Bank Mandated Property.

General buying information:


* This is a mandated sale (Bank instructed to sell property by the current owner) and attracts transfer duty which is payable by the purchaser.


* Property rates and taxes (including all arrears amounts in this regards) will be paid by the Seller until the date of registration.


* All properties are sold voetstoots (meaning as is).


* The Bank does not warrant that the Purchaser will be able to obtain vacant occupation of the property.


* Where the property is guarded, an appointment must be made with the specific security company prior to viewing the property.


If you require finance for this property, you can apply at any bank for a bond, as you would do on any other property. You need to take the signed Offer to Purchase to them with the application documentation.



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