Real estate Market - Assignment Sample

Running head: REAL ESTATE
Real Estate
Name of the Student:
Name of the University:
Authors Note:

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Contents
Reply to the letter:...........................................................................................................................2
Power of attorney:............................................................................................................................3
Personal affidavit:............................................................................................................................4
Affidavit by seller:...........................................................................................................................5
Personal affidavit:............................................................................................................................6
Affidavit by seller:...........................................................................................................................6
Preparation of pro-forma account in respect of transfer costs:........................................................7
Deed of transfer:............................................................................................................................19
DEED OF TRANSFER.................................................................................................................19
Certificate:.....................................................................................................................................25
Conveyancer Certificate:...............................................................................................................25
References:....................................................................................................................................27

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Reply to the letter:
Maxwell & Associates
Attorneys
9th Floor
Sunrise House
D R Preston S W Foster Garden Avenue
L P Lucas L Y McIntosh Durban, 4001
Tel: [phone] PO box 1598
Fax: [phone] Durban 4000
Your ref: LW/sep Our ref:
Reply to the letter of Dean’s Real Estates:
Dean’s Real Estates,
82 Long Road, Sunny Hill,
Durban, PO: 4001.
Ref: Reply to the invitation to attend the transfer of 58 Bulrush Street, Sea View, Durban.
Respected sir,
It is with great joy we would like to inform you that our representative shall attend the transfer

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of 58 Bulrush Street, Sea View Durban property as per your invitation. As the sale is subjected
to Clause 16.1 and since all conditions related to suspense have been fulfilled thus, we will send
our represented to attend the transfer of above property (McCluskey & Franzsen, 2017).
We have made all arrangement to cover for your selling commission of R60800,00 inclusive of
VAT. You will receive the sale commission as per the agreement as soon as sale transaction
completes (Fjeldstad, Ali & Goodfellow, 2017).
Yours faithfully,
Maxwell & Associates.
Power of attorney:
POWER OF ATTORNEY TO PASS TRANSFER
I/ We under signed:
Vincent David Angus of 8 Francis Road, Durban PO Box 318, Durban (Here in after to be
referred to as seller).
Do hereby nominate and appoint:
Dean’s Real Estates of 82 Long Road, Sunny Hill, Durban 4001.
With power of substitution…………………………………………………………………………
The property described as:

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58 Bulrush Street, Sea View, Durban.
…………………….
……………………………….. (RAND)
……………………………………………………………………………………………………..
……………………………………………………………………………………………………..
Signed at: Pietermaritzburg on: 13 October 2018.
In the presence of the undersigned witnesses:
As witness:
1. S W Foster
2. L Y McIntosh
Personal affidavit:
PERSONAL AFFIDAVIT
I, the undersigned,
John Ernest Young
Here by make oath as following.
1. The full name stated in the document is proper and correct.
2. The Government of Republic of South Africa has issued an identity document in accordance with
Regulation 18(1) of the Deeds Registry Act 1937 and I am in possession of the identity

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document. The information in this document is correct and in accordance with the document
(Agboola, Scofield & Amidu, 2017).
3. I am married.
4. The full name of my spouse is Mrs Elizabeth Anne Young.
5. I am a solvent person as on the date of the agreement.
(Signature of John Ernest Young)
Affidavit by seller:
AFFIDAVIT BY SELLER
I, the undersigned,
Vincent David Angus.
Here by make oath as following.
1. The full name stated in the document is proper and correct.
2. Residential address of mine is as following:
8 Francis Road, Durban, PO Box: 318, Durban.
3. The income tax reference number of mine is 1342/0316/25/6 (Davy, 2016).
(Signature of Vincent David Angus)

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Personal affidavit:
PERSONAL AFFIDAVIT
I, the undersigned,
Elizabeth Anne Young
Here by make oath as following.
1. The full name stated in the document is proper and correct.
2. The Government of Republic of South Africa has issued an identity document in accordance with
Regulation 18(1) of the Deeds Registry Act 1937 and I am in possession of the identity
document. The information in this document is correct and in accordance with the document.
3. I am married.
4. The full name of my spouse is Mr. John Ernest Young.
5. I am a solvent person as on the date of the agreement (Hooghiemstra & Cloete, 2018).
(Signature of Elizabeth Anne Young)
Affidavit by seller:
AFFIDAVIT BY SELLER
I, the undersigned,
Mrs Lisa Angus.
Here by make oath as following.

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1. The full name stated in the document is proper and correct.
2. Residential address of mine is as following:
8 Francis Road, Durban, PO Box: 318, Durban.
3. The income tax reference number of mine is 1223/0234/24/9 (Hall & Kepe, 2017).
(Signature of Mrs Lisa Angus)
Preparation of pro-forma account in respect of transfer costs:
Details of seller:
Name/ Names Mr Vincent David Angus
Mrs Angus
Income tax reference number of Mr Angus 1342/0316/25/6
Income tax reference number of Mrs Angus 1223/0234/24/9

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Details of purchaser:
Name/ Names Mr John Ernest Young
Mrs Young
Income tax reference number of Mr Young 2431/7114/71/9
Income tax reference number of Mrs Young 1242/0451/63/9
The intention of purchaser in buying the property:
The purchaser, i.e. Mr Young intends to use the property as his primary residence.
The VAT registration number of Estate Agent: 4347160312.
Value of the property as per Municipal Valuation is R 613021,00.
Declaration by seller
Name of the seller (transferor 1) Vincent David Angus
Identity No. 241009-7132-007 Income tax reference no. 1342/0316/25/6

