T1. Addendum – Bond grant date

2. Addendum – Bond grant date

Use the information below and complete the relevant addendums and present the addendum in a role-play activity to fellow estate agent / principal estate agent.

Mr John Michael Lewis and Tracy Lewis applied for a bond to purchase 30 Protea Gardens, 60 Julius Knight Street, ERF 192. There was a delay, and they could not secure a bond in the 30 days.  The bond originator should have an answer within the next two weeks.  The owner Wilmarie van Zyl agreed to extend the bond grant date by two weeks. The bond should be granted before 30 May 2014.

Addendum – The bond amount

Use the information below and complete the relevant addendums and present the addendum in a role-play activity to fellow estate agent / principal estate agent.

John Dorey and Zelda Cooper submitted an offer on 28 Brink Avenue, Parkrand, Erf 170 for R1 250 000. The seller Pieter Johannes Gouws accepted the offer. However, they could not qualify for a 100% bond, they only qualified for R1 100 000.00. John & Zelda will pay the difference in cash. Complete the addendum to ensure that their offer is legal and binding. They agreed that the money will be paid before or on 25 April 2014.

The deposit must be paid into the transferring attorney’s account:

Account Name: Wilma Ewest Attorneys

Bank: Nedbank

Account number: 3456 9873

Branch: Durban

Branch Code: 56982

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