Waiving the Bond Clause to Keep a Sale Alive: Risk Versus Reward

Waiving the Bond Clause to Keep a Sale Alive: Risk Versus Reward

Waiving the Bond Clause to Keep a Sale Alive: Risk Versus RewardKVV Inc Attorneys
Published on: 04/03/2025

A buyer's offer to pay cash for a property after a bond clause deadline expired did not constitute a valid waiver of the clause, the Supreme Court of Appeal ruled. The sale agreement lapsed, entitling the buyer to a full refund of their deposit. The seller failed to prove the buyer's clear intent to waive their rights, as required by law and the agreement's terms.

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KVV Inc. Attorneys: Celebrating 10 Years of Excellence in Property Law and Conveyancing.

Fostering Partnerships,

Driving Results.

© KVV Inc. Attorneys 2025.

All Rights Reserved. Privacy Policy | POPIA