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PRODUCT GUIDE Home Loans Credit Product Guide Property Sales

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PRODUCT GUIDE Home Loans Credit Product Guide Property Sales Powered By Docstoc
					                      Home Loans Credit - Product Guide
Property Sales and Services guide
The purpose of this document is to introduce you to the various Products and Services
that we offer; as well as provide you with a step by step guide for purchasing these
properties.

We essentially offer three products namely,
1. Properties in Possession (PIP),
2. Sales in Execution, as well as,
3. Private Properties where our Customers have requested us to assist them
   in the Marketing and Selling of their property.

We would like to draw staff members' attention to the following :
Staff may buy Properties in Possession directly from the bank.
Staff are not permitted to purchase any Sale in Excecution properties prior to the aution
date. (no offers can be made to the bank directly and you are also not allowed to enter
into arrangements with the current owners)
We can not consider any offers from staff on private properties.

Each of these products are briefly explained:

1. Properties in Possession (PIP)
A Property in Possession is a property where the Bank, through Legal means, has
repossessed and thereby taken ownership of it. The available properties are at this point
offered to the public for sale and any offer to purchase a PIP needs to be made directly
with the Bank, using our generic Offer to Purchase (Also known as a Sale Agreement or
a Deed of Sale) document.

1.1 The Requirements for Purchasing a Property in Possession
    1. Proof of Cash if you intend paying Cash for the property.
   2. A Standard Bank Offer to Purchase to be filled in. (This is available on
      request).
   3. CK1 Document and Founding Statement if it's a Close Corporation company
      or Trust purchasing a PIP.

1.2 The Benefits of Purchasing a PIP
    1. No Transfer Duty is payable by a Purchaser.

   Transfer duty is the tax that a Purchaser is obliged to pay to the Receiver of
   Revenue (SARS) when a property is purchase. (The amount is dependent
   upon the purchase price).
It is important to note that Transfer duty and Transfer costs (Also known as
Conveyancing Fees) are two different costs.

1. Transfer Costs are the amount an Attorney will charge you for services
    rendered to you and
2. Bond Registration Costs is the amount an Attorney will charge you to register
   the Mortgage Bond in your name

On PIP's Transfer (Conveyancing) and Bond costs are payable by the Purchaser/ Buyer.


1.3 Vacant Occupation of the Property
The occupation of a property by a Purchaser is subject to the property being vacant and
the Purchaser having paid all the relevant Transfer and Bond costs with our Transferring
Attorney. The Water and Electricity consumption account also needs to be transferred
into their name.

The Bank does not guarantee vacant occupation of PIP's though it will assist in securing
vacancy.

1.4 Outstanding Rates and Taxes
The Bank, up to the date the property is transferred into the Purchaser's name, will pay
any outstanding Rates and Taxes on the property in full.

2. Sales in Execution
A Sale in Execution is an Auction held by the Sheriff of the Court, it occurs as a result of
the Bank having taken Legal steps to recover debt on a Home Loan.

The Bank has through a Court Order attached the property, but is not the Owner of the
property yet; as a result we cannot accept Offers to Purchase unless the Owner of the
property consents and signs it as the Seller.

These properties are advertised in the Government Gazette, as well as, in two local
newspapers circulating in the district of the property. The Bank also markets these
properties to Estate Agents and the general public to get buyers to attend the Sale.

2.1 Purchasing a property at a Sale in Execution
You may obtain a list from us at any one of the contact details mentioned below or ask at
your local branch or call our Home Loans Customer Contact Centre for further
information. The list has the venue, the date and the time of the Sale including the likely
value of the property and its features.

2.2 The Required Documents
     1. A letter stating the Buyers name, the Buyers identity number and the amount
        the Buyer intends purchasing the property for, as well as an acknowledge-
        ment that, if the the Sale is cancelled for whatever reason, the Bank will not
        be held liable.
     2. In this letter we further require an irrevocable undertaking from the Buyer to
        open their bids at the amount they state they are willing to purchase the
        property for.
     3. A copy of the Buyers identity document.
     You will then attend an auction at the venue and if you are successful in
     purchasing the property you will be required to pay the following on the date
     of sale:
You will then attend an auction at the venue and if you are successful in purchasing the
property you will be required to pay the following on the date of sale:
2.3 Required Payments at Auction (Sale in Execution)
    1. A 10% deposit based on your Purchase Price, either in Cash or by Bank
       Guaranteed Cheque to the Sheriff.
    2. Sheriff's Commission based on the purchase price, it is calculated as
       follows, payable by Cash or Bank Guaranteed Cheque:
               a) 6% on the first R30 000 of the Purchase Price
               b) 3,5% on the Balance of the Purchase Price plus Value Added
                   Tax (VAT)
               c) Sheriff's Commission is payable at a minimum of R300
                  (Excluding VAT) and a maximum of R7000 (Excluding
                  VAT) depending on the Purchase price of the property.

       Although the 10% deposit and Sheriff's Commission is not a requirement
       of the Bank, one needs to ensure that they make amicable provision for
       the cost. A Buyer must bear in mind that at the 'fall of the hammer' the
       Deposit or Sheriff's Commission cannot be paid, the property will again
       be put up for Sale.

