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I3. Parties to the Contract

It is not only essential to ensure that both parties sign a contract but also that the correct parties do so. The following are the essential features of any contract of sale to make it valid: - Both the Seller and the Buyer must be clearly identified, and both must sign the contract. - The contract must clearly state the Purchase Price to be paid by the Buyer to the Seller. - The Property sold to...

Q5. Buyer and Practitioner Relationship

All Practitioners are obliged to comply with the Code of Conduct for Property Practitioners issued by the PPRA. Typically, a Practitioner will act on behalf of the Seller's interests, however, it is important to always keep in mind the buyer’s interest as well. A buyer can only expect you to: Advise the buyer of the market value of the property and be able to point out all factors to justify...

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