Your Property Purchase Collapses: Can You Get Your Deposit Back?
KVV Inc AttorneysPublished on: 19/06/2026
A failed R17.25 million property sale raised key issues around deposit forfeiture, bank guarantees, penalty clauses, and cancellation rights under South African contract law and the Conventional Penalties Act.
Deposit forfeiture property sale South AfricaRouwkoop clause vs penalty clauseBank guarantee property purchase failureConventional Penalties Act section 3Cancellation of property sale agreement