2.4 Conditions of Sale
On successfully bidding and buying a property the Condition's of Sale document, which
represents the Sale Agreement between the Sheriff and the Buyer, will need to be
signed. It is important to read this document because it sets out all that a buyer is liable
for, some examples of these liabilities are:

1. The Buyer is liable for all the outstanding Municipal Rates and Taxes on the
    property. This will need to be paid before the property can be transferred into the
buyer's name
2. The Property is sold 'Voetstoets', the Sheriff or the Bank will not be held
   liable for any deficiency that is found to exist or is in existence.
3. The Buyer is liable to obtain his own vacant occupation of the property.
4. Transfer Duties, Transfer Costs, as well as Bond Registration costs are
    payable.

3. Private Properties
These are properties where the Customer finds himself in a state of financial difficulty
and as a result has decided to sell his property, but has requested that the Bank assist in
the Marketing and Selling of it. The Bank is solely and exclusively appointed to Market
and Sell the Property and we achieve this by appointing reputable Estate Agents to
market the properties.

Purchasing a property in this manner is the same as if your buying off the Private Market,
the selling of the property is neither a forced Sale as in a Sale in Execution, nor is it a
Property in Possession. As a result, the prices at which we advertise these properties are
always Market related and all relevant Transfer Fees, Duties and Bond Costs are
applicable and payable by the Buyer.

As mentioned, although the Bank is authorised to market and sell the property, it is not
responsible for:
1. The vacancy or the date you wish to take occupation of the property,
2. Any defects (whether patent or latent), and
3. Electrical Compliance or Entomologist Certificates.
3.1 Purchasing Private Properties
Once you have obtained the Marketing list, please refer to the column marked "Agent".
This will tell you the name and telephone number of the Estate Agent working on that
specific property. If there is no Estate Agent details, the contact details of the current
Owner are shown.

Once you have decided on a property you would like to view, you will need to contact:



3.2 An Estate Agent
If an Estate Agent is handling a matter, feel free to contact him/her to enquire on the
status of the property. They will arrange the viewing of the property, as well as, provide
you with the necessary documentation e.g. the Offer to Purchase. The Estate Agent
involved will also attend to the negotiations with the Owner relating to the Occupation
Date of the property.

3.3 Owner
If no Estate Agent is attending to the matter, we will supply you with the contact details of
the Owner on request. Then you need to make an appointment to view the property.
However, please note, that you are responsible for arranging the salient details of the
Agreement, for instance, the Occupation Date. If you wish to submit an Offer to the
Bank, we can supply you with a Private Sale Agreement certified by the Estate Agents'
Affairs Board.


3.4 Submitting an Offer to the Bank
Once you have signed an Offer to Purchase, you will have to provide us with additional
information, namely:

1. Proof of Cash, if you intend purchasing the property cash.

The documentation may be sent to us via fax, mail or electronically scanned and e-
mailed.

For more information on the products and services of Home Loans Credit, contact us on:

Email us       on hlpipmarketing@standardbank.co.za or visit  our webpage
www.standardbank.co.za
(Home Page - Products and services - Home Loans - Buying my Home - Finding a
Property - Properties in Possessions)

Alternatively, you may call one of our consultants, who will gladly assist you:
Phone us on: 0860 103 869

Fax us on: (011) 227 4512.
Yours sincerely

Home Loans Credit
Credit Marketing Department
                                                                                                                                                      Standard Bank of South Africa Ltd.
                                                                                                                                                      No 45 Commissioner Str
                                                                                                                                                      Johannesburg
                                                                                                                                                      Gauteng
                                                                                                                                                      2001
                                                                                                                                                      Email: hlpipmarketing@standardbank.co.za
                                                                                                                                                      www.standardbank.co.za
Property in Possession: Unsold                                                                                                                        0860 103 869
  7/Mar/10                                                                                                                                            Fax no : 011 227 4512



