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There are certain conditions that may be included in your offer to purchase that will need to be fulfilled before your contract is considered valid. These are referred to as your suspensive conditions. The fulfilment of the contract is then delayed until such a time that your conditions have been met.
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When dealing with an offer to purchase on a property, one is likely to come across what is known as the “Voetstoots clause”.
Its’ basic purpose is to shield the Seller from any subsequent action by the Purchaser, on the discovery of any defects he/she was not aware of at the time of signing the offer to purchase.
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