Parkrand

Terms & Conditions

• A R 50 000 refundable deposit is payable on registration for Multi-Prop properties.
• ID, proof of address (less than 3 month old), CK1/CM1, company resolution and letter of authority is required on registration.
• This serves to confirm that both the offeror and offeree acknowledge that Masingita Property Services (Pty) Ltd t/a AuctionInc. is the effective cause of the introduction to this property.
• This document it to be signed by all parties who intend to bid at the auction.
• If you are bidding on behalf of another person or a company or a trust – please provide proof of your authorization to do so when registering.
• A 10% bidder’s premium and VAT thereon is payable on the fall of the hammer.
• If you succeed in the bidding and sign the Sales Agreement in a representative capability, you waiver the legal exceptions of excussion and division and acknowledge that you shall be deemed to have bound yourself as surety for and co-principle debtor in solidum with the third party whom you represent for the due and punctual payment and performance of all obligations of that third party.
• Please be sure to read the conditions of sale thoroughly before you sign this document.
• In signing this document you are accepting the Terms and Conditions laid out in the Sales Agreement, the rules of auction and any other specific terms conveyed by the auctioneer.
• A deposit of 15% is payable upon signing of the Sales Agreement.
• Please note that your details will be added to our database so we can provide you with details for upcoming auctions and industry news.