All offer to purchaser on the PIP properties will be closed every Friday at 12 Noon
Will reopen for submission of new offers as the Tuesday following at 12 Noon
 Ref no      Occupant Details   Guarded Y/N    Selling Price               Street Address                     Suburb         Province   Improvement
                                                                                                                                           Beds           0       Bath             0
                                                                                                                                           Study          0       Dining           0
P1446401        Unknown             N         R 550,000.00                  Elysium 107                       Elysium         KZN          Living         0       Storey           0
                                                                         2 Wingrove Lane                                                  Garage          0       Pool             0
                                                                      (Vacant Land 1,000sqm)                                                S/Q           0       Jacuzzi          0
                                                                                                                                          Cottage             0
                                                                                                                                           Beds           3       Bath             3
                                                                                                                                           Study          1       Dining           1
P1386062        Unknown             N         R 2,150,000.00             Erf 737 Pennington                 Pennington        KZN          Living         0       Storey           0
                                                                           6 Whale Road                                                   Garage          2       Pool             0
                                                                                                                                            S/Q           1       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           5       Bath             4
                                                                                                                                           Study          1       Dining           1
P1539851          Guard             Y         R 2,500,000.00             Erf 58 Winterskloof               Winterskloof       KZN          Living         0       Storey           0
                                                                        25 St Micheals Road                                               Garage          4       Pool             1
                                                                                                                                            S/Q           1       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           3       Bath             1
                                                                                                                                           Study          0       Dining           1
P1025842        Unknown             N         R 1,500,000.00           Erf 117 Pietermaritzburg           Pietermaritzburg    KZN          Living         0       Storey           0
                                                                         18 Allan Hirst Drive                                             Garage          1       Pool             1
                                                                                                                                            S/Q           1       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           5       Bath             1
                                                                                                                                           Study          1       Dining           1
 P221286          Guard             Y         R 2,240,000.00        Rem Of Otn 1 Of Erf 325 Bluff              Bluff          KZN          Living         0       Storey           0
                                                                         123 Doble Road                                                   Garage          2       Pool             1
                                                                                                                                            S/Q           0       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           3       Bath             1
                                                                                                                                           Study          0       Dining           1
P1107048        Unknown             N         R 478,000.00            Rem Of Erf 2181 Marburg                Marburg          KZN          Living         0       Storey           0
                                                                          4 Venus Road                                                    Garage          2       Pool             0
                                                                                                                                            S/Q           1       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           3       Bath             2
                                                                                                                                           Study          0       Dining           1
P1768733        Unknown             N         R 1,500,000.00   Section 0006 Nature's Valley Amanzintoti     Amanzintoti       KZN          Living         0       Storey           0
                                                                                                                                          Garage          0       Pool             0
                                                                                                                                            S/Q           0       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           3       Bath             2
                                                                                                                                           Study          1       Dining           1
P1486369        Unknown             N         R 1,750,000.00     Section 0007 Michealpointe Uvongo            Uvongo          KZN          Living         0       Storey           0
                                                                                                                                          Garage          0       Pool             0
                                                                                                                                            S/Q           1       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           3       Bath             2
                                                                                                                                           Study          1       Dining           1
P1438307        Unknown             N         R 1,860,000.00              Erf 245 Umzumbe                   Umzumbe           KZN          Living         0       Storey           0
                                                                           245 Green Lane                                                 Garage          2       Pool             0
                                                                                                                                            S/Q           1       Jacuzzi          0
                                                                                                                                          Cottage             0

                                                                                                                                           Beds           3       Bath             1
                                                                                                                                           Study          0       Dining           1
P1500084        Unknown             N         R 1,780,000.00             Erf 466 Amanzimtoti               Amanzimtoti        KZN          Living         0       Storey           0
                                                                          12 Rockview Road                                                Garage          1       Pool             0
                                                                                                                                            S/Q           1       Jacuzzi          0
                                                                                                                                          Cottage             0
                                                                                                       Beds     4       Bath      2
                                                                                                       Study    1       Dining    1
P1756771   Unknown    N   R 3,250,000.00          Erf 2478 Durban North             Durban      KZN    Living   0       Storey    0
                                                  15 Balgownie Cresent                                Garage    2       Pool      0
                                                                                                        S/Q     1       Jacuzzi   0
                                                                                                      Cottage       0


                                                                                                       Beds     4       Bath      2
P1472588   Unknown    N   R 2,430,000.00       Ptn 2 Of Erf 1813 Wentworth         Wentworth    KZN    Study    0       Kitchen   1
                                                     424 Marine Drive                                  Living   0       WC        0
                                                                                                      Garage    1       Pool      0
                                                                                                        S/Q     1       Other     1
                                                                                                      Cottage
                                                                                                       Beds     3       Bath      2
                                                                                                       Study    0       Dining    1
P1754554   Unknown    N   R 520,000.00             Erf 4884 Empangeni              Empangeni    KZN    Living   1       Storey    0
                                                   26 Thekwane Street                                 Garage    1       Pool      0
                                                                                                        S/Q     0       Jacuzzi   0
                                                                                                      Cottage       0

                                                                                                       Beds     3       Bath      2
                                                                                                       Study    0       Dining    1
P1788848   Unknown    N   R 1,855,000.00      Ptn 5 Of Erf 1465 Wentworth          Wentworth    KZN    Living   1       Storey    0
                                                     31 Fowey Ave                                     Garage    1       Pool      0
                                                                                                        S/Q     0       Jacuzzi   0
                                                                                                      Cottage       1

                                                                                                       Beds     3       Bath      1
                                                                                                       Study    0       Dining    1
P1554491   Unknown    N   R 1,200,000.00    Ptn 363 ( Of 2 ) Of Lot 2 No. 1668     Umkomass     KZN    Living   1       Storey    0
                                                  14 Widenham Drive                                   Garage    2       Pool      0
                                                                                                        S/Q     0       Jacuzzi   0
                                                                                                      Cottage       0

