Addendum To Lease Agreement
October 11, 2017
Agreement (tech)
October 11, 2017

BETWEEN

 

 

…………………………………..

 

(Hereinafter referred to as “the purchaser”)

 

 

AND

 

 

……………………………………………….

 

(Hereinafter referred to as “the seller”)

(Collectively referred to as “the parties”)

 

 

This Agreement, is an addendum to the “Offer to Purchase” which was signed between the parties for the purpose of effecting the sale of unit number ……………………………………………………. on …… 20..

 

At the stage of transfer, the purchaser’s bond attorneys were instructed by First National Bank not to proceed with the transaction due to the fact that the allocation and layout of the parking bays for the sectional title unit do not accord with the currently registered parking plan at the deeds office.

 

The Body Corporate is required to arrange for new plans to be drafted and registered at the Deeds office.

 

First National Bank refuses, correctly, to allow transfer to take place until they have proof that this process has been completed.

 

On ……………… 20.. the purchaser placed the seller on notice to the effect that if this remedy was not rectified within 30 days, she would have no option but to cancel the sale.

 

The parties have entered into subsequent discussions and agreed to resolve this issue in question as follows:           

 

  • the purchaser has agreed to extend the time period within which the seller is required to rectify the aforementioned defect with with respect to the plans;

 

  • the seller shall be entitled to secure a suitable tenant immediately after the completion of the kitchen fitting, for a period of six months.

 

 

  • With respect to tenancy, the seller shall ensure that

 

  1. the maximum number of tenants should not exceed two;

 

  1. no pets shall be permitted;and
  2. a double deposit is secured from the tenant which shall be transferred to the purchaser once the transfer of the property into the name of the purchaser is finalised, (it is recorded that there is currently a tenant in the premises who has paid a R……………….. deposit, however all future tenants must pay a double deposit unless a lesser amount is agreed with the purchaser);

 

  • the purchaser shall be entitled to begin immediately with refurbishment and restyling of the kitchen and any other timber work that the purchaser wishes to refurbish. Her father, Mr……………… and possibly one assistant will be allowed access with immediate effect for this purpose/

 

  • …………………….and his assistant where applicable shall not be held liable in the event that any valuables belonging to the two women currently occupying the premises go missing during the time that Mr. ……………. is refurbishing the kitchen and cupboards. It shall be the responsibility of the tenant to ensure that all valuables are secured.

 

 

  • the purchaser and seller shall inspect the premises and complete a detailed assessment of the condition of the interior with specific reference to fixtures and fittings which both parties shall sign at the stage of handover of the keys to the premises to any lessee in order to ensure that the parties are in agreement as to the state of the property.

 

  • The process of inspection shall be repeated in the event that the property is transferred and the keys are handed over to the purchaser and any damage to the interior of the premises with specific reference to the fixtures and fittings shall be restored at the cost of the seller;

 

  • the purchaser shall use her best endeavours to complete the refurbishment within thirty days of being granted access to the premises;

 

  • the purchaser will not be liable for any occupational rental whatsoever;

 

  • the seller unconditionally undertakes to indemnify the purchaser for any costs associated with the rectification of the aforementioned defect with respect to the plans and the registration thereof, which would include any special levy that were to be raised for financing the rectification thereof;

 

  • in the event that the purchaser, solely subject to her reasonable discretion, determines that the rectification of the aforementioned defect in respect of the layout of the parking area and the registration thereof is taking too long, she is entitled to give two months written notice to the seller to finalise the rectification and if the seller fails to comply with this notice, she shall be entitled to cancel the sale and to repayment of any monies paid by her for the purpose of effecting transfer and the seller will refund the purchaser her actual cost of fitting the new kitchen and kitchen cupboards within seven days of presentation of valid vouchers reflecting the cost thereof. This cost of the new kitchen cupboards is estimated at R……………….  (……………….. rand]).

 

 

It is the parties’ wish that this agreement forms part of the sale agreement entitled “Offer to Purchase” dated ………….. 20…

 

 

 

 

 

 

 

THUS DONE AND SIGNED at Cape Town on the ………..day of  ……………………………………20..

 

 

PURCHASER   ________________________

 

________________________

 

AS WITNESS:

 

  1. ______________________

 

  1. ______________________

 

 

 

 

THUS DONE AND SIGNED at Cape Town on the ………..day of  ……………………………………20..

 

 

 

SELLER   _________________________

 

_________________________

 

AS WITNESS:

 

 

Comments are closed.

Copy Protected by Chetan's WP-Copyprotect.