signature Date
Title Deed
Transfer
Transfer Costs
Transfer Date
Transfer Duty
VAT
Voetstoots
Clauses
Identification of Parties
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Bond Finance
Transfer and Registration
Possession and Occupation
Property Condition
Voetstoots
Compliance Certificates
Risk and Insurance
Warranties
Representations
Transfer Costs
Estate Agent Commission
Suspensive Conditions
Breach
Dispute Resolution
Force Majeure
Notices
Domicilium
Assignment
Whole Agreement
Variation
Governing Law
Severability
Property Inspection
Fixtures and Fittings
Body Corporate Provisions
Consumer Protection
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Bond Finance
Transfer and Registration
Possession and Occupation
Property Condition
Voetstoots
Compliance Certificates
Risk and Insurance
Warranties
Representations
Transfer Costs
Estate Agent Commission
Suspensive Conditions
Breach
Dispute Resolution
Force Majeure
Notices
Domicilium
Assignment
Whole Agreement
Variation
Governing Law
Severability
Property Inspection
Fixtures and Fittings
Body Corporate Provisions
Consumer Protection
Relevant Industries
Real Estate
Residential Property
Legal Services
Financial Services
Property Development
Construction
Banking
Insurance
Property Management
Conveyancing
Relevant Teams
Legal
Real Estate
Conveyancing
Compliance
Property Management
Sales
Contract Administration
Risk Management
Finance
Operations
Relevant Roles
Real Estate Agent
Property Lawyer
Conveyancing Attorney
Property Manager
Mortgage Broker
Bank Manager
Property Developer
Legal Counsel
Compliance Officer
Property Practitioner
Sales Manager
Property Consultant
Contract Manager
Real Estate Broker
Settlement Agent
Find the exact document you need
Business Agreement Of Sale
A Belgian law-governed agreement establishing terms and conditions for the sale of business assets, goods, or services between commercial entities.
find out more
Simple Buy Sell Agreement (Real Estate)
A Saudi Arabian law-governed agreement for the sale and purchase of real estate property, outlining key terms and conditions while ensuring compliance with local regulations and Sharia principles.
find out more
Buy And Sell Agreement (Real Estate)
A Saudi Arabian real estate purchase agreement that details property transfer terms, compliant with local law and Sharia principles.
find out more
LOI For Commercial Real Estate Purchase
A preliminary document outlining proposed terms for commercial property purchase in the Philippines, serving as a framework for negotiations and future definitive agreements.
find out more
Agreement Of Purchase And Sale Of Shares By Shareholder
A Philippine law-governed agreement documenting the sale and transfer of company shares between shareholders, including terms, conditions, and regulatory compliance requirements.
find out more
Agreement Contract To Buy And Sell (Real Estate)
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and purchase of real estate property.
find out more
Basic Home Purchase Agreement
A legally binding agreement under South African law for the sale and purchase of residential property, outlining key terms and conditions for property transfer.
find out more
Simple Contract To Purchase (Real Estate)
A Pakistani law-compliant contract for the purchase and sale of real estate property, outlining essential terms and conditions for property transfer.
find out more
Simple Purchase Agreement For House
A legal agreement under Pakistani law for the purchase and sale of residential property, outlining key terms and conditions of the property transfer.
find out more
Simple House Sale Contract
A standardized contract under Pakistani law for the sale and purchase of residential property, outlining key terms and conditions for property transfer.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.