What Happens When a Buyer Backs Out of a Property Sale?
For both sellers and buyers in South Africa, agreeing on a property transaction feels like the hardest part of the journey. However, once an offer to purchase (OTP) is signed by both parties, it becomes a legally binding contract. When a buyer suddenly decides to walk away, it triggers immediate legal and financial consequences. Here […]
Signing a Commercial Lease? Here Are Four Clauses You Should Negotiate First
If you are a business owner or corporate tenant looking at commercial space in South Africa, chances are the landlord handed you a contract filled with dense legalese and framed as “standard”. Here is the truth: there is no such thing as a standard commercial lease. Unlike renting a home, where the Consumer Protection Act […]