Common use of Sale of property (delete where not applicable Clause in Contracts

Sale of property (delete where not applicable. 2.2.1 Purchase Price to come from the sale of the Purchaser’s property already sold. 2.2.1 Purchase Price to come from the conditional sale of the Purchaser’s property already sold. 2.2.1 Sale subject to the Sale of the Purchaser’s property 2.2.2 This Contract is also subject to the Purchaser’s conveyancers effecting registration of transfer of the existing property within 60 (sixty) days of the sale becoming a conclusive sale. 2.2.3 In the event of the Seller receiving any other written offer which is not subject to the sale of another property from a bona fide third party, before the sale of the Purchaser’s existing property becomes conclusive, which offer the Seller wishes to accept, the Seller shall by written notice advise the Purchaser of such offer and the Purchaser shall within 48 (forty eight) hours of receipt of such notice waive the suspensive conditions in this clause in writing to the Conveyancers failing which the Seller shall be entitled to accept the offer from the new Purchaser in which event this offer shall fall away and be of no further force or effect.

Appears in 2 contracts

Sources: Contract of Sale, Contract of Sale