02/06/2026
Can you lose your deposit if a property purchase falls through?
A recent property matter highlights how important contract deadlines can be. In this case, the purchaser paid a R1.725 million deposit but failed to provide the required bank guarantee within the agreed timeframe. The seller cancelled the agreement and claimed the deposit. The purchaser tried to recover it, but the claim failed.
The key lesson is simple: in property transactions, deadlines matter.
A deposit is not just a placeholder, and once an agreement is signed, the wording of the contract can have serious financial consequences.
Before signing an Offer to Purchase, make sure you understand your obligations, timelines, and possible risks.
Read the full article here:
https://conradieinc.co.za/your-property-purchase-collapses-can-you-get-your-deposit-back/