THE offer to purchase a house could be the most important document you ever sign.It will set out everything from when the property ownership should change hands to exactly what will be included in the deal, whether it's a couch or a cat.Carol Reynolds, area principal for Durban North and La Lucia for Pam Golding Properties, said an offer to purchase must include who the seller and buyer are, a description of the property and the price that has been agreed, including any commissions.It should be stipulated how the buyer plans to finance the purchase - a bond or cash - when occupation will take place, and occupational rental, if any. This is usually 0.5% of the purchase price a month.Once the dates are settled, other key clauses include the voetstoots clause, the breach clause, and the obligations of the buyer and seller.The seller's obligations include ensuring that building plans have been passed, and getting beetle, electrical and gas compliance certificates.The buyer's obligations...
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