Buyer's Guide
Understanding an Offer to Purchase
The Offer to Purchase (OTP) is the most important document in a South African property deal. Once signed by both parties, it is a binding contract — inclu…
Understanding an Offer to Purchase
The Offer to Purchase (OTP) is the most important document in a South African property deal. Once signed by both parties, it is a binding contract — including for Howick and Midlands private sales.
Essential clauses
- Purchase price and deposit
- Suspensive conditions (bond, sale of existing property)
- Occupation date and occupational rent
- Fixtures and fittings included
- Voetstoots clause and defect disclosures
- Compliance certificate requirements
- Transfer and registration timeline
- Who appoints the conveyancer
Always have your OTP reviewed by a conveyancer before signing. Selling without an agent? See attorney-assisted private sales.
This guide is for general information only and does not constitute legal advice.