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 Always have your OTP reviewed by a conveyancer before signing.

Buyer's Guide

Understanding an Offer to Purchase

The Offer to Purchase (OTP) is the most important document in a property transaction. Once signed by both parties, it becomes a legally binding contract.…

The Offer to Purchase (OTP) is the most important document in a property transaction. Once signed by both parties, it becomes a legally binding contract.

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

Always have your OTP reviewed by a conveyancer before signing.

This guide is for general information only and does not constitute legal advice.