                                                                                                       Beds     3       Bath      2   3
                                                                                                       Study    0       Dining    1
P280409    Unknown    N   R 1,350,000.00      Ptn 11 Pf Erf 517 Cato Manor          Durban      KZN    Living   1       Storey    0   0
                                                    48 Malcolm Road                                   Garage    1       Pool      1   0
                                                                                                        S/Q     2       Jacuzzi   0
                                                                                                      Cottage       0
                                                                                                                                      1
                                                                                                       Beds     7       Bath      4   3
                                                                                                       Study    1       Dining    1
P948791    Unknown    Y   R 2,200,000.00             903 Harrismith                Harrismith   KZN    Living   1       Storey    0   0
                                                    62 Greyling Street                                Garage    1       Pool      1   0
                                                                                                        S/Q     1       Jacuzzi   0
                                                                                                      Cottage       1
                                                                                                                                      1
                                                                                                       Beds     3       Bath      3   3
                                                                                                       Study    0       Dining    1
P52696     Unknown    Y   R 1,500,000.00           Sec 02 Areca Mews                Durban      KZN    Living   1       Storey    0   0
                                                 280 Percy Osborne Road                               Garage    1       Pool      0   0
                                                                                                        S/Q     0       Jacuzzi   0
                                                                                                      Cottage       0
                                                                                                                                      1
                                                                                                       Beds     4       Bath      1   3
                                                                                                       Study    1       Dining    1
P759312    Occupied   N   R 1,200,000.00   Rem Of Erf 2731 Reservoir Hills Ext 7    Durban      KZN    Living   1       Storey    0   0
                                                   106 Hatfield Road                                  Garage    2       Pool      0   0
                                                                                                        S/Q     2       Jacuzzi   0
                                                                                                      Cottage       1
                                                                                                                                      1
                                                                                                                            Beds     3       Bath          1   3
                                                                                                                            Study    0       Dining        1
P1617169    Occupied     N   R 960,000.00                       Erf 9 Umkomaas                       Umkomaas        KZN    Living   1       Storey        0   0
                                                               4 Shepstone Road                                            Garage    2       Pool          0   0
                                                                                                                             S/Q     0       Jacuzzi       0
                                                                                                                           Cottage       1
                                                                                                                                                               1
                                                                                                                            Beds     3       Bath          2   3
                                                                                                                            Study    0       Dining        1
P1823310     Vacant      N   R 1,300,000.00                Sect 12 SS Natures Valley                Amanzimtoti      KZN    Living   1       Storey        0   0
                                                              82 Riverside Road                                            Garage    2       Pool          0   0
                                                                                                                             S/Q     0       Jacuzzi       0
                                                                                                                           Cottage       0
                                                                                                                                                               1
                                                                                                                            Beds     4       Bath          3   3
                                                                                                                            Study    1       Dining        1
P1551375     Vacant      N   R 2,000,000.00       Ptn 140 ( 139 ) Of The Farm Gillittts No. 1382       Gillitts      KZN    Living   1       Storey        0   0
                                                               10 Stockville Road                                          Garage    9       Pool          0   0
                                                                                                                             S/Q     1       Jacuzzi       0
                                                                                                                           Cottage       1             0
                                                                                                                                                               1
                                                                                                                            Beds     0       Bath          0
                                                                                                                            Study    0       Dining        0
P1324841   Vacant Land   N   R 400,000.00                   Erf 10268 Plettenburg Bay              Plettenburg Bay   KZN    Living   0       Storey        0
                                                       . Ptn 100 of the Farm Brakkloof 443                                 Garage    0       Pool          0
                                                                   Vacant Land                                               S/Q     0       Jacuzzi       0
                                                                     565 SQM                                               Cottage       0

                                                                                                                            Beds     0       Bath          0
                                                                                                                            Study    0       Dining        0
P1105962   Vacant Land   N   R 320,000.00                  Ptn 2 Of Erf 3019 Westville                Westville      KZN    Living   0       Storey        0
                                                               90A Meerut Road                                             Garage    0       Pool          0
                                                                  Vacant Land                                                S/Q     0       Jacuzzi       0
                                                                   1910 SQM                                                Cottage       0

                                                                                                                            Beds     0       Bath          0
                                                                                                                            Study    0       Dining        0
P1244401   Vacant Land   N   R 140,000.00                      Erf 399 Hibberdene                     Margate        KZN    Living   0       Storey        0
                                                                1 Ikewezi Estate                                           Garage    0       Pool          0
                                                                  Vacant Land                                                S/Q     0       Jacuzzi       0
                                                                    1200 SQM                                               Cottage       0

                                                                                                                            Beds     3       Bath          2
                                                                                                                            Study    0       Dining        1
P1676130    Unknown      N   R 1,040,000.00                   Sec 8 Natures Valley                  Amanzimtoti      KZN    Living   1       Storey        0
                                                               82 Riverside Road                                           Garage    2       Pool          0
                                                                                                                             S/Q     0       Jacuzzi       0
                                                                                                                           Cottage       1

                                                                                                                            Beds     2       Bath          2
                                                                                                                            Study    0       Dining        1
P1527117    Guarded      N   R 520,000.00                        Sec 8 Inkwazi                        Margate        KZN    Living   1       Storey        0
                                                                 Erasmus Road                                              Garage    0       Pool          0
                                                                                                                             S/Q     0       Jacuzzi       0
                                                                                                                           Cottage       0

                                                                                                                            Beds     3       Bath          1
                                                                                                                            Study    0       Dining        1
P742203     Unknown      N   R 640,000.00                ERF 869 SCOTTBURGH                          Scottburg       KZN    Living   2       Storey        0
                                                 22 SCOTTBURGH CENTRE , SCOTT STREET                                       Garage    1       Pool          0
                                                                                                                             S/Q     0       Jacuzzi       0
                                                                                                                           Cottage       0

