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ACTTo provide for the formalities in respect of a contract of sale of land and certain interests in land; to repeal section 1 of the General Law Amendment Act, 1957; and to provide for incidental matters.(English text signed by the State President)BE IT ENACTED by the State President, the Senate and the House of Assembly of the Republic of South Africa, as follows:-
Formalities in respect of Contracts of Sale of Land Act, 1969
Act 71 of 1969
1. Formalities in respect of contracts of sale of land and certain interests in land
(1)No contract of sale of land or any interest in land (other than a lease, mynpacht or mining claim or stand) shall be of any force or effect if concluded after the commencement of this Act unless it is reduced to writing and signed by the parties thereto or by their agents acting on their written authority.(2)The provisions of subsection (1) relating to signature by the agent of a party acting on the written authority of the party, shall not derogate from the provisions of any law relating to the making of a contract in writing by a person professing to act as agent or trustee for a company not yet formed, incorporated or registered.
2. Exclusion of contracts of sale of land or any interest in land sold by public auction
The provisions of section 1 shall not apply to a contract of sale of land or any interest in land sold by public auction.
3. Application to South-West Africa
This Act and any amendment thereof shall apply also in the territory of South-West Africa.
4. Repeal of section 1 of Act 68 of 1957
Section 1 of the General Law Amendment Act, 1957, is hereby repealed.
5. Short title and commencement
This Act shall be called the Formalities in respect of Contracts of Sale of Land Act, 1969, and shall come into operation on the first day of January, 1970.