Agreement for Sale of freehold Land – Individual – Pro vendor – cash purchase- Vendor signing by way of POA
Agreement for sale of freehold land- vendor signing by way of POA – individual – cash purchase – pro vendor
This agreement relates the sale of land between individuals (natural persons) where the seller/vendor signs by way of a power of attorney. The power of attorney must have been registered in against the land register at the registry where the land is situated. The power of attorney number, the date of registration, and the respective lands registry where the power of attorney is registered have to be cited where provided at the execution page.
The agreement also relates to the sale of land where the purchase price is payable by the purchaser in cash, that is, no part of it is to be financed. The purchaser is deemed to purchase the property on a “as is where is” basis.