Common use of Immovable Property Clause in Contracts

Immovable Property. The parties have purchased a common home as set out in clause 1.1.2 above. The parties further record that [insert details] paid the deposit of [insert amount] plus conveyancing costs and transfer duty as set out in the conveyancer’s account for the purchase of the property. The balance of the purchase price was obtained from mortgage bond finance and the parties hereby agree that [insert details] shall pay the bond repayments for the common home.

Immovable Property. 3.1.1 The parties have purchased a common home as set out in clause 1.1.2 above. . 3.1.2 The parties further record that [insert details] paid the deposit of [insert amount] plus conveyancing costs and transfer duty as set out in the conveyancer’s account for the purchase of the property. . 3.1.3 The balance of the purchase price was obtained from mortgage bond finance and the parties hereby agree that [insert details] shall pay the bond repayments for the common home.