                                                                                                                            Beds     0       Bath          0
                                                                                                                            Study    0       Dining        0
P1452068    Unknown      N   R 1,000,000.00   ERF 428 FARM STERKSPRUIT NO 907 FT HILLCREST            Hillcrest      KZN    Living   0       Storey        0
                                                          41 WOODFORD GROVE                                                Garage    0       Pool          0
                                                                                                                             S/Q     0       Jacuzzi       0
                                                                                                                           Cottage       0
                                                                                                      Beds     3       Bath      2
                                                                                                      Study    0       Dining    1
P689458    Unknown   N   R 1,040,000.00        ERF 821 PENNINGTON                 Scottburg    KZN    Living   0       Storey    0
                                                58 DOLPHIN DRIVE                                     Garage    1       Pool      0
                                                                                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       1

                                                                                                      Beds     0       Bath      0
                                                                                                      Study    0       Dining    0
P1506935   Unknown   N   R 240,000.00            ERF 93 MTWALUMI                  Scottburg    KZN    Living   0       Storey    0
                                                 93 THE CAPSTAN                                      Garage    0       Pool      0
                                                   (Vacant Land)                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       0

                                                                                                      Beds     0       Bath      0
                                                                                                      Study    0       Dining    0
p1630423   Unknown   N   R 390,000.00       ERF 865 SHEFFIELD BEACH                Stanger     KZN    Living   0       Storey    0
                                                CHAIRMAN'S REST                                      Garage    0       Pool      0
                                                  (Vacant Land)                                        S/Q     0       Jacuzzi   0
                                                                                                     Cottage       0

                                                                                                      Beds     2       Bath      1
                                                                                                      Study    0       Dining    0
P1046082   Unknown   N   R 900,000.00            Sec 2 Bowdan Mews                 Durban      KZN    Living   1       Storey    0
                                                 29/31 Brand Avenue                                  Garage    1       Pool      0
                                                                                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       0

                                                                                                      Beds     3       Bath      2
                                                                                                      Study    0       Dining    1
P1470765   Unknown   N   R 950,000.00           Sec 24 Natures Valley            Amanzimtoti   KZN    Living   1       Storey    0
                                                 82 Riverside Road                                   Garage    2       Pool      0
                                                                                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       0

                                                                                                      Beds     3       Bath      5
                                                                                                      Study    1       Dining    1
P726667    Unknown   N   R 900,000.00            Erf 334 Oslo Beach              Empangeni     KZN    Living   1       Storey    0
                                                   15 Range Rioad                                    Garage    0       Pool      0
                                                                                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       1

                                                                                                      Beds     3       Bath      5
                                                                                                      Study    1       Dining    1
P9763321   Unknown   N   R 350,000.00            Erf 5543 Newcastle               Newcastle    KZN    Living   1       Storey    0
                                                   117 Amatikulu                                     Garage    0       Pool      0
                                                                                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       1

                                                                                                      Beds     0       Bath      0
                                                                                                      Study    0       Dining    0
P1161576   Unknown   N   R 650,000.00            Erf 4880 Newcastle               Newcastle    KZN    Living   0       Storey    0
                                                 8 Marguerite Street                                 Garage    0       Pool      0
                                                                                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       0

                                                                                                      Beds     3       Bath      1
                                                                                                      Study    0       Dining    1
P1713939    Guard    Y   R 1,100,000.00       Ptn 157 Of Erf 1706 Bluff           Wentworth    KZN    Living   1       Storey    0
                                                  107 Garlin Place                                   Garage    2       Pool      1
                                                                                                       S/Q     1       Jacuzzi   0
                                                                                                     Cottage       0

                                                                                                      Beds     0       Bath      0
                                                                                                      Study    0       Dining    0
P1810781   Unknown   Y   R 300,000.00     Ptn 27 (of14) Of Erf 470 Foresthills     Durban      KZN    Living   0       Storey    0
                                                    470 Forest Hills                                 Garage    0       Pool      0
                                                     Vacant Land                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       0

                                                                                                      Beds     3       Bath      1
                                                                                                      Study    1       Dining    0
P498133    Unknown   Y   R 600,000.00           Sec 7 Riverside Estate             Durban      KZN    Living   1       Storey    0
                                               115 Mountain Rise Road                                Garage    0       Pool      0
                                                                                                       S/Q     0       Jacuzzi   0
                                                                                                     Cottage       0
                                                                                                               Beds     0       Bath      0
                                                                                                               Study    0       Dining    0
P1711122   Unknown   Y   R 850,000.00                Erf 1747 Hillcrest                   Hillcrest     KZN    Living   0       Storey    0
                                                     Cotswold Downs                                           Garage    0       Pool      0
                                                                                                                S/Q     0       Jacuzzi   0
                                                       Vacant Land                                            Cottage       0

                                                                                                               Beds     1       Bath      1
                                                                                                               Study    0       Dining    0
P1042220   Unknown   Y   R 500,000.00               Sec 252 Sweetwaters                 Amanzimtoti     KZN    Living   0       Storey    0
                                                      16 Beach Road                                           Garage    0       Pool      0
                                                                                                                S/Q     0       Jacuzzi   0
                                                                                                              Cottage       0

                                                                                                               Beds     2       Bath      1
                                                                                                               Study    0       Dining    0
P779893    Unknown   Y   R 390,000.00                Sec 20 Alupark                     Empangeni       KZN    Living   1       Storey    0
                                                  WEIGHTMAN AVENUE                                            Garage    1       Pool      0
                                                                                                                S/Q     0       Jacuzzi   0
                                                                                                              Cottage       0