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Name of the seller (transferor 2) Stella Marie Angus
Identity No. 260315-0016-057 Income tax reference no.
1223/0234/24/9
Date of property acquired by seller 21/08/1989 Value R 60000, 00
Details of Estate Agency
Name of estate agency Dean's Real Estates
Commission payable to agency
including Value Added Tax (VAT)
R 60800,00 VAT Registration no. of
estate: 434716 0312
Name of the estate agent Lesley Wilson
Details of sale of transaction:
Date of transaction 13-Oct-18 Sale value R780000,00
Valuation by local authority R613021,00 Any other consideration payable
Occupational rent / interest paid or
payable
R 4500,00
Total R784500,00
Transaction subjected to CGT? Yes 10,890 Square feet

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Occupied for primary residential
purpose
Yes
Other are all No
PERSONAL AFFIDAVIT
I, the undersigned,
Vincent David Angus.
Here by make oath as following.
1. The full name stated in the document is proper and correct.
2. Residential address of mine is as following:
8 Francis Road, Durban, PO Box: 318, Durban.
3. The income tax reference number of mine is 1342/0316/25/6 (Derman & Hellum, 2016).
(Signature of Vincent David Angus)
AFFIDAVIT BY PURCHASER

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I, the undersigned,
John Ernest Young
Here by make oath as following.
1. The full name stated in the document is proper and correct.
2. The Government of Republic of South Africa has issued an identity document in accordance with
Regulation 18(1) of the Deeds Registry Act 1937 and I am in possession of the identity
document. The information in this document is correct and in accordance with the document.
3. I am married.
4. The full name of my spouse is Mrs Elizabeth Anne Young.
5. I am a solvent person as on the date of the agreement (Weinberg, 2015).
(Signature of John Ernest Young)
PERSONAL AFFIDAVIT
I, the undersigned,
Mrs Lisa Angus.
Here by make oath as following.
1. The full name stated in the document is proper and correct.
2. Residential address of mine is as following:
8 Francis Road, Durban, PO Box: 318, Durban.

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3. The income tax reference number of mine is 1223/0234/24/9.
(Signature of Mrs Lisa Angus)
AFFIDAVIT BY PURCHASER
I, the undersigned,
Elizabeth Anne Young
Here by make oath as following.
1. The full name stated in the document is proper and correct.
2. The Government of Republic of South Africa has issued an identity document in accordance with
Regulation 18(1) of the Deeds Registry Act 1937 and I am in possession of the identity
document. The information in this document is correct and in accordance with the document.
3. I am married.
4. The full name of my spouse is Mr. John Ernest Young.
5. I am a solvent person as on the date of the agreement.
(Signature of Elizabeth Anne Young)

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Declaration by seller
Name of the seller (transferor 1) Vincent David Angus
Identity 241009-7132-
007
1342/0316/25/6
Name of the seller (transferor 2) Stella Marie Angus
Identity 260315-0016-
057
1223/0234/24/9
Date of property acquired by seller 21-Aug-89 Value R 60000, 00
Details of Estate Agency
Name of estate agency Dean's Real Estates
Commission payable to agency including
Value Added Tax (VAT)
R 60800,00 VAT Registration
no. of estate
434716 0312
Name of the estate agent Lesley Wilson
Details of sale of transaction
Date of transaction 13-Oct-18 Sale value R780000,00
Valuation by local authority R613021,00 Any other consideration payable

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Occupational rent / interest paid or payable R 4500,00
Total R784500,00
Transaction subjected to CGT? Yes 10,890 Square feet
Occupied for primary residential purpose Yes
Other are all No
Declaration by Purchaser
Name of the Purchaser (transferee 1) John Ernest young
Identity No. 531208 5133
004
Income tax
reference no.
2431/7114/71/9
Others Not applicable
Name of the Purchaser (transferee 2) Elizabeth Anne Young
Identity No. 541128 0013
007
Income tax
reference no.
1242/0451/63/9
Others Not applicable
Date of acquisition 13-Oct-18 Value R 60000, 00
Consideration R 780000, 00
Valuation by local authority R613021,00 Any other consideration payable

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Occupational rent / interest paid or payable R 4500,00
Total R784500,00
Commission payable to agency including
Value Added Tax (VAT)
R 60800,00 VAT Registration
no. of estate
434716 0312
Amount of bond R 38321,89
Physical address 58 Bulrush Street, Sea View Durban, 4001
Property is Improved
Nature of property Primary residence
For what purpose the property will be used Primary residence
Interest R 38157,96 @19.5% p.a.
Transfer duty Nil
Penalty interest Nil
Declaration by seller
Name of the seller (transferor 1) Vincent David Angus
Identity 241009-7132-
007
1342/0316/25/6

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Name of the seller (transferor 2) Stella Marie Angus
Identity 260315-0016-
057
1223/0234/24/9
Details of the purchaser
Name of the Purchaser (transferee 1) John Ernest young
Identity No. 531208 5133
004
Income tax
reference no.
2431/7114/71/9
Others Not applicable
Name of the Purchaser (transferee 2) Elizabeth Anne Young
Identity No. 541128 0013
007
Income tax
reference no.
1242/0451/63/9
Details of purchase consideration
Transfer duty Nil
Date of acquisition 13-Oct-18
Consideration R 780000,00
Any other consideration payable R 4500,00
Total consideration R 784500,00

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Description of property 10,890 Square feet sea view building 58 Bulrush
Street Durban
Declaration by conveyancer / Attorney
I, D R Preston, one of the Attorney of Maxwell & Associates hereby certify that a true….
Signature Date
Deed of transfer:
DEED OF TRANSFER
Deed of transfer is providing in the form of screen shots from the agreement document.

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This property is transferred to John Ernest Young and Elizabeth Anne Young.