Agreement for Sale where consideration is PART provision of services

This precedent is intended to act as a guide in drafting an off-plan property purchase Agreement for sale wherein consideration provided by the purchaser is partly in cash and partly by provision of services by the said Purchaser to the Vendor.

The services provided by the Purchaser to the Vendor are governed by another contract, usually a professional services contract; substance of which forms part of this Agreement.

The Vendor herein is intending to construct a mixed user building/blocks of building comprising of commercial spaces and residential apartments.

This template therefore does not apply in cases of off-plan purchase of property where consideration is only money. However, it might be modified or amended as need be.