                                                                                                               Beds     3       Bath      1
                                                                                                               Study    0       Dining    0
P1312760   Unknown   Y   R 700,000.00               Erf 815 Leisure Bay                Port Shepstone   KZN    Living   1       Storey    0
                                                                                                              Garage    1       Pool      0
                                                                                                                S/Q     0       Jacuzzi   0
                                                                                                              Cottage       0

                                                                                                               Beds     4       Bath      2
                                                                                                               Study    0       Dining    1
P1346631   Unknown   Y   R 800,000.00                Erf 288 Mtubatuba                    Durban        KZN    Living   2       Storey    0
                                                      288 dals place                                          Garage    2       Pool      0
                                                                                                                S/Q     0       Jacuzzi   0
                                                                                                              Cottage       1

                                                                                                               Beds     0       Bath      0
                                                                                                               Study    0       Dining    0
P1559085   Unknown   Y   R 180,000.00            Erf 1878 Kingsburg Ext.19                Durban        KZN    Living   0       Storey    0
                                                     18 Karridale Drive                                       Garage    0       Pool      0
                                                      ( Vacant Land)                                            S/Q     0       Jacuzzi   0
                                                                                                              Cottage       0

                                                                                                               Beds     3       Bath      1
                                                                                                               Study    0       Dining    1
P1827928   Unknown   Y   R 750,000.00             Erf 189 Kwambonambi                   Empangeni       KZN    Living   1       Storey    0
                                                  36 Glendower Crescent                                       Garage    2       Pool      0
                                                                                                                S/Q     0       Jacuzzi   0
                                                                                                              Cottage       0

                                                                                                               Beds     3       Bath      1
                                                                                                               Study    0       Dining    1
P1693932   Guarded   Y   R 850,000.00   Rem Of Otn 118 (Ptn 40) of Erf 1715 Wentorth     Wentworth      KZN    Living   1       Storey    0
                                                     51 Bayview Road                                          Garage    2       Pool      0
                                                                                                                S/Q     0       Jacuzzi   0
                                                                                                              Cottage       1


                                                                                                              Beds      3       Bath      2
                                                                                                              Study     0       Kitchen   1
                 SALE AGREEMENT: SCHEDULE


1    SELLER:                        STANDARD BANK OF SA LIMITED
2    PIP NO. / ACC. NO.
3    PURCHASER: (NAME)
4    PROPERTY:
     - ERF NO.
     - STREET ADDRESS
     - SUBURB
     - CITY
     - BUILDING NAME
     - UNIT NUMBER
     - FLAT NUMBER
     - EXCLUSIVE AREA
5    PURCHASE PRICE:                R
     - DEPOSIT                      R
     - BALANCE                      R
6    -OCCUPATION DATE:              NOT APPLICABLE
7    OCCUPATIONAL RENTAL:           R
     AGENT: 1. NAME:
                 TEL NO:
                 FAX NO:
                 E-MAIL ADDRESS
                 FEDILITY NUMBER:
              2. NAME:
                 TEL NO:
                 FAX NO:
                 E-MAIL ADDRESS:
                 FEDILITY NUMBER:
8    SELLING COMMISSION             1. R
     (INCLUSIVE OF VAT)
                                    2. R
 9   TRANSFER ATTORNEYS
10   BOND REQUIRED                  R
                                                ANNEXURE

1.   SALE
                   The SELLER sells to the PURCHASER who purchases the property.


2.   PAYMENT OF PURCHASE PRICE


     2.1           The deposit will be paid in cash upon signature hereof and will be deposited with the TRANSFER
                   ATTORNEYS, who shall hold same in an interest bearing account with a financial institution under the
                   control of the said attorneys, pending registration of transfer, the interest on such investment to accrue
                   for the benefit of the PURCHASER.

     2.2           The balance of __________(_________________________________________________Rands) shall
                   be paid upon registration of transfer of the property into the name of the PURCHASER and shall be
                   secured by the issue to the SELLER of an acceptable bank guarantee either:

                   2.2.1         within 14 (FOURTEEN) days of date of last signature of this agreement; or


                   2.2.2         if the PURCHASER requires a Bond, within 14 (FOURTEEN) days of written confirmation
                                 of such bond grant by the institution granting same.

3.   RISK IN THE PROPERTY


     Risk and benefit of ownership and liability for rates/levies will pass to the PURCHASER on transfer.


4.   OCCUPATION


     4.1           The SELLER does not warrant that the PURCHASER will receive vacant occupation of the property on
                   the TRANSFER DATE. The PURCHASER accordingly acknowledges that he will at his own expense
                   obtain occupation of the property.

     4.2           The PURCHASER shall not, without the SELLER's prior written consent, effect any improvements or
                   renovations to the property prior to taking transfer.

     4.3           If any improvements are made to the property by the PURCHASER with out without the SELLER'S
                   consent, sole risk in same shall at all times be the PURCHASER's.

     4.4           The PURCHASER shall pay OCCUPATIONAL RENTAL, monthly in advance to the SELLER'S Attorneys.



     4.5           The PURCHASER shall, in addition to OCCUPATIONAL RENTAL, also pay for all water and electricity
                   consumed in the property from the OCCUPATION DATE.

     4.6           Notwithstanding the provision of Clause 4.1 the PURCHASER shall not take OCCUPATION of the
                   property unless:

                   4.6.1         he has arranged for the transfer of the water and electricity account into his name; and



                   4.6.2         the Bond for which he has applied has been granted.




5.   SELLING COMMISSION


     5.1           The SELLER shall instruct its attorneys to pay selling commission to the AGENT on the TRANSFER
                   DATE or as soon as possible thereafter in the amount/s agreed with the AGENT.

     5.2           In the event of this sale being cancelled due to the PURCHASER's breach or of the PURCHASER
                   having unlawfully repudiated this contract or having failed to fulfil an obligation in terms hereof, the
                   PURCHASER shall be deemed to be indebted to the AGENT in respect of AGENT's commission. In such
                   circumstances, the AGENT shall have no claim for commission against the SELLER but this clause shall
                   be construed as a stipulation for the benefit of the AGENT in giving rise to an action by the AGENT
                   against the PURCHASER.

6.   CONVEYANCING COSTS


                   Transfer and Bond registration costs (including VAT thereon) shall be paid by the PURCHASER on
                   demand therefor by the TRANSFER ATTORNEYS.
7.    CONDITION OF PROPERTY


      7.1           The property is sold 'voetstoots' without warranties, express or implied. The SELLER shall not be liable
                    for any defects, latent or otherwise or for any damage occasioned by such defects.

      7.2           The property is sold subject to all the conditions, burdens and servitudes referred to in the Title Deeds or
                    Sectional Plans of the property and to all such other conditions, burdens, servitudes and rules which may
                    exist in regard thereto.

      7.3           The PURCHASER is deemed to be acquainted with the nature, conditions, extent and locality of the

                    property, the SELLER and the SELLER'S agents being entirely free from all liability in respect thereof.

      7.4           The SELLER shall not be liable for any deficiency in the extent of the property, which may be revealed on
                    any re-survey; nor shall the SELLER benefit by any excess.

8.    ELECTRICAL COMPLIANCE CERTIFICATE


      The Parties are aware that in terms of Government Regulation No. R2920 of 23rd October 1992, of the Machinery and
      Occupational Safety Act 6 of 1983, as amended, if there is a Change of Ownership of the Premises on which any
      electrical installation exists, the User shall have a Valid Certificate of Compliance for such installation. The SELLER
      shall at his cost obtain a Certificate of Compliance and deliver such Certificate to the PURCHASER before date of
      Occupation or Registration of Transfer, whichever takes place first.


9.    PROPERTIES IN KWA-ZULU NATAL AND THE WESTERN CAPE ONLY


      9.1           If so required by the PURCHASER in writing within 21 (TWENTY ONE) days of signature hereof, the
                    SELLER shall at his expense have the buildings on the property inspected by an entomologist within a
                    period of 21 (TWENTY ONE) days from date of receipt of such request.

      9.2           It it is discovered within the latter 21 (TWENTY ONE) day period, that there is or has been any infestation
                    by time destroying or boring insects or that any timber has been infected by either hylotrupes bajulus or
                    exypleuris nodierie, the SELLER shall have the buildings on the property treated and rendered free from
                    apparent infestation.

      9.3           The SELLER shall prior to the Registration of Transfer of the property into the name of the PURCHASER
                    furnish the PURCHASER with a Certificate from the entomologist to the effect that:

                    9.3.1         all buildings on the property have been inspected for infestation by white ants,
                                  cryptotermes brevis or other timber destroying or boring insects;

                    9.3.2         the buildings are apparently free from infestation.


                                  (DELETE IF NOT APPLICABLE)



10.   BANK EMPLOYEES


      10.1          I (the PURCHASER) warrant that I am not an Employee or a Director of The Standard Bank Group
                    Limited or any of its subsidiaries or associates;

      10.2          If I am an Employee or a Director of The Standard Bank Group Limited or any of its subsidiaries or
                    associates, I am required in terms of S91(2) of the Bank's Act 94 of 1990, as amended, to disclose this
                    information at the time of concluding this agreement. Failure to do so would put me in Breach of this
                    Agreement.

11.   BREACH


      11.1          If the PURCHASER commits any breach of this Sale and fails to remedy such Breach within 14
                    (FOURTEEN) days after the posting to the PURCHASER, by registered post or of hand delivery or
                    facsimile transmission, of a Written Notice requiring the PURCHASER to remedy the said Breach, then
                    the SELLER shall be entitled either -

                    11.1.1        to claim payment of all amounts payable in terms of this sale, whether or not such amounts
                                  are then due for payment; or

                    11.1.2        to cancel this sale by Written Notice to the PURCHASER. The cancellation shall be
                                  deemed to take effect on the date of posting by prepaid registered post or hand delivery or
                                  facsimile transmission of the Notice to the PURCHASER.
      11.2        In the event of such cancellation -


                  11.2.1        the PURCHASER shall deliver possession and occupation of the property and any
                                improvements thereon to the SELLER at the PURCHASER's expense;

                  11.2.2        the PURCHASER shall have no claim for compensation for any improvements on the
                                property, which improvements shall vest in the SELLER;

                  11.2.3        Any amounts paid by the PURCHASER to the SELLER shall be forfeited to the SELLER as
                                'Rouwkoop' or a genuine pre-estimate of liquidated damages or, alternatively, at the
                                SELLER's option, the SELLER shall be entitled to claim and recover such damages as the
                                SELLER may have suffered, pending the determination of which the SELLER shall be
                                entitled to retain all such amounts to be set off against the said damages upon the
                                determination thereof.

      11.3        All legal costs incurred by the SELLER as a result of the implementation of this Clause 11 shall be paid
                  by the PURCHASER.




12.   SUSPENSIVE CONDITION


      12.1        This Agreement of Sale is subject to the Suspensive condition that the PURCHASER (or the SELLER on
                  his behalf) is able to raise a loan in the sum of R____________(_______________
                  __________________________Rands) to be secured by the registration of a FIRST Mortgage Bond
                  over the property in favour of a registered deposit taking institution, approved by the SELLER, within 14
                  (FOURTEEN) days of signature hereof.



      12.2        If the abovementioned condition is not fulfilled within the time stipulated or such extended period as the
                  SELLER may agree to in writing, this Agreement shall lapse and become Null and Void, in which event
                  the PURCHASER's deposit, together with interest shall be refunded to him.




13.   SIGNATURE BY PURCHASER IN A REPRESENTATIVE CAPACITY


      13.1        If the PURCHASER signs this Agreement in his capacity as Trustee for a Company or Close Corporation
                  to be formed, such Company or Close Corporation shall be formed and this Agreement ratified by it within
                  30 (THIRTY) days of signature hereof, failing which the PURCHASER shall be deemed to have signed
                  this Agreement in his personal capacity and shall be personally liable for fulfilment of the PURCHASER's
                  obligations as set out herein, which will include Transfer being registered in his name.

      13.2        If the PURCHASER signs this Agreement in his capacity as Trustee for a Trust to be formed, he
                  acknowledges that on formation of the Trust a substitution Agreement of Sale on exactly the same terms
                  and conditions contained in this Agreement is to be executed. The PURCHASER further undertakes to
                  execute such substitution Agreement as and when required to do so by the SELLER's Attorneys.

      13.3        Notwithstanding the Registration of the Company or Close Corporation or the formation of the Trust, as
                  contemplated in 13.1 and 13.2, the PURCHASER shall in any event be liable as Surety and Co-Principal
                  Debtor for the due fulfilment of the Company, Close Corporation or Trust's obligations in terms hereof.


14.   PURCHASER'S RIGHT TO WITHDRAW


      The PURCHASER may withdraw from this Agreement if:-


      14.1        The PURCHASER is a natural person;


      14.2        The PURCHASE PRICE is R250 000-00 (Two Hundred and Fifty Thousand Rand) or less; and


      14.3        The PURCHASER does so within 5 (FIVE) business days calculated from the date of the PURCHASER's
                  signature on this Agreement (excluding the actual date of signature); and irrespective of whether or not
                  the SELLER has signed.

      14.4        Written Notice of the Withdrawal is delivered to the SELLER, the AGENT or the SELLER's Attorneys
                  within the said period of 5(FIVE) days.
15.          GENERAL


             15.1          This Annexure together with the Schedule and the Addendum constitutes the entire Agreement between
                           the Parties.

             15.2          No Party shall be bound by any Express or Implied Term, Representation, Warranty, Promise or the like
                           not recorded herein.
             15.3          No Addition to, Variation, or Agreed Cancellation of this Agreement shall be of any force or effect unless
                           in writing and signed by or on behalf of both Parties.

             15.4          No Indulgence which the SELLER may grant to the PURCHASER shall constitute a Novation of this
                           Agreement or a Waiver of any of the Rights of the SELLER, who shall not thereby be precluded from
                           exercising any Rights against the PURCHASER, which may have arisen in the past or which might arise
                           in the future.

Signed by the Parties on the Dates and at the Places mentioned below.




____________________            ____________________              ____________________
DATE                            PLACE                              MANAGER




____________________            ____________________              ____________________
DATE                            PLACE                              PURCHASER




____________________            ____________________              ____________________
DATE                            PLACE                              AGENT
            ADDENDUM: PURCHASER'S PARTICULARS

      FULL NAMES:
      IDENTITY NUMBER:
      DATE OF BIRTH:
      MARITAL STATUS (TICK WHICH IS
      APPLICABLE)
(A)   SINGLE:
(B)   DIVORCED:
(C)   WIDOWED:
(D)   MARRIED IN COMMUNITY OF PROPERTY


(E)   MARRIED OUT OF COMMUNITY OF


      PROPERTY (ANC)
(F)   MARRIED OUTSIDE OF R.S.A.
      SPOUSE'S PARTICULARS:
      (1) FULL NAMES:
      (2) IDENTITY NUMBER:
      (3) DATE OF BIRTH:
      (4) PRESENT RESIDENTIAL
         ADDRESS:




      (5) BUSINESS ADDRESS:




      (6) EMPLOYER'S NAME:
      CONTACT NUMBERS (MUST BE
      COMPLETED) :
      (1) HOME TELEPHONE
            NUMBER:
      (2) BUSINESS TELEPHONE
            NUMBER
      (3) FAX NUMBER:
      (4) CELL NUMBER:
      (5) OTHER/ALTERNATIVE NUMBER
      (SPECIFY ADDRESS
      (6) E-MAILWHOSE)

				
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