- Suspensive conditions in contracts of sale of immovable property0.10 MB
When a contract is subject to a suspensive condition, the contract comes into effect only if the condition is met. On a practical level, this can entail a future event such as a deposit payment, securing a loan or even conditions such as graduating from university to receive a bonus payment.
Suspensive conditions are commonly encountered in contracts for the sale of immovable property (e.g. deposit requests). They are often misunderstood, which can result in little recourse.
Written by Nicolene Schoeman-Louw, Schoeman Attorneys (Cape Town)
Tel: 0214255604
Email: enquiries@schoemanlaw.co.za
Website: www.schoemanlaw.co